Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from
Here is a look at the latest design. They will pitch this to the board today. They have been trying out the style at the richmond station. It was designed by b. A. R. T. Engineers. It has two fight five feet swingstyle barriers. Riders are more than ready to see these installed. B. A. R. T. Loses a lot of revenue from fare jumpers. Its not fair for those who pay. I think that would not only prevent a lot of vagrancy inside of t. R. T. Ha b. A. T. Gets the fair share and continue operating to serve the public well. Reporter this new design is a money saver. It comes in at 60 million cheaper than the gates they were considering. Theres another item on the agenda for the Board Meeting that got our attention. They will discuss creating a national truth, racial healing and transformation commission. This has been proposed by u. S. Representative barbara lee. The hope is to address racism and discuss the black lives Matter Movement and to the future we hope to learn more details about it lat
Mosaic day where lots of stocks went their own way based on the whims of traders, not investors. The nasdaq climbed 0. 2 . Well start with the stock of kroger up 11 today for ages the market has been brutal to this Supermarket Chain writing it off but kroger had an Analyst Meeting and mercy mercy me it got up after its been guiding down for years just when everyone started to give up on this one, fleeing from the stock because of competition from costco, from walmart, from amazon, by ail dlalinddi they tell us theyll earn 230 to 240. The street was looking for 219 it makes sense that kroger stock roared higher. When i spoke to rodney mcmullen, a true gentleman he made it clear many of his longterm initiatives that hes talking about to win customers are working, especially the restock kroger brand i know it sounds simple but rodney said theyre telling the story about food kroger is food first he regards it as a distinct competitive advantage and had success with personal finance initiat
After a fabulous day where the dow gained 240 points, s p advanced. 82 and nasdaq climbed. 90 i got to go there. I got to explain these universes. There is a universe with a booming economy then there is a universe with a faltering economy. One of them is a fantasy the other may be reality but occasionally they bleed into each other we can go everyone freaking out about a possible recession the market was down gigantically since then, though, we got a spade of incredibly positive earnings reports from a gigantic retailer like walmart, home depot, and now target and lowes so which universe is real . The robust one that we seen this week or the teetering one we visited, the one that had me on the today show urging people not to panic panic was the order of the day remember, panic is not a strategy lets dissect these universes, please, because they are colliding here and in the end, we know there can only be one like the highland. The recession scenario that drove stocks down hard last we
Year can it keep rolling on mad moneys jim cramer is with us for the hour the Halftime Report starts right now. It is great to have you with us on this monday. Our Investment Committee today, joe terranova,ster know, and jon najarian and cnbcs jim cramer, host of mad money. Always great to have jim on the desk earnings economy and Rate Decision front and center and President Trump firing off on the fed once again tweeting that the fed raised rates too early and too often and said a small cut isnt enough meanwhile janet yellen giving her thumbs up for a cut. Although the u. S. Is doing well, i would be focused on wanting to keep it doing well, to keep the expansion on track, and i think in light of the risks, i would be inclined to cut a bit. I wouldnt see this as the beginning unless things change, of a major easing cycle. Cnbcs senior economics reporter Steve Liesman is here as well to give us his two cents and much more, i hope. Its a foregone conclusion in terms of what the fed will