That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically shaming the analysts, virtually surpassing the entire ran
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Today. Lets go to the boards were not at the best levels of the day. Nonethele nonetheless, were hoelding onto pretty good dangains. The dow is up. Nasdaq has some profit taking today. Its been the big winner apple and microsoft and amazon giving a bit back along with some of the other names as well. Pete, im going to come to you first. Youre the one who had more stocks than you had in a long time where do you see things now . Friday have generally not been great because no one want toed go into the weekend feeling long then you had the gilead news last night you have boeing starting next week you have more plans to reopen even in a slow fashion where does this lead us as we head into the weekend . I think people want know how they should be positioned thinking about what could happen next week. Its nice to have a light at the end of the tunnel, so to speak, or something. Some sort of light thats what we got out of gilead last night we had move last night long before this morning. We w
And louisiana congressman whip Steve Scalise on the new immigration rules coming out of the white house and Energy Secretary rick perry. The president promoting turning natural gas into plastics, you dont want to miss any of those fine gentlemen. Lets take a look at the market, futures pointing to low e open this morning, 86point loss on dow futures, losses across the board after bruising week last week and bruising start of the week with dow shedding 390 points, Goldman Sachs issuing warning on trade, does not believe u. S. And china will reach deal before 2020 election, treasury yields tumbling in yesterdays selloff amid global worries, trade fears, you take a look, 1. 3 , i said this yesterday, 1. 3 is the record low on 10year treasury, we are not far away, jon, your reaction with what really started last month in terms of a trade war and now currency war . Jon worried that we could be heading toward a recession, i was looking for confidence calls yesterday and youre starting to see
President donald trump set to appear in washingtoned to claiming he knowingly made false statements from the 2020 election. Carley now his team is moving the case out of washington d. C. , arguing he wont get a fair trial there. Brooks, brook, good morning. Thats right, President Trump and attorneys are warning of a potential bias, jury could have against him, trump taking to his truth social writing, the latest fake case brought by Crooked Joe Biden and deranged jack smith will hopefully be moved to an impartial venue, west virginia, impossible to get a fair trial in washington d. C. We are learning about the six coconspirators listed in the former president s indictment brought by Special Counsel jack smith. A lawyer for attorney john eastman tells fox news he believes eastman is coconspirator number two. The memo cited in the indictment claims eastmans legal memos to former President Trump contributed to his alleged attempt to over throw the 2020 election. But eastmans attorney main