You cant when the nasdaq is running like this. A 7 gain in index, you almost have to realize everybodys price target has to come up. Its baffling and confusing people who are not in the stock market but making a lot of sense to professionals who realize oh, my, god to chase. Yeah. Banks will get jp morgan tomorrow theres a lot of discussion about the commentary will matter more but also the idea that because of where estimates are, you could see some upsize to prizes another upside out of bsf. Jp morgan, the whole group is insane Goldman Sachs goes from 190 to almost 210 its almost as if people said, find me something that is not crazed my issue will be loan losses and possibly dividends and i think a lot of the chatter i listened to wilf this morning but a lot of the chatter is if people are getting more stimulus and money is being pumped in, why should these Companies Pay their dividends . I personally think theres no problem but that wells fargo dividend news shook people up. Hey, c
California also dramatically rolling back. Indoor dining and bars across the state. Staff to asking retail work from home as the company forces more Stores Across the covid19. D shipping joining us to break it all down and talk about how this hit the market today, Bloomberg Markets reporter Abigail Doolittle. Talk to us about what drove the drove higher than sharply them back. Abigail a big aeration reversal having not so much to do with the virus. 500, the s p p 500, the highest level out of the air market. The bigger show was for the tech space. The nasdaq at one point up more than 2 , closing down more than 2 . Those indexes so tightly wound, record high after record high, including today. Overbought, overextended. There were also some headlines out around the u. S. And china that seemed to help the selling pressure continue. With that, we had bonds trade higher. If you take a look at it on the day, netflix a perfect example. Today, earlier today, netflix had been up about 4 , closi
Growth is slowing down due to the outbreak across the sunbelt. We have been at one point up 6 . Were now up 0. 7 . At one point we got to the highest level since the pandemic began. Ahead on todays show, stocks seeing a big rally to start the week Jeff Rosenberg of black rock says the bond stock model does not work in this environment he will join us to discuss where hes putting his money to work right now. Plus, entertaining in the age of coronavirus. Well speak with pitbull about how artists are navigating a World Without live events, and his efforts to help latino businesses lets focus in on the big stories with 59 minutes left of trade. Bob pisani tracking the action phil lebeau is watching the surging stock prices of electric vehicle makers joining us with his thoughts on the race for a vaccine and the biotech name is michael ye from jeffires start us off with the market with the dow up 400. We have had a remarkable run in the last three weeks or so, sara, with mega caps, semicond
The watch list counties will be required to shut down fitness centers, indoor services, places of worship, offices for nonessential workers, hair salons and indoor malls. Melanie woodrow has been following the story and joins us with the newest developments. Melanie . Reporter kristen and dan, a big step back as you say, indoor activities including Indoor Dining is now off the table for all of california. The governor has also ordered the closure of additional indoor sectors for those county tas are on the watch list. The governor dimming the switch on californias reopening. Thisirus isot reporter announcing all california counties across the state will close Indoor Dining, wineries and tasting rooms, theaters, Family Entertainment centers, zoos and museums, card rooms, and bars, which must close all op this includes san mateo county, which had resumed Indoor Dining. We were able to suppress the spread of this virus. We were going to knock down the growth of this in the beginning. Were
Get started here this morning. Look, i think that we are actually experiencing something that we havent lately which is that the analysts are almost entirely positive, and yet there is an underlying current both from the unemployment claims, which they are never going to be good until we get a vaccine. And also a general on wee that we dont have it under control, there i am talking about covid19 so why own anything . I think that thats an incorrect view there were many many piece this is morning that talk about what i can only say i am going to borrow a term from larry kudlow, green shoouts. There is much thats good in the economy. It is just not where we thought it was going to be, david. It is not all encompassing, but there are some areas that are very strong. All right so go over those and explain to me why they are not what we thought they would be. I think we thought travel and leisure would come back. That cruiseships would come back, that there would be Corporate Travel only on