Board. We are off the lowest levels of the day. The dow is at 25,290 there is the nasdaq. Concerns about the virus and new hot spots around the country are part of the conversation as i look at moves, i see a lot of buys that suggest youre optimistic about the reopening of this country. Yeah, thanks scott. When i look at my portfolio as a whole, i have a heavy bias to the nasdaq 100 the qqqs which have done so well i think that as we are reopening that if you look at technically, a lofts tt of stocks like south six flags, they all look similar. They are starting to make higher lows and higher highs. I think as the reopening happens, this is where theres still risk but we think its compensated risk longer term to own some of these epicenter names that we think as the summer happen, as the reopening is happening, i dont feel comfortable just owning the nasdaq 100 and sitting in apple and microsoft and amazon i want to diversify that this is buying low feels like. Theres a million reasons
The nasdaq by 173. There are reports of a new vaccine in the works word of anything setting back the virus is great news. Over the long weekend, people were out summer is around the corner. People are starting to feel that and that is showing up in the market again some big gains the last week of may treasury gains pushing up. 10year up 0. 7 . Right now sitting at 0. 695 . The big news is whats coming from that Biotech Company weve been talking more about. Absolutely. Hope everybody had a great weekend. U. S. Biotech company novavax said it started the first human study. The initial results they are saying in july the marylandbased firm saying upon completion of phase one, phase two will be conducted in several countries include ug the United States. That stock up more than 20 premarket but really giving rise to markets across the board as well as to what becky was saying all of the folk fols out and ab this weekend giving some optimism at least for a period well see. Maybe there is so
Headline, governor bailey with a negative two year yield. Francine there will be no money for my kid because as soon as i can, i will be spending it on childcare. I asked him whether negative rates was something he would consider. The change in tone between him and his predecessor is stark. Governor carney always saying absolutely not negative rates for this country. Andrew bailey who has been in charge for about two months, kept the door opened, saying probably not now but because of the severity of what we are facing he will not rule anything out. There is a change in tone on what they can and cannot do. Seeinge changes we are from tuesday into this wednesday, chairman powell with adam posen and the Pearson Institute at the Virtual Conference today, that will galvanize global wall street. Jack ablin here with us in a moment. Here is ritika gupta. Ritika we are waiting to see if Jerome Powell gives anything up about what he will do next. He may call for congress to do more to combat t
Places. Watch American History tv tonight and over the weekend on cspan3. Up next, Federal Reserve chair Jerome Powell talks about the u. S. Economy and his agencys response to the coronavirus pandemic at a Virtual Event hosted by princeton university. Okay. Hello, everybody. I now have the signal that the technology is working. Fortunately nobody would put that in my domain. I dont take any responsibility for that. Im professor of economics and Public Affairs here at princeton university. Thank you for joining us on this special reunion event with Federal Reserve chair jer powell. Sponsored by princetons griz wald center. Were happy to have many members of chairman powells classmates on the princeton class of 1975 on the zoom. Just one quick logistical note, if you have a question, youre welcome to submit it any time you want using the q a feature of zoom which youll find at the bottom of your zoom window. It tez q a. You may also upload questions that youd like to see answered and we
Offering us a bargain here u. S. Treasury expects to borrow 2. 00 trillion a net marketable debt in april to june quarter 3. 00 trillion dollars more than estimated in february to put not trillion dollars come on down to the feds Bargain Basement to put montreal in dollars order now and get 6 trillion dollars more in 6 months or now just 6 trillion dollar war in 6 months come on down to the fed broader base with high of j. P. L. I print money like a maniac come on down to the feds Bargain Basement ill give you a choice dollars right now because of all baseball cards you got civil civil war you got some old rags that round the house will give you a 1000000000. 00 come on down to the feds money printing shop right now. You know you might want to this is christine the guards money printing go to christine look at well just ridiculous to look at than the one most soon to print how do you know how to reduce. All of movement is all of that good you. 7 can assume. We know that your french is