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
Only given consideration to more recently because of the phenomena. Well end up meeting the ceo a couple of months or whatever after we have made an investment it puts greater burden on us for Due Diligence and for the backgrounds of the people who are involved and the experience. Its probably going to end up with some good results actually. Thats interesting. Weve had some discussions on air about the degree to which lack of persontoperson meetings means can you close on a house, can you close on a transaction, but youre saying its not necessarily a deal killer it definitely is not. I think that will be for early stage companies. The Later Stage Companies where theres more substance involved and theyve been around longer is a bigger problem. Were in the early stage, a round, b round, period i think well have less of a concern about that we also obviously are focused a lot on follow on rounds for our existing portfolio which is fairly extensive at this point hi, alan, its jon fortt, go
The g10 space. All european bonds selling off and oil getting wrapped up into all of that. We want to highlight all the market moving news from our washington dc offices. Washington, where you have President Trump speaking last night at a fox the conference about responsibility of china with the pandemic. Pres. Trump we have a pretty good roadmap right now. , we have to 60 protect his people. Maybe they stay back longer. But i think you can have it both ways. I think a lot of people want to go back. They just want to go back. Alix Kevin Cirilli joins me now with more. What else did we learn from the president . Walk this forward now that the senate is coming back to d. C. Today. Kevin good morning. The president in that fox news town hall making a declared a statement as it relates to negotiations with lawmakers, saying he would not support any economic stimulus lesson it includes a payroll tax cut. Drawing aent clearly line when it comes to a payroll tax cut. Predictionssed the for th
Volatility. If folks as we kick off the final hour of trade, weve got the dow adding 430 points of losses to yesterdays 240point drop. S p is down 47. Weve got the nasdaq lower by 194. Russell 2000 down 44 points. That is the worst percentage drop here of all of the majors, more than 2 down. And we show the vix . Weve got to look at the vix, because right now, as you see, youve got the volatility index up 7. 7 right now which means we have seen a 2day move that began sort of later in the session, and weve got that, i believe its about 13 higher over the past 48 hours. Right now were at 14. 71, still historically very low. Headline number two, the stock stories shaking the markets most, humana is the worst performer on the s p. Right now weve got it tanking about 13 . Updated word from the government that the new 2025 reimbursement rates for Medicare Advantage payments will remain unchanged at 3. 7 despite massive pressure from the sectors lobby is. Humana, which has the most exposure t
Passes a short term funding bill bitcoin is cratering this morning and its the final session before a threeday weekend. Look for news dumps, europe is mixed and durable and consumer income a slight miss more data come in an an hour bitcoin down for first week since 2013 as Goldman Sachs throws its hat into the crypto ring. Shutdown avoided in washington for now waiting for President Trump and go live to d. C. For the latest. Eric schmit stepping down for his role as executive chairman at alphabet. What that means for the company. Bitcoin is the lead today extending this weeks bearish run hitting a record high on sunday the crypto currency tumbled sharply in asia and wiping out a fourth of the market value in a 24hour span 12. 5 is the price people are looking at for the week youre looking at 30 drawdown as our friend josh brown stepped in. Doesnt get you back to thanksgiving it was about 8,000 when it really started to lift off in late november, early december. Should have had so many