Alphabet is up about 11 year to date amazon is up 50 this year you have to wonder if it is the revenue that will be hit particularly hard as travel remains under pressure and they get a good chunk of revenue from that sector. His tweet was on may 1st, the stock closed at 701 that day, were getting new details on the ppe program. Yeah, were waiting the release of loan recipient names. That should be about 13 of the recipients in the program. Here is what we know about ppe after as you mentioned the president signed that extension over the weekend 4. 9 million loans were guaranteed the average loan side was 107,000 about 30 billion in loans have been returned or canceled. Those that fall into the category will not be on the list that we are supposed to get today. This is supposed to be how many employees were in the company when they applied for the loan many businesses are facing deopenings, well be back with more as soon as we know it thank you, kate. That is a good way to get into sto
Lives or were injured. He said by and large the vast majority of the Men And Women are decent honorable people. What did he mean by that . That is exactly what he meant. How can he take steps to unify the country while the Impeachment Trial is going on . Well he can focus his efforts, which is exactly what he is doing, on delivering necessary relief to the American Public and using his forum to talk about how he is going to reopen schools. How he is going to get shots in the arms of americans. How he will ensure that the one in seven American Families who are. What is his message to republicans that say that the trial is undercuts any efforts. He invites republicans to help bring relief to the American Public. Talk about his agenda, President Biden has been signing executive orders, speaking to the american people, focusing on the senate next week. How concerned is he that the senate trial will undercut his momentum . I think he has been clear that there is an urgency to delivering rel
On his tweets. A feel good story i cannot wait to talk about. The ceo who is putting veterans back to work. All that and so much more on making money. Charles stocks in the green. Investors digest positive earnings reports. Economic data continues to be positive. You know this week weve been focusing on a couple themes, right . Investment rotation, major breakouts how i think wall street is pricing stock market were learning to live and prosper while coexisting with the virus. Where do we go from here . We want to bring in phil blancato. Your assessment with were seeing in this market. I think we have rotation going on. Cyclical stocks, value names but the break out has been impressive. It has. Were only down 4. 25 on the year. Incredible to see how far weve come. Youre seeing most undervalued names, those left behind bounce back, particularly the banks. Theyre having a difficult year. Im less excited about materials and industrials but that is it an area of the market that is showing
Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
Unemployment. Well talk with Eugene Scalia coming up. President trump is set to land at Kennedy Space center this very hour, to watch the historic spacex to become the first commercial company to send astronauts in orbit. We will have discussion with space should telecom mander. Chao. More and on making money. Charles the dow is leading the way all session long as reopening optimism is reflected in this what we call the market rotation, cyclical stocks are doing better as main street gains in the economy. Rotation is also the theme of the week. We saw some bonds into stocks be. Defensive stocks into cyclical stocks that just mentioned. Growth into value, about the big question is can overall value continue to rally as tech stocks head in the opposite direction . I want to bring in kaltbaum Capital Management president , fox business contributor gary kaltbaum. You love to tech stocks. Made a ton of money particularly in chips. Looks like theyre toppy at the moment. Are you moving out of