Stocks are working on backtoback negative sessions on fresh concerns about the virus weighing on sentiment. Josh, i feel like the great debate its the reopen trade versus the reality of the virus trade. You have the country wants to get back to business and normal versus the fact that the virus is spiking in some very big and important states. Yeah. I think thats exactly the right way to explain it, scott i think theres a large group of stocks, things like airlines, retailers, we talk about this all the time they seem to be having the red light green light days and then theres the large market capitalization names that seems to be unfazed i think whats interesting now though its not just f. A. N. G. Stocks theres a wider group of stocks that seem to want to go up, almost no matter whats happening with that resurgent story. I think thats what most traders and what most active Market Participants are focused on. Look at name like spotify, this stock at an alltime high. Up 19 overthe last
Testing ramps up across the worst affected parts of kenya but many are worried theyll be forced into quarantine. In other news allegations of Police Brutality in hong kong the Police Complaints watchdog wants the territory risks being dragged into a new era of terrorism. Now some hummus now have all the sporting clothing and major land before the german bunds league to restart talks the coach will miss the teams 1st game back after breaking quarantine the rules. Lets get going as many countries cross the peak of the virus pandemic World Leaders are turning their attention to restarting their economies either by lifting restrictions or with big injections of cash people in the United States could eventually be in for another stimulus check with the house of representatives debating a 3 trillion dollar Economic Relief package it includes almost a trillion dollars alone for state and local governments who are now drowning in debt. Germany is preparing to make the move of dropping entry re
A warrior exam be forced into quarantine. Hong kong Police Watchdog upholds actions against protesters provoking anger from those who accuse offices of brutality. U. S. Present donald trump has declared a massive new coronavirus aid package being debated in the house of representatives will be dead on arrival when it reaches the senate the true 3 trillion dollar package being pushed by trumps rivals the democrats what it clips all previous Financial Rescue measures the democrats control the house Donald Trumps republicans have a Senate Majority more than 36000000 people are claiming Unemployment Benefits in the u. S. And figures just out show retail sales down by a record 16. 4 percent in april. In late march President Trump signed a 2 trillion dollars stimulus package into law the largest of its kind in u. S. History it included payments for most u. S. Taxpayers to help them cover expenses while out of work job the support was also expanded and there was more money for hospitals and f
A key test will be the u. S. Payrolls out later today. That will give us some indication of how high the risk is that rates will move up even further. We have the moon left from the promises and signals of support from chinese authorities. That is helping to lift the hang seng tech. Still sitting in positive territory up about 2 . If we want to look at some of the tailwinds or headwinds rather for the markets and risk assets in particular, take a look at the apple suppliers. After the iphone maker flagged those earnings and sales are declining for the Third Quarter. It looks to be more of the same for the current period. Not good news for some of the apple suppliers in the prices are coming down in trade. Lets take a look at what is happening in singapore. We did get one of the big lenders in the country, ocbc, reported a mess slightly on the income. It is flanking caution on the Economic Outlook though if you take a look at what is bucking the trend likely, intel has reaffirmed its gu
Thanks ge aside, its rally on, garth the dow and s p up again today what correction . Because at session hides, the nasdaq wiping the 7 a 5point loss from the february 1st close to the february 9th low . Off the books. Stocks may be being po receding a bit today as many of you listen on this sirius xm, this is for you, shares up after more than a decades. The barrons article, this is cooler than the lithium channel. Bobbi sani is on on the floor of the New York Stock Exchange hey, bob. Hello, contessa we are seeing some nice moves up, near the highs of the day. I just want to point out this is the second day in a row we moved up. This is opposite of earlier last week when we went down in the middle of the day. So s p is sitting near the highs second day in a row. Theres three things that are happening. First, we are healing fast we moved down 10 . That second circle there is the bottom on the ninth we havent seen this in a while about amazon, netflix, adobe, and jpmorgan with a 52week