Together we have been observing 8 minutes, 46 seconds of silence apts the Stock Exchange in tribute of the life and legacy of george floyd and the movement his death has ignited. Well have full coverage roho tayere on cnbc. Well be right back. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. I want to welcome you back to the Halftime Report i want to take you to the wall its about 11 minutes, 12 minutes past 12 00 its a mixed picture on wall street 27,315 is a los. Nasdaq bucking the trend today taking a bit of a breather as the value stocks join
Board. We are off the lowest levels of the day. The dow is at 25,290 there is the nasdaq. Concerns about the virus and new hot spots around the country are part of the conversation as i look at moves, i see a lot of buys that suggest youre optimistic about the reopening of this country. Yeah, thanks scott. When i look at my portfolio as a whole, i have a heavy bias to the nasdaq 100 the qqqs which have done so well i think that as we are reopening that if you look at technically, a lofts tt of stocks like south six flags, they all look similar. They are starting to make higher lows and higher highs. I think as the reopening happens, this is where theres still risk but we think its compensated risk longer term to own some of these epicenter names that we think as the summer happen, as the reopening is happening, i dont feel comfortable just owning the nasdaq 100 and sitting in apple and microsoft and amazon i want to diversify that this is buying low feels like. Theres a million reasons
It came down, 13. 3 . The government says the resumption of Economic Activity at the end of may led to an increase, repeat, an increase of 2. 5 million new jobs. It was supposed to be a loss of eight million. Clearly a lot of people were recalled to work and went back to work. Now, to say this is a surprise is the understatement of the century. I will say this. The recovery is obviousily a lo stronger and faster than anyone thought. Back to the numbers. Dow industrials going to be up over 600 points, about 2. 5 . The s p will be up 1. 6 , 50 points to the upside. Even the nasdaq has dragged out a small gain now. A little pressure on the techs earlier but they turned around. Lot of green on the nasdaq. Its up 29 points. At the opening bell today, the dow will be roughly 8,000 points above where it was on march 23rd. Its the most explosive rally in history. And just tweet, this is a tweet just in from the president , he says he will hold a News Conference at 10 00 eastern of course on th
Economy. More than two trillion more in programs today to support business and the bond market amid the covid19 out break. Fed chair powell saying the economy and the recovery can be robust this after another 6. 6 million americans file for jobless claims that brings the total over the past three weeks to nearly 17 million. Take a look at oil it was surging earlier today but pairing those gains now, its now negative on conflicting reports on whether or not opec has reached a deal thanks. We have all the big stories covered today. Crude being one of them. Its down 5 well have more in a moment. Bob on the markets and kayla tracking the moves in congress, which didnt happen today. Bob, we kick it off with you we are just off the highs the banks are lagging. Banks, retailers, just off the highs for the Dow Jones Industrial average bank, retailers and real estate doing well energy has been lagging a little bit. Were awaiting for details on opec and the deal or no deal we dont know yet. Ther
Our nation shutdown, this group is under serious pressure. Well get the latest from former macys ceo that is coming up this hour. We begin with latest developments our reporters are standing by to track the action for you kayla following the passing of ta that recovery bill in washington steve is breaking down the moves by a very busy fed kayla, lets begin with you. Reporter after a chaotic 24 hours and a few couple week of tense negotiations, this lbill passed the house in under a minute with a chorus of voice votes supporting the package you saw bipartisan leadership from the house of representatives signs this bill, entering it into the official record on capitol hill from there its going to be sent over the the white house the legal team will review it there. Im told by a senior official that President Trump intends to sign it as soon as possible and that you may see a photo op of him doing that those details are still being worked out what comes next from that . Obviously, you hav