Forth with portnoy on what you say are amazing insane moves that can continue. Yeah, i mean, understand there is florida has been so much comparison in 1999, 1999 was never like this. You had a lot of crumby companies that would go up a lot but nothing like this. I mean, we have major trillion Dollar Companies that are going up at a pace that weve obviously never seen because we didnt have trillion Dollar Companies before but i do think that my friend David Portnoy hes got a big cohort saying that stocks only go up and im just giving this is frightening im giving a little bit of homage here because, yes, if you got in when davie trade got in, i mean, all youve seen is up. So its not wrong for him to look at that i mean, the guy got in i think march 23rd when he decided to take the suits on directly i got up this morning, i said, geez, maybe i should wear jeans. I dont want to be like wrong. I want to be i dont want to be on the other side of the trade of this guy. His timing is excepti
It started out boring earlier this morning. It is not boring anymore. John will do jon will do a data check. 0. 5 inaq 100 up a good the last 30, 40 minutes. I am going to say that the chancellor of the exchequer, or the egg shells, whatever it is, giving a speech in the United Kingdom really talks about the stimulus to come. That has been the underpinning to a good feeling about this market. Jonathan this is smart policy we are seeing from the u. K. , and it lays down a market for fiscal authorities elsewhere as well. Lets start with the labor market and with the chancellor is doing today. The chancellor is incentivizing the government is companies to bring back employees. They are really trying to help the young. The companies will want to be incentivized as well. How do you incentivize them . You offer them money to help hire young people. That is an important step as well. Now weve got to talk about the industry getting really beaten up. Restaurants, hospitality, tourism. The chanc
Some places are reporting record single day increases lets kick things off with meg terre terrell. Were seeing a couple days worth of data with record cases. If you look at the United States in total, now the sevenday average of new cases is starting to tick higher again meaning trends to the south and west of increasing cases are starting to overcome the positive trends coming down in the northeast as of yesterday, 27,000 new cases were reported across the United States United States. If you look at individual case, weve been getting the new case counts for today for states like arizona now up to an additional 3200 cases today california reporting 4300 additional cases today but that could be due to Testing Backlog from l. A. County we saw in the numbers yesterday. Florida also reporting record high cases today 3800 South Carolina another one of those states reporting record highs. Now in terms of the hot spots in the country, the areas with the fastest case doubling times, it is clos
This nation and worldwide, and on Bloomberg Television as well. Thrilled you are wishes for a good conversation forward to this important statement by jay powell, an update on how the fed can help america. The backdrop this morning is wonderful. Markets up. What is so important is you need to be advised. Robert miller will join us of blackrock any moment, and we are thrilled to bring you Raghuram Rajan at the bottom of the hour for a must listen interview. Jon ferro, against everything i is yesterdayters reaffirmed just in the last 60 minutes this up, up, up for the stock market. Jonathan with a defensive tilt to it. Aroundfutures up by 0. 8 . I didnt think we would see a day like we saw in the last 24 hours, where you could have a down market and still see the likes of apple, amazon and facebook up about 3 . That is the regime we are in. They are the defensive names in 2020. Apple with tom rumors, speculation of product announcements through this year, and one of those signals of corp
Major breakthrough in treating the coronavirus, a steroid that could cut deaths significantly among the sickest patients jay powell assuring the market is willing and able to backstop the economy. And finally, fiscal stimulus reports the white house is preparing a trillion dollar infrastructure package for everything from roads and bridges to 5g network. So, were these the three things the market needed to hit it big today . The three horsemen. Hi, mel. Hi, guy how are you well, i mean, they definitely helped, and im looking forward to Jerome Powells testimony tomorrow when somebody asks him what his favorite hardhitting question, what his favorite color is thats always riveting to me its all about the fed i think we all agree with that their commentary has been nothing short of astonishing the infrastructure supposed infrastructure bill, obviously, caught everybodys attention im hard pressed to believe that will get through this year given the divide we have, politically. The covid ne