Amazon apple and microsoft with a run clipped midday when the fed chair said he wasnt thinking about thinking about raising rates. Does zero forever, what does that mean for this rally at this point . Well, it means, you know, everybody said it so much splitting the at tom here. Weve very much gone the route of japan i think its absolute madness. I have no idea why he count hld have just said we remain data dependent and thats it. Ill say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for i think the fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and have n nots when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if hes saying that hes not thinking about thinking about raising rates, that were that far off from even contemplating that move. Well, yeah, it was a little mo more downbeat th
Surging up more than 60 in the past month the crude revival comes after opec agreed to extend its cuts amid positive xhuk data and demand is about to return to the market and carter worth says it has gone too far too fast. Carter, take it away this is a poor area of the market for a long time and it collapsed here with the covid cover and the first, of course, is the table and if you look at the ten sectors and it composed with the s p 500, that which is down the most is often that which is down the most and so you can see the stacking order here and energy is up almost 100 followed by Consumer Discretionary and by amazon, home depot and otherses and the s p bringing up the rear at 46 look at two charts and look at the xle, versus, the etf dominated by chevron and exxon and the 40plus percent rate and this is moved, 22 to about 44, but what you can see quite clearly is that were up against a fairly welldefined downward trend in effect for the past two or three years where interested se
The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
Decision about Education University of california campuses. Will no longer require High School Students to submit an a c t e r s a t score for admission. Thanks for being with us tonight at 8 oclock everybody im grant lodes and Vicki Liviakis to use the regents voted unanimously to eliminate the exams today. Its the latest attempt to address fairness when it comes to getting into college. The s a t and a c t exams have long been criticized for favoring wealthy white High School Students. The new policy calls for those tests to be suspended through the year 2024. As the University System works to develop its own testing standard. The exams will be completely eliminated by 2025 even if the new you see specific standard test isnt approved yet and tonight californias top educator says that longawaited guidance on how to reopen schools in the fall. Could be coming in a matter of days today, educators from across the state weighed in on what they believe the process should look like our firs
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of