Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
Higher in early drtrading after yesterdays 700 plus point loss on the dow but then the dow started pulling back at one of the nations largest states officially hit the pause button on its reopening. It is texas. Texas now stuck at phase three statewide. They are banning elective surgeries in four counties including dallas, as austin area hospitals warn they could reach capacity by the middle of july. The rapidly spreading virus is not stopped in its tracks. Coming up, ceo of classic stayathome stock identity and password management star okta. The ceo is here with a covid19 shocker. What many people are still not willing to do even in the face of new outbreaks. But the pandemic is actually providing a boost to polaris. They are facing a supply crunch as demand for the Great Outdoors kicks into high gear. The ceo of the atv giant is here on what hes doing to keep his recreational vehicle giant from going offroad. From too much demand. Kind of a good problem to have. And brady versus port
Behemoth consolidates a space under going massive upheaval it started with smaub cutting commissions to zero. Sparking a flurry of headlines over the frantic race to the many bottom. With the news of the deals between the two giants mass the race to zero become a sprint for survival guy. I dont know. Hello, mel. Hello. I dont know if its a race to zero or sprint to survival. Its genius by schwab. Dan nathan alluded to it a few weeks ago. Schwab was genius, cut rates to zero watched the keters go to zero in terms of stock td amerd trade went from 50 to 32 in a straight line. And then making this announcement they are probably buying the stock or company at levels they wouldnt have been able to buy them a month or so ago good for them. This makes schwab a huge forepersons in the business. And the play. They are a force. Even more so now. En and quickly i think people say etrade next to go not so fast. There is room on the downside. The Second Derivative play, Morgan Stanley, for example,
Constituents how she has navigated her own constituency. Beyond that i spoke with patrick mchenry, a prominent republican commit republican member of the House Financial Services committee who told me the dynamics of whether or not this becomes a constitutional crisis has not been changed. The president emboldened by a poll that found he is still enjoying high supports by republicans in his party. A likely sixday week trial in the senate and this could be wrapped up by sprite a likely six to eight week trial in the senate and this could be wrapped up by next spring. David i want to pick up on president s tweet about nancy pelosi. Fit,d she had a nervous and help the homeless in your district. Hasiously the president refrained from getting too personal against closely. Does this reflect a shift . Kevin it does and it reflects an emboldened feeling from inside the white house that they are not at risk of losing republican support. In terms of the calculation republicans are making behind
Betweenhe u. S. And china dampened investor sentiment. The markets re after chinese president xi called for better communication between beijinggt and wash. The Dow Jones Industrial average was up 109 points. The nasdaq added 13 and the s p 500 rose 6. But it wasntnough to lift the indices for the week. First thing this morning, there was a headline from the wall street journal that got just abouteverybodys attention. It read bridgewater bets big on market drop. Now Bridgewater Associates is the Worlds Largest hedge fund with about 150 billion under manaorment. The r said the fund had purchased roughly 1 billion worth of put options, a bet that would, a bet that the market would go down. Around middabridgewater rest. Er ray dalio put ito its wrong, i want to make it clear that we dont havech any et that the stock market will fall. The wall stre journal said e arti made it clear that the trade wasnt a bearish bet the market but h rather age against exposure to the equity markets. Its th