The pain for struggling retailers, but some Companies Found creative ways to engage consumers. On the round table the, ben levisohn, carlton english and al root. Ben, you used a great phrase earlier this week when we were talking about the market, you said this week the market was violently flat. Whatd you mean by that . Right. So the market, it seems like every day the dow is going up 400 points or is dropping 400 points, or it looks like its going to drop 400 points but then does an about face and heads higher. Were seeing coronavirus cases spike in many states, and some days the headlines seem to matter and other days they dont. And its really not clear what is going to get the market sort of knocked out of this range that its been in. The s p 500 did finish higher this week, but its still below the june 8th high from the rally off the marlo. So its going to be march low. Its going to be interesting to watch as these headlines continue to keep the stock market in place or if market
Nasdaq is leading the way again. 9,996. Will we get to 10,000 again before the quarter and the half year are over . Its a 1. 25 gain today. Its the only of three majors to be positive year to date ill start that there, josh brown. The nasdaq is reminding everybody how we got here in first place. Thats right. It continues to be a tale of two markets despite those days where it looks like were about to have this massive mean reversion for the rest of the market it really is these names that are getting the job done day in and day out. Ive highlighted the fact the nasdaq equal weight is doing as well or better on some days than the regular market cap weighted triple qs. Thats indicative of broad strength not just five stocks dragging the whole market higher. Then the coronavirus losers are doing what think have been doing for quite a while. Each day were getting new names added to the list. This is just another casualty of this two speed economy that were going to have. If you focus on wh
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T
In the white house, continue they continue to push reopening. Stephen mnuchin says another shutdown is off the agenda. Like ait does look terrible set up when it comes to this final friday training session. The selloff looks to continue. In the u. S. , it was deep and heavy volumes as we saw that box provedy go really be wrong that came to a screeching halt. 2 trillion to write off the value of u. S. Equities in under seven hours time. The are seeing a rebound when it comes to u. S. Futures trading for the s p, seeing upside about. 5 . Chicago and nikkei futures looking positive. Still, we could see some downside in the session, particularly as we continue to see the yen, really the only outperform against the dollar. In sydney, no such luck. Futures plummeting by over 3 . We had aussie stocks falling the most in six weeks in the thursday session. We are seeing the correction extend to almost 4. 5 percent in the early part of this session as we see downside for the kiwi and the aussie
We will bring that to you live and keep you updated. We will get the market take, what do you do when Retail Investors are crushing it and the sophisticated guys are not . We will break it down. Story, the the top market is paying close attention to the Central Banks economic protection. Theres a lot of stuff going on. Our guest joins us now. We have a laundry list of things that everyone is watching for, what are you most interested in . We are all watching for a lot of things but i dont think anything will really happen. Im not expecting any new announcements yet the most interesting thing will be the summary of economic ejections, projections. This is a good sign at the fed now feels like they can actually day forecast together. But it will be uncertain. I think bloombergs forecast quarter,t for this which we are already most of the way through, theres contraction by 7 , and 65 growth for this quarter. Just to show how incredibly uncertain rings are, they are putting together a fore