New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation
Im seema mody in for sara eisen. Good morning. The big story that has everyone buzzing, alabamas dramatic overtile win ovove overtime win in georgia. More on that story coming up but congratulations to them. Commiserations to the losing side first, lets get back to the market picture we did have plenty of record highs intraday yesterday but not all record closes. The dow did close slightly lower for the day. The s p and the nasdaq were slightly higher. The nasdaq led the charge, up 0. 3 gains were slight but they were broad, 9 out of 11 s p sectors were higher. Utilities were the best performing of them and that highlights the boring fle ing n the outperformance tenyear treasury note for you, yields rose yesterday as they were towards the end of last week we have crossed 2. 5 the elusive barrier out of the 2. 4s 2. 5 bangon this morning the shorter end of the curve has been rising fast yields up which supported the dollar but the shorter end leading the charge higher. In asia, mostly p
Coming off of the 1. 51 level yesterday. And the day begins with record highs again, and what could cause this market rally to slow down . General mills shares are up, and the ceo will join us on a first on cnbc interview after he rings the opening biell. And the Prime Minister set to take over for David Cameron and what the change at 10 downing may mean for the futures. And stocks looking to extend the winning streak, and make more history in the process, the dow and the s p hit new highs led by the indiscretionary and the industrials, and the nasdaq in positive territory for the year, and rising to the highest intraday and closing levels of the year, and ten sessions, and 7. 6 of the s p 500, and the best ten days in five years. I used a proprietary oscillator that i use that is so good, and we hit 10 yesterday which is historically when you are supposed to start selling. That is a very high level. 5 is the beginning when you should be worried, but 10, you should be worry and minus 5