One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Displaying russias planned policy of friendship, nominally out ranked by the premier, he appeared the boss. President eisenhower accompanied by the secretary of state offered to exchange military information with the russians in a personal appeal but the plan was rejected. Britain and the french premier supported the american proposal. The president , startled and delighted genevans by going partysopping near the end. He proved a Popular American ambassador of goodwill. On the return to washington, a heavy rain drenched misses eisenhower, the president , and the welcoming party including Vice President nixon, misses nixon, the president s motherinlaw and daughterinlaw. Also were cabinet members congressman and diplomats. , reporting on the historic meeting, the president said the result of this conference, no one knows, but the coming months will tell. In the meantime, we do know that new contacts have been established and there is evidence of a new friendliness in the world. The war i
Changes start with early projections for a lot of mountain snow. Rainfall is about a half inch to an inch and a half and possible thunderstorms with hail, it will be sunny today what we do now will forever change our tomorrow. With everything coming out of the northwest and the breeze is holding up a temperatures will end up in the 60s even though were starting off with 30s and 40s. Get out and enjoy it. So lets do the right thing, today. Another was a show in napa lets stay at home. Earlier but i think other than lets wash up. That everything is okay. Lets always keep our distance that is correct that we did please, six feet apart at least. Have crash at linda vista in lets look after ourselves, as well as others. Napa county of that is still an it will all be worth it. Area to avoid but otherwise the commutes are good and people we can all do our part. So those on the front line can do their part. Are still going, essential workers are on the road but we and when this is over, havent
Developers are working on a new Smartphone App that will warn people if theyve been close to someone whos tested positive for code 900. Plus they are in hundreds of thousands of pounds per week the English Premier League wants its footballers to take a crew on a virus cut but players are pushing back. A Michael Oconnor its good to have you with us the reality of the corona virus pandemic has reached american shores numbers of infections and deaths are spiraling while Public Health officials struggle to equip hospitals with what they need President Donald Trump seems to have largely stopped downplaying the scale and the danger while u. S. Citizens adapt to the precautions needed to limit the spread of the virus. Reality bites refrigerated trucks outside to manhattan hospital to store bodies because the morgue is full under the gaze of the empire state building. On the street signs that people realize its serious new york now where mosques and gloves and public. Soldiers are deployed to
This market . I mean, look, i will tell you in a month you know all we know is that the market was relatively high based on relative optimism and the optimism has been punctured. Is it terminal who knows. A mean a few weeks ago the market had a bad day on coronavirus. A monday ago it had a bad day on iran will it be long term or short . Nobody knows. People sort of throw around terms like black swan event and waiting for those types of thing to really cause a dramatic market selloff does it feel to you in your gut through all the markets you have seen that this is the kind of thing that could evolve into that as long as you use the word could. It has the potential to be that kind of thing, a catalyst. But you know, will the you know, its its on fear now you know a week ago, people were talking about containment. Now they are talking about contention now they are talking about italy, and you know, moving beyond china so i think that, you know, in one of my memos bryn knows all the memos