Stuff happen here in the lockdown of new york and london. That does not mean the conversations will stop. Great conversations lined up today. Thank you so much for watching our last hour with rupert harrison. We move forward with michael a moment. Ning us in my observation is that every nation for itself right now. How was Prime Minister johnsons weekend . Francine i do not think they are competing with each other. There is a lack of coordination, but when you look at the u. K. , that is coronation between treasury and bank of england. So it is domestic coordination that got it right. If you look at the global efforts, maybe coordination could help in terms of medicine of swaps medicinal sops information. Boris johnson has told people to selfisolate or at least distance themselves. If you look at pictures across london, many people, far too many people, are just not heeding the advice of what the government is saying, which is why we hear that the government is thinking about a lock do
Plus an increase in News Coronavirus cases, declines are being led by tech. Microsoft, amazon and apple all sharply lower today. Thomas peterffy is the chairman of Interactive Brokers hes our closer today coming on the heeled of the tieup will he now sell his companies well ask hem later in the show. Clearly coronavirus, again still only down just over 1 the markets overreacting i think if you do the math, basically if you lieu that only represents about 1 of the earns of the company no indication that this is nothing but a shortterm problems lets get on the base stories. Seema mody Steve Liesman tells us what the fed is talking about. First, lets start with seema. That safe haven play is certainly evident in different parts of the market. One standout is shares of the post 5 a new record high, up 7. 6 certainly outperforming on a day. A pause in the u. S. china trade relations. According to our ceo deere did address the coronavirus, expecting freight costs in the Second Quarter relate
The close even though it had been there intraday. Beenrange chart we have looking at for months, weeks, it is starting to turn bullish. The range between roughly 2600 and 2800, all back to the since the rally stalled, we have been stuck 3000. To between 2300 and note the higher lows. Theof them put in just over next few weeks or so. The rising moving average tells you that the trend is up. The longterm bulls are supporting the market. Making alike it is break to the upside. Should this work, we could see the s p 500 climbed toward maybe even 3200. Again, this chart is starting to turn bullish, maybe suggesting that the earnings season will remain positive. For me continue to be on the chipmakers. You have seen some relative outperformance recently. Closing up about 2. 2 percent. A lot of Underlying Companies driving this. An 11 monthng high. Other Companies Like intel, which have exposure to apple, keep pushing it higher after we hear about strong iphone 11 demand. If you take a look a
Failed to see january shadows. For the second day running, a major springlike move higher than the Dow Jones Industrial average. Meanwhile and contributing to stocks gains, oil prices extended their rally, up about 7 . More on that in a moment. But first, disney. The house of the mouse which has seen its shares soar more than 30 over the past year out with earnings late today and they were anything but mini. Company earned 1. 27 a share, 20 cents better than wall street expected. Revenue of 9 to more than 13 billion and as a result shares popped. After hours, and that was on top of a more than 2 gain in the regular session. Julia boorstin spoke with ceo bob iger and has one big takeaway on disneys results. Reporter the key takeaway from disneys earnings is that igers strategy is working. All the companys divisions showing growth. Great great quarter for the company across the board. Clearly, i think it is a great testament to focus on franchises and our great brands. Parks and resorts,
Failed to see january shadows. For the second day running, a major springlike move higher than the Dow Jones Industrial average. Meanwhile and contributing to stocks gains, oil prices extended their rally, up about 7 . More on that in a moment. But first, disney. The house of the mouse which has seen its shares soar more than 30 over the past year out with earnings late today and they were anything but mini. Company earned 1. 27 a share, 20 cents better than wall street expected. Revenue of 9 to more than 13 billion and as a result shares popped. After hours, and that was on top of a more than 2 gain in the regular session. Julia boorstin spoke with ceo bob iger and has one big takeaway on disneys results. Reporter the key takeaway from disneys earnings is that igers strategy is working. All the companys divisions showing growth. Great great quarter for the company across the board. Clearly, i think it is a great testament to focus on franchises and our great brands. Parks and resorts,