Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t
Tenyear yield falls below 10 and the Services Sector growing, accelerating with private payrolls beating expectations as well huge lineup of guests for you, starting with our closer, the ceo of camp bell soup, mark clouse that stock is up today and scott black, where hes putting his money in the mix of this volatility. And as we get another global Interest Rate cut today, this time from canada, we will be joined by former fed vice chair donald kohn. Joining us for the first full hour, final hour of trade is josh brown, ceo of ritholtz Wealth Management. Your take on the rally and how sustainable it is . Well, its a rally in the context of a market thats moved more than 2 in either direction in five of the last seven days, which has happened before, but its fairly rare and i think when you look at health care being up big today, yes, you can do a direct you can point directly to super tuesday and the nominee looking more like its going to be biden, which i guess is nice so now we have a
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite as ugly as it was here yesterday. We are less than by t
Yesterday was 2500 executives from Regional Banks in orlando. I was a keynote at their conference and i love to do these things because you learn so much going out, start with a brake light of chardonnay, move to caber nay for dinner, and heres what i learned. This assumption that were going to get this regulatory relief, turn that switch and get instant earnings acceleration, is completely wrong. Heres why. They spent 1 billion as a collective implementing all the regulations into their systems, their logistics, their software, the compliance, the reporting, it took them three years to do it. And i said, you must be really excited about this change that could be coming. And they said, you must be kidding. Were going to have to unwind this whole thing. You will not see cash flow relief. Youll see a bigger spend on our income statements as we unwind all this stuff so dont kpt any good news. By the way, loan volumes over the First Quarter, flat. These guys are supposedly going to give us
Change in the stock price is bigger than the stock price itself. Its bringing down the entire Biotech Sector but the real warning sign for this company may not be in the stock move itself. Well explain that coming up in a minute. Well known tech investor it feels like that but its warmer today. Sitting next to me in just a moment, dan niles, hell give us his two favorite stocks right now and one of them is not in the tech space. Hell join us exclusively in a few moments. The face of the election could look very different tomorrow if donald trump can beat both marco rubio and john kasich in their own states. Were going to look at both sides of who can be the candidate for business after the florida and ohio primaries. Well talk to two former governors, Christine Todd whitman and Jennifer Granholm. The money behind steph curry, im a little bit of a fan girl. Youre not alone. I know Boys Basketball team here in new jersey, they could wear a niksz and lebron james but they are wearing step