Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
Senate gop leaders releasing a plan for more stimulus, sticking to a trillion dollars they more or less promised. Are the gop and white house playing with fire . All that and so much more on making money. Charles all right, folks, the market is off to a positive start as megacap stocks begin the week with a chip on their shoulders and wind in their sails. Google up 1 1 2 , fast book up 1 . They will all report earnings this week and they have all have to report to congress as well. This morning jpmorgan raised target of apple to 425 from 365. Almost son from 2hundred to 3600. Find out if theyre buying or holding. I have folks who tell us what they think. Constellation ray wang, Gibbs Wealth Management president erin gibbs is here as well. Let me start with you, ray. Big tech a little wobbly last week there were questions about microsoft and the cloud revenue not be 50 and the quality of teslas numbers but they dont stay down long, do they . No, they dont. Big tech is very hot. Everybod
Student loan debt and new york orders 100 of the states workforce to stay home except for essential sftss. California, illinois and United Kingdom asking residents to do the same moments from now, he runs the largest restaurant in the world. Mcdonalds ceo will join us for an exclusive interview to discuss the companys response to the coronavirus that live interview coming in just a few minutes lets focus on the big stories we are watch iing. Mike tracking the market moves in the final hour of trade bob pisani on the unprecedented week for stocks. Meg has the latest on the coronavirus. Mike, first to you on this Market Action on the final weekday of a crazy week. Its still skittish there was a couple of days we were able to pull out some clues of stabilization a chart of the s p 500, we keep going back to the levels of tight end 2018 right back there now i think you can look under the service and say the market was trying to differentiate. We had perhaps a lull in this heavy liquidation
Kind of a mix. Spain and france both slightly in the red the ten year note yield holding firm around the 2. 2 or so percent. You can see at the bottom of our screen weve gotten that news. Equifaxs stock had been halted. Rick smith announcing he will retire as the companys ceo. Want to get more details on when that retirement is coming, whether its immediate or not. Of course, hes been undergrea pressure given the huge breech there for some 143 million or so potential accounts that were compromised. Some might wonder what took so long. Yes. Already two Technology Executives left the company the week before last the stock has been in pretty much free fall today its been characterized as retirements as well its a couple of weeks ago saying he certainly shoulding fir should be fired. He has been dismissed. Take a look at the press release. Im not clear as to whether effective today okay. Thank you. Mark felder, current board member mark felder is now chairman and there is an interim ceo. T
Most bizarre thing on just business tv, but television in general. A oneman show about business . I also know you wont find investing advice this good unless youre one of those people who tunes in to see if this is the night that i actually do go off the rails its always a possibility on any given night. Sorry, guys, theres a tape delay. Going to happen one day. But i do my best so it doesnt this is the method to break from strictly quoting the bar to my madness. How do i pick stocks you always ask me that why do i tell you that some stocks are worth buying now or on the dip instead of, hey, tomorrow, thats the question that everybody would like to know so tonight im going to give you pieces of the answer lets get rolling. One of the easiest ways to identify the names, they wont necessarily show up on the show, is by watching my favorite list when i was, frankly, a little boy in 5th grade i used to look at the in you high list. I thought it was the guys that were hitting better than. 3