S p 500 essentially flat year to date nasdaq up some 19 59 minutes left in the session, sara coming up on this friday afternoon, weve got a series of great gifts for you. Red finns stock was on fire the stock selling to have day on the companys cautious outlook as the ceo says the bottom codrp out on the economy were going to talk to glenn kelman in a few minutes. And then apple once again, the Biggest Public Company in the world, surpassing saudi ramco. Continuing the historic run. The market cap now sitting above 1. 8 trillion. Its up over 8. 25 well talk about what an investor should do with this stock next lets focus in on the big stories that were watching. Mike santoli looking at the market and the tech stocks surging to day kayla is looking over the next stimulus package first to you, mike. The story from the morning was that Great Results from the big four of tech did not really lift all votes did you have weakness. Sold a strong open the market firmed up in the last hour or so
Whether to amend that with a bigger proposal because we all know a bigger proposal is necessary, but ive decided were going to go on and vote as soon as the senate can get permission to vote on the bill that came over from the house, send it down to the president for signature and thus reassure the people around the country that we can operate on a bicameral, bipartisan basis quickly. Second, we will not leave, the senate will not leave until we have passed yet another bill and clearly, that will have to go in two steps. As i indicated earlier, First Senate Republicans and the administration are going to try to reach an agreement on what we think is best for what could best be described as phase three. Then the senate being the senate, we will sit down with our democratic counterparts and see what we can agree to. We will not leave, the senate will not leave town until we have processed yet another bill to address this emergency. With that i will be happy to take a few questions. Repor
Trust me, would you be hit no matter how much youre invested. Fed kicking off twoday meeting. The issue isnt whether they will cut but how much they will cut. Consensus is quarter point in Interest Rates you never know. Fbn Lauren Simonetti is with us. 25 point basis cutter is considered bake in the cake. Markets predict 76 chance is the size we get tomorrow. President trump wants more. I would like to see a large cut. I would like to see immediately the quantitative tightening stopped. See the tightening stopped. Stop the quantitate tightening and raising rates was a big mistake. He says they are doing the opposite of quantitative tightening. Theyre easing but injecting money into the economies difficult making it for the u. S. To compete. The u. S. Is with ongoing trade negotiations with china impacted both countries. Take a look at this, the impact for consumers would be marginal. Greg mcbride, bankrate. Com says a cut would reduce the minimum Monthly Payment on 5,000dollar credit c
To come next from the fed. No signs of relief with the 10year still at 469. The 2year at 5 . We saw that yesterday morning on the hot data that was hotzer than had been anticipated. Price of bitcoin down substantially, just holding at 57,000. And then gold prices were down by 2. 3 yesterday. Theyd been hitting new highs, this morning sitting above 2,300 an ounce. Then you have crude oil prices with continued concerns in the middle east. At this point, down by almost 2 as well. Maybe that leads to questions about what the Global Demand is. 80 . 39 a barrel. Police cleared an occupied building. Columbias president has asked the nypd to maintain a presence until may 17th to prevent further encampments or okay pages. It was extraordinary just to watch the police going in there, taking these kids out, protesters on all ends of it. Its unbelievable. I know, obviously this is spreading across the country. It happened a little earlier in florida. It didnt seem quite as jarring for some reason.
As part of our road to health series, were welcome to please the sheriff from st. Charles perish from louisiana and fight crime investing kids which helps prevent children from going down the wrong path. And ending up in jail. Sheriff, good to have you on this program. Thank you. Tell me about the program. Fight crime invest in kids is a Nonprofit National organization. Its a Child Organization of the invest in counsel for a better america which has been formed by prominent military, Law Enforcement, coaches, Business People and it doesnt seek government money. What it does, it highlights Government Programs that truly work to prevent crime and reach out to Young Children and kids at an early level so that we can get them upstream and prevent crime with them and help them be better citizens and better lives. What kids are we talking about . We hear at risk children. Im not sure these day whats that means. What kind of kids are we talking about . You and i probably had great parents who