Welcome to closing bell, everyone im wilfred frost along leslie picket in for sara isen today. Nasdaq holding on to some gains ahead of the holiday tomorrow. Pain in the labor market as new Employment Data underlines how tenuous the economy is nasdaq higher, growth out performed value. Energy under some pressure for a change after a huge surge in november and weve seen strong numbers from Corporate America mastercard said spending remains steady gap the counterpoint that stock is down 20 today alone. 59 minutes and oneday holiday coming up, of course, tomorrow the dow is down 0. 6 . Coming up on todays show, Website Security Company Cloud flair shares are up. Well speak to the ceo plus, riding with unicorns well talk to Founders Fund keith rabois Steve Liesman has a look at todays economic data. Mike santoli is tracking the market action. Deir deirdre bowsa has details. Steve, start us off with the economy. A busy day today. Yeah. The Federal Reserve earlier this month at its meeting d
Your money as you consider whether you should buy this stock as well. Ive got great guests today to go over 24 as welthis as well the Investment Committee is here as always. And were anticipating the ipo and jon fortts interview with Frank Slootman leslie picker is with us too and steve, you wanted an allocation and you didnt get it, but you why did you want a piece of this action well, i readprospectus, a strange thing to do for a great deal and the growth is phenomenal when they cite their retention rate, it is 158 which means that they are upselling, their accounts are taking on more are product. So i love the cloud. This is ai for the cloud it has a blue chip list of clients of accounts. So why wouldnt you want it. You dont find that growth anywhere and so everything checked on the box. So maybe if brad will give me some of his, well continue our friendship looking forward to that. And i have Pete Najarian who called in who is unhappy as well you wanted a piece of this too and you
Shes with us for a live woohoo produced by lee daniels. Interview. Decision day the Supreme Court expected to 30 grams of protein and 1 gram of sugar. Lawsuit against the state. Deliver key rulings on president in the spring as parents, you thats exciting. Also fred savage who played ensure max protein. Know, i know, we were all kind of winging it. Kevin on the original show, hes trumps tax returns this with nutrients to support immune health. We were treating it saying lets get to the end of the year and on board as an e. P. And director morning. Will he be forced to hand them just make it through but now weve got a month or over to congress and more to go before School Starts were talking about hundreds again and we have to at least, carson, start planning, saying ensure max protein. Our that deservesstory of millions of dollars of lost the best care profits, lost revenue. Kerry, the question, of a live report and the potential impact on the 2020 race just dove body washs new formula
Retail certificate going to zero not every biotech will keep growing every day. Thats the way it feels on a gay when oil imploded. The stock market got slammed because of it. Dow losing 592 points. S p sinking 1. 79 , why, of course its got a lot of tech and biotech. I dont blame a soul for being confused here. Buy, buy, buy a. Sell, sell, sell. The situation is, confusing were in Uncharted Waters now. It doesnt lend itself to easy explanation. We have to take them one at a time because some of these are so extreme they almost feel like science fiction. Like the price of oil falling to negative 37 and change today. Yeah, thats right you heard me, negative 37, minus sign lets start with oil as that meltdown was terrifying to watch. At dawn crude was a buck and a half, little below 20, seemed okay by the time the stock market opened it was down to 11, negative whoever owned the oil last had to pay someone else to take it off their hands. Next thing you know it was negative 10, negative 2
Original projection of 100,000, 200,000 deaths it looks like our mitigation efforts like social distancing might be working the turn around in less than a week is sudden, especially when the death toll keeps surge being, said were making progress against the pandemic. S p gained 3. 4 . Nasdaq climbed 2. 8 . People are betting on some return of normalcy perhaps as as soon as next month maybe thats when america could be open for business i have been a whole time big believer in dr. Fauci. Ive been a believer since he turned hiv from a death sentence to a manageable lifelong condition, something that seemed inconceivable in the 80s. Its hard to see fauci be more optimistic about the battle against covid19 lets be clear he didnt say we could stop doing social distancing. He serm certainly didnt say wel go start having parties. He said, quote, now is not the time to pull back, its the time to intensify thats the caveat. We should be proud of what were doing and mitigate and keep the pressur