You cant fell it to roll over you cant get it to fetch. Somehow people imagine there is discipline to the process that the action falls clear patterns. For example, when you get a spike of infections, the average is supported to get clobbered and that is what happened friday monday new ball game nasdaq advancing 1. 20 the bulls look at the spiking number of covid cases next to the not spiking number of fatalities and figure we made Real Progress fighting this disease so buy stocks into any kind of weakness we almost got back to even on the dow because mortality rates look like they are dropping. They are buying recovery stocks, not stay at home stocks. If you believe the spike in infections isnt an issue you want to bail on the covid stocks too many states are gradually shutting down to write this off as no big deal more on the index later in the show what happened today . Lets go over key parts. First, we have a reason that can actually be time stamped to turn around the market. This
The nascar actually advanced 6. 7 led by the cramer covid stocks thats what this market was about. Zoom video followed by slack, they are all surging. You know what they have in common, dont they these are the stay at home economy stocks i am proud that we have had all but one of these on the show i am trying to bring them all to you. Why does this happen because today we started worrying again about the pandemic cases are spiking. That defines the action even though we got a strong onetwo punch of the three js, johnson, johnson and jay. Since starting human trials, july is around the corner. Very positive. No reason for j. And j. To come on and talk about it unless they really had confidence. That tells me they are the real deal j and j is one of the least hyped companies in the world and then jay powell. Worst q 2 on record. How will he do it . Whatever it takes. I wish powell would own up to what is really going on here he will do what he can to keep the balls in the air until the b
With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Protests in atlanta. The shooting now ruled a homicide. Parts of seattle remain under siege. The mayor supporting protestors calling their actions an act of patriotism, President Trump saying that the mayor and governor should be ashamed of themselves tweeting that the matter can easily be fixed. Mortgage rates dropping to a record low, quick and loans ceo joins me at 8 30 a. M. Eastern time. Find out who can take advantage of low rates and what it could mean for housing recovery. Mornings with maria is live right now. Fears of second wave of coronavirus hitting Global Markets. Europe markets are selling off, down to tune of 1 in england, france and germany. Restrictions easing up in the uk as retailers reopen, many European Countries opening their borders to travelers today. In asia overnight, you can take a look at major markets there. Lower across the board from korea, japan and shanghai. More signness of slow recovery in china. Industrial output coming below expectations rising 4 i
As long as we are smart. When you are outside and with a mixed group of people, not the cohort within your family. You i think it will be a minute before he starts. First lets focus on what is start to bring folks over and happening in the bay area. Early and loud rallies calling to defend the Oakland Police department. Cousins and folks who have not seen for a while cannot be smart about being distant. There were three valleys including this one in the fruit wear a face numbering. Tail district in front of positives are up, not down. You think that wont impact you district noel iao. But you dont know that and it may not only impact you, you may be asymptomatic but it may impact someone who gets the disease because you did not know you had it and you are not physically distanced or wearing a Face Covering when youre the Police Budget is the picking upcoffee and you largest line item. We want to see that cut in half. We dont need armored were in a very constrained environment. Its one t