Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
The big apple housing bust how hard is new york City Real Estate being hit and if it will get any better anytime soon . It is wednesday, may 6 you are watching Worldwide Exchange on cnbc. Good morning, good afternoon or good evening. Welcome. Im Brian Sullivan thank you for watching here on Worldwide Exchange on wednesday morning. Here is how your markets and your money are setting up. Futures about 145 points on the upside parts of this due to reopening the economy. Remember this, the dow was higher a week ago before we started talking about reopening. More likely the move is that hedge funds now have the highest net exposure to stocks big tech, once again, the names you know, the faang stocks outperforming again yesterday. Oil is part of the story as well it tells the story of more demand down the road oil up again this morning. Now up about 30 in a week demand for gasoline is slightly on the rise. Production cuts for chevron and exxon and others coming faster than expected in the Un
2200000 people from the us we feel that the mitigation that were doing right now is having an effect if we could hold on as were saying 200000 its a horrible number. Maybe even less but 2100000 so we have between 10200000. We altogether of done a very good job nothing would be worse than declaring victory before the big 3 is one. Also coming up with billions of people social dense distain and many in self isolation how in the world are we supposed to keep it all together i get up every morning at the same time i put on my make up all day no one will see me and make myself the same breakfast and eating you know all of this just to prepend that everythings normal. And to our viewers on p. B. S. In the United States and all around the world. Well we begin the day with a new week in the worlds new corona virus endemic epicenter the United States late last week the death toll in the u. S. Hit 1000 just 24 hours later it had double the u. S. Now has more confirmed cases than any other countr
2200000 deaths 2200000 people from this we feel that the mitigation that were doing right now is having an effect if we could hold that. As were saying 200000 its a horrible number. Maybe even less but 2100000 so we have between 10200000. We altogether of done a very good job nothing would be worse than declaring victory before the victory is one. Also coming up with billions of people social dense distain and many in self isolation how in the world are we supposed to keep it all together i get up every morning at the same time i put on my clothing no one will think and make myself the same breakfast every evening you know i do all of this just to pretend that everythings normal. Ones who our viewers on p. B. S. In the United States and all around the world. Well we begin the day with a new week in the worlds new corona virus pandemic epicenter the United States late last week the death toll in the u. S. Hit 1000 just 24 hours later it had double the u. S. Now has more confirmed cases
That. As were saying 200000 its a horrible number. Maybe even less but 2100000 so we have between 10200000. We altogether of done a very good nothing would be worse than declaring victory to be towards a victory is one. Also coming up with billions of people social dense distain and many in self isolation how in the world are we supposed to keep it all together i get up every morning at the same time i put on my make up on their one thing and make myself the same breakfast every evening you know all of this just to pretend that everythings normal. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with a new week in the worlds new. Corona virus pandemic epicenter the United States late last week the death toll in the u. S. Hit 1000 just 24 hours later it had double the u. S. Now has more confirmed cases than any other country after weeks of hoping to have the u. S. Back to normal by easter u. S. President trump has now reversed course