White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Thats leading the dow right now. Jpmorgan chase, rough week overall. The cardholders, mx, visa down this week, doing better. Exxonmobil also on the upside. And the laggards, and this is like perfect, the symmetry here, all the stuff thats been the Market Leader is down. Walmart, a 52week high, new high, Procter Gamble raised their dividend, merck is up on the week, health care is up on the week, united health, apple had a good week. Its down. Weve been telling you how goldman has downgraded apple, maybe a surprise, but talked about lingering low sales and margins a possible delay, possible in the 5g phone everybody is anticipating towards the end of the year, and i think this is the most important thing, a shallower recovery hard thing to call at this point. Everybody is all over the map on that shallow recovery apple has regained almost 65 of the losses weve had, a little better than the s p 500. Its trading right now at 23 times forward earnings and if youre like me and look at the e
Points. As the pathogen makes its first appearance in new multiple countries and at this hour, on the canary islands, where 1,000 people are on lockdown at a luxury hotel, the centers for Disease Control saying an outbreak of the deadly virus in america is now quote, inevitable. Health and Human Services secretary alex azar warning we do not have enough masks and ventilators to handle an outbreak. Coming up, medical experts and reporters are at the ready to handle every breaking angle. The surprise chinese stock thats spiking right now, the two u. S. Banks telling their employees to stay away from italy, and talk that the olympics could be canceled. Less than an hour to the closing bell in this final hour. Lets start the claman countdown. Liz we have this breaking news thats not getting enough attention. We are going to give it attention. Even as u. S. Airlines shut down service to china, look at the dow jones transportation average which includes airlines, railroads from norfolk and K
Wasnt that good tony zheng has updated well intel on intel plus, what is it the kids say again. Maybe we could netflix and grill. Not quite but mike khouw grills you on a way to chill around netflix earnings. Its time to risk less and make more options actio options action starts now. All right welcome back. Lets get do it we begin with the transports like the markets hitting highs Kansas City Southern Norfolk Southern fedex leading the group. But one name says carter likely to pop more. He is at the plasma who is the name carter worth. Interesting of course the dow jones Transportation Industry has not made a new alltime hey but making 52week highs to be determined but railroads its a big part of the transport index. In addition to names like fedex and ups. But here is the Railroad Index names you know like Union Pacific. Norfolk southern, ksu. Lets draw lines. Is it this it has all the elements of that. But lets do it a few other ways. So we plunge 17 , recover 23 . And overs past ei
Wasnt that good tony zheng has updated well intel on intel plus, what is it the kids say again. Maybe we could netflix and grill. Not quite but mike khouw grills you on a way to chill around netflix earnings. Its time to risk less and make more options action starts now. All right welcome back. Lets get do it we begin with the transports like the markets hitting highs Kansas City Southern Norfolk Southern fedex, Union Pacific, leading the group as earnings season is about to kick off. But carter says one of these names is likely to pop more. He is at the plasma who is the name carter worth. Interesting of course the dow jones Transportation Industry has not made a new all time high but making 52week highs to be determined but railroads its a big part of the transport index. In addition to names like fedex and ups. But here is the Railroad Index names you know like Union Pacific. Norfolk southern, ksu. Lets draw some lines. Is it this it has all the elements of that. But lets do it a fe