About how his company is positioned. And speaking of 5g, the chip industry stands to benefit from it all i talk to a guest on everything from trade to more. First, Steve Mnuchin downplayed the chances of a stimulus deal before the election. Lets get the latest on Market Movers with abigail doolittle. Emily it was another topsyturvy day and officially a bearish reversal third stocks open higher prior to Steve Mnuchin getting those comments around stimulus target to reverse lower. Once those comments were out, a stronger leg down to investors a little unnerved by the idea stimulus may not get done the election but there are nuances suggesting maybe some of the skinny deals will get done. 7 the500 is down nasdaq down. 8 . The data transport really helped out by the airline. Perhaps again on hopes around the idea that some sort of deal for the airlines could come through even though some sides are saying that cannot happen. Crude oil also happening so you could bring in the idea of a reope
Happen late. These briefings of course have been quite controversial with the president sometimes contradicting the scientists standing right next to him and also pushing treatments that have not yet been proven. The president as of yesterday has started urging americans to wear masks, saying to do so is patriotic. All that said, stocks, mixed picture today. Tech leading the losses. Abigail doolittle has been breaking it down and watching the action. Abigail another jittery day and another day where this is not a satisfactory answer, it does not feel like a satisfactory answer to some. It is very hard to say that yesterday was risk off and therefore you had technology and stayathome leading, and today is risk on. If it was a strong cyclical rally and the sectors that were higher were those cyclical sectors such as energy, financials, industrials. A stronger gain has to do with that tech laws. Nasdaq down 1 . More jittery action, that tells you lots of uncertainty as we head into the st
Woke hypocrisy . That and much more on making money. Charles all right, folks here is what i think are three main reasons for todays steep sell i dont have. Stocks got too expensive, short term, bottom line. Last week we saw the stock market put it in the best 50day rally in it history. Guess what . It only got stronger. It got parabolic. That is chance that weve seen best 60 days ever and pullback was way overdue. Second, the Federal Reserve refused to lay out concrete ideas how they provide extra hope to prolong the recovery. Wall street wanted more about bending that yield curve. Third, investors are waiting to see how much cash begins to circulate in it economy. I want to bring in two of my favorites, wallser, rebecca wallser and keith fitzgerald, principle his group. Keith, before you start, from march 23rd to the peak this week, s p was up 45 , dow up 47 and nasdaq up 46 . I like to remind people occasionally markets go down. Thats the thing. They stink. Theyre uncomfortable. Its
Order calling it unlawful, invalid unenforceable. Could this open the floostates it is thursday may the 14th. Early today starts right now good morning, im david gura. Im frances rivera. A Top Health Official at the World Health Organization warns coronavirus may never go away as it resurges in some countries. The virus has now claimed the lives of almost 85,000 americans and has infected nearly 1. 4 Million People beaches in Southern California reopened to the public under the new rules people Must Wear Masks if theyre not in the water. Sunbathing is still prohibited. Pharmacists will now be able to order and administer covid19 tests. The doctors approval is notn wn will have to keep tabs on patrons as part of the reopening plan they must keep a log of all customers served along with their phone number Officials Say its to facility Contract Tracing if an infection spreads. And the urge to set sail is kicking in according to carnival cruisings bookings for august has shot up 600 there
God i was in the room when he came. The workers mother says her son had no history of violence. And nofly zone. Were at one of americas busiest airports where millions of travelers will soon find there are no plastic Water Bottles in stores and restaurants. Its tuesday, august 20th, 2019. Here is todays eye opener. Your world in 90 seconds. Jeffrey epstein signed a will two days before he apparently hanged himself. More fallout from epsteins death behind bars. Court papers say epsteins estate is worth half a billion dollars. There are no details on his beneficiaries. Today is a day of reckoning. A new York City Police officer has been fired for his role in the chokehold death of eric garner. You may have lost your job but i lost a son. Planned parenthood is rejecting federal funding rather than comply with a new rule that bans them from referring women to an abortion provider. Senator and president ial candidate Elizabeth Warren apologized again for making claims about her native ameri