Lets go to bob. Hello there are a number of reasons we keep rallying. The bottom line is for the moment generally the market is choosing to see the Glass Half Full whats the Glass Half Full a number of data points. We did have better than expected china export data. Thats pretty good news overall. Were in range bound territory but the trend is slowly on the upside moving to the upside. Lets review the data. Thats a data point we had generally were seeing reopening hopes. Were also seeing a mass i fiscal monetary stimulus most people believe the fed is real the fed put is real and hopes for improved treatments and vaccines Glass Half Full for today. Theres days when the market is glass half empty and they recognize the risks. You can see that in down days. Further downward earnings revisions. A third of the s p is given no guidance at all. Its hard to figure out where the multiples are. Flst concern it will get bogged down in partisan debate in congress we all need more fiscal stimulus
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
We dont prepare and act now to secure access of void funding shortfalls and disruptions to trade we could be facing multiple famines of biblical proportions within the next few months. Well here in the United States of america while we may rank 27th in the world in education and health care we do hold the distinction of ranking number one in coded 19 infections and deaths with close 2900000 confirmed cases and roughly 50000 deaths. If that is an american exceptionalism out of spine is that i dont know i mean hey we might not be good at math and science and all that but you know that whole reading thing but you know we can we can rack up some covert 15 recovered 19 numbers thanks to our poor Profit Health care systems. So with us citizens near and far battered and beaten down by this virus we now turn to our great and powerful elected officials to find out what ideas or plans they have in place to help stop and protect us from this rampaging virus supposing we hit somebody with a tremen
A look chuckling and then we have some other chocolate here and finally let them eat chocolate well share a dessert that may taste great but may make you angry at the same time. Oh. He wishes. To buy. A report ladies and gentlemen c. N. N. Anchor chris cuomo has apparently overcome the coronavirus and after weeks of doing a show from his basement he has left his basement they documented it on his show this past monday watch all right here is your fish british from the basement cleared by c. D. C. Youll swear you just work out appearance. This is what ive been dreaming of literally. For weeks this is the injury just to be back here doing normal things the problem is he was reportedly out of his basement on Easter Sunday and thats what we know about he was out and about he got into a confrontation verbal he with a biker and then he talked about that confrontation with the biker on his sirius x. M. Radio show listen well. I dont like what i do professionally of decides on i want some jack
This is the one business show you cant afford to miss something in washington coming up as the global number of coven 1000 cases of surges towards 3000000 the European Union comes up with its own half trillion euro Recovery Plan in a new report to the Congressional Budget Office as dire numbers for the future of the economy and the federal deficit much of the total expense on the economy Washington Area doctor about the right to tell a health and how it may become the new normal but we have a show for you today so lets go and ive read a. Global infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president mondale mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines