Like a market rather than an Amusement Park ride. The dow gaining over 200 points and the nasdaq climbing 1. 6 im calling it a refreshing p e pace the options are hanging in i think because the market already crashed. People dont get it. We went from down 29,000 to down 18,000 in a couple of weeks. February and march were hideous. Its okay april gave us a little bounce package good stocks and the railroads and even a casino. Las vegas sands. I didnt know you could go to one. Next week is a tougher one household names have run up substantially. Its going to be a true test were going to here from nxp semi theyre a chip maker with a window to apple. Listen to what they have to pay. I think they have too much auto exposu exposure, but its worth focusing onto for insight into apple. Pepsico reports on Tuesday Morning. We know cocacola saw adecline on soda post quarter because the restaurants shut down. Even as home consumption was up. Pepsico is more diversitied. They own frito lay, and whe
Student loan debt and new york orders 100 of the states workforce to stay home except for essential sftss. California, illinois and United Kingdom asking residents to do the same moments from now, he runs the largest restaurant in the world. Mcdonalds ceo will join us for an exclusive interview to discuss the companys response to the coronavirus that live interview coming in just a few minutes lets focus on the big stories we are watch iing. Mike tracking the market moves in the final hour of trade bob pisani on the unprecedented week for stocks. Meg has the latest on the coronavirus. Mike, first to you on this Market Action on the final weekday of a crazy week. Its still skittish there was a couple of days we were able to pull out some clues of stabilization a chart of the s p 500, we keep going back to the levels of tight end 2018 right back there now i think you can look under the service and say the market was trying to differentiate. We had perhaps a lull in this heavy liquidation
Welcome to new york. Its been waiting for you. Welcome to new york. Welcome to new york. Welcome to new york. Its been waiting for you. Welcome to new york. Welcome to new york. Lauren welcome to fbn a. M. What a shot of times square, getting ready for the big ball drop today. Thank you for joining us, im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren final trading day of the year e investors are looking at what could be the best year in six, even after yesterdays selling, dow up 17, nasdaq up 4 andahalf, volume expected to be light today. Cheryl asian markets, they have closed the books on 2019. Thanks to progress in the u. S. China trade war, the shanghai index had the best year since 2014. The nikkei, kospi are closed. The shanghai, slightly higher. Hang seng under pressure. Lauren in europe we have red on the screen. The ftse is down 1. 1 , the German Market is closed. Cheryl lets take a look at how the major averages performed over the last decade. Look at this, f
Swing up to 50 points. This is going to be a bit of a wild roller coaster this morning. We are anticipating more comments coming from the president as he continues to have these meetings at the g7. This can be very far, wide ranging and a lot of things can get comment on youll see the futures potentially move around on all of this. The nasdaq is up by 82 points. S p up by 20 coming after a big down day on the markets on friday when the dow was down by 623 points that pushed the major average down for four weeks in a row and you are looking at august being a month where well see declines very likely. The only other month we have seen declines is the month of may. Ten year looks like 1. 49 . The two year 1. 45 obviously these markets keying off everything thats happening out of the g7, too lets get right to aimen javers in france at what has been a wild and memorable meeting aimen, good luck wrapping this all up for us. Reporter yeah, absolutely, becky. Let me start with the comments the
Welcome to power lunch. Heres where we stand with the markets now. Look at this the dow here right near session highs, higher by more than 300 points that was after yesterdays big market comeback really starting staging momentum in the afternoon. Tech driving the rally today nasdaq up. And check out defense names like lockheed martin. Both hitting record highs today. Higher lockheed by 2 . Northrup by more than 2 despite the fact stocks are rallying right now, slowdown fears are still looming like a dark cloud over wall street. Steve liesman joins us with a rapid update on gdp. The numbers in the trailing quarter were good. But what is the future well, the trailing squaurt is where the action was this time around added inventory and this is the most boring part of economics, but may be the most influential. We had a run off and it ran off more in the Second Quarter remember the 2 from the government when it first came out . Were down another tenth when others were down another tenth to