A heaping of starbucks and shake shack after the closing bell despite a host of developing threats out there, no disability a quarter of companies that have reported so far have yanked guidance China Threatens retaliation for its role in the pandemic, and the virus death toll, new reports we could see 3,000 deaths a day in the United States as states begin to reopen. Is the action we saw today actually a sign that the market may be climbing a wall of worry . Hi, mel. Hi, guy its clearly climbing something. Tims been on this theme, so kudos toll him i was impressed, the price today was, you know, very interesting. So kudos to the market and people that still believe in it. Out of the three things you mentioned and loss of life obviously is the most concerning, but in terms of the market, you know, this potential retaliation against the chinese, that Steve Mnuchin spoke about today, and saying the chinese were still going to honor their trade agreement, i personally dont think the market
Cramer, david faber coming to you live from separate locations this morning its risk off following those onemonth highs from yesterday empire and retail sales for march were abysmal the worst on record. Below Expectations Oil below 20 earnings from citi, goldman, bank of america showed the major banks are, as expected, bracing for a wave of defaults some more than others when you look at the percentage of the total loan book at jpm and city. Jpm is the one that people decided wasnt that great. When i look at it, i think it had to do with tone. Jpmorgan, the crucial lines were something that were uttered by jamie, which were, look, may is not realistic. It will be june, july. The problem with basing everything on that is that you dont realize these banks are much more much better prepared than we thought you have a citi thats down from its tangible book value, its actual youll have multiples that are incredibly low because people feel the dividends are in question yet you have a tremend
Yesterday down 86 points at 4 00 oclock on wall street. More help for Small Businesses and hospitals on the way. The senate did pass the 484 billiondollar coronavirus aid deal last night. House is expected to vote on this tomorrow. Meanwhile the white house is looking ahead to additional stimulus packages. We will talk about that. President trump to sign executive order today temporarily banning immigration to protect american jobs. The cdc meanwhile is out with a dire warning this morning saying there could be a second wave of coronavirus and might be even worse than what we are dealing with right now. That coming in the fall. More people stuck at home turn to streaming. Adding 16 million subscribers but warned that the level of growth probably will not continue as lockdown across the globe start easing up. The stock is down 188. More earnings on top this morning including at t and Delta Airlines, all that coming up. Mornings with maria live right now. Maria Global Markets look like t
Little, too late. European Officials Say it is too lockdownrelax restrictions. The german finance minister says he is prepared to offer aid. Read on the screen in asia for the third day in a role. Weakness in european and u. S. Futures. After gains in their cash trading yesterday. Investors mulling this grim milestone in terms of the outbreak. Jobless claims out of the u. S. , 10 million ssericans laming joblessne over the past two weeks. It could be noisy data because it does not take into account the full stale scale of the lockdowns. The dollar index above 100, Holding Onto Gains from the past two gains. Record to jump as President Trump talked about saudi and russia cutting production. The state ofto fourwith coronavirus, months after surfacing in wuhan, china, it has infected one Million People across the world. Italy and spain amount for almost half the deaths. The u. S. Accounts for a quarter of the cases. For a quarter of the cases. With some virus carriers preventing presentin
South korea, president moon calling the current Economic Situation as an emergency. The rhetoric is not positive even as what we see the beginning of a stabilization for some of these virus cases coming out of china. Certainly, the attention is on what regional economies are going to be able to do to support Economic Growth. Lets take a look at what we are seeing on the markets. A milestone for Chinese Markets in recruiting some of those losses since the Lunar New Year break, but we have seen very little positive price action since then. Absolutely. A little bit of a tempering of the positive tone we had seen. After we made up the post Lunar New Year losses, it is notable that you look at stocks on the mainland and they are trading lower, but off by just 0. 1 , so trying to hold in, trying to higherd continue to move with the cautiously optimistic town. Off slightly to the downside. Where we do see losses leading the way, that is in hong kong and japan. Both the hang seng and the andei