Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here and then up another 12 from there, so thats a move there for the social media stocks that were watching as well, a
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
An upgrade yes, thats a hint. We start off tonight with hello from the other side hello from the other side are the markets trading like we are on the other side of the Coronavirus Crisis despite the spike in cases around the country . The reopening trade, that was on fire today and so far this week, cyclicals have been the big gainers, industrials, energy, materials and small caps what has under performed, Big Cap Technology guy, whats going on here . Are we on the other side as far as the stock market is concerned . I tell you whats going on here im going to offend 90 of our audience by saying despite the fact that adele is a huge fast money fan, that might be the most annoying song in the history of mankind. Thats why we used it. Notice i was closing my eyes. Hello from the other side thats why we keep playing it. Trying to zen out typically on a thursday im in a really good mood you play that and im miserable now. I dont know what to tell you. What i tell you about the other side i
[ gavel ] and i guess the the subcommittee will come to order. Without objection the chairs authorized to declare recess of the subcommittee at any time without objection. Members of the full committee not on the subcommittee authorized to participate in todays hearing. So long as they participate virtually and will be recognized after members of the subcommittee are recognized. Members who are participating via webex platform reminded to keep video function on at all times even if not recognized by the chair. Members participated by webex platform also reminded they are responsible for muting and unmuting themselves. And they should mute themselves both before and after the time that they are allotted. But in addition to that, consistent with regulations, the company and accompanies each res 965, staff will also be muting members when they are not recognized. Members are reminded that all house rules relating to order in decorum apply to this hybrid hearing. In addition, the chair inf
Britains lockdown. European stocks follow asiasing Economic Activity around the world with basic resources leading the way. Car sales in china rise for the first time in nearly two years and a sharp uturn from the 43 drop the month prior sno the german consumer good sees demand for cleaning products jump in the First Quarter but sales of shampoos and adhesives fall. 2. 2 billion deal to sell its business in the philippines is blocked by the local regulator. Good morning pe with seen green march back to the european boards as we begin a brandnew trading week what weve got across the board is reaction to gradual reopening of some economies in europe. Although there is a little more caution than weve seen in some countries like germany, south korea and china, wuhan directly, where the reemergence from lockdown has meant a spike in interest rate. The benchmark stoxx 600 rise of 0. 40, drifting off higher ranges with countries like spain not holding onto some initial green, and france track