What may be the most important stock in the market right now. The roller coaster ride that is crude Oil Continues last night, july falling below 18 a barrel a lot going on on this wednesday, april 29. You are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. Im Brian Sullivan here is how your money and markets are setting up their wednesday. The dow did fall a bit yesterday but as bob pointed out, many thought it was a relatively good market day for this reason it wasnt just the four or five big cap tech stocks leading the way as they always had been. Banks, small cap stocks, which had been notable underperformers were actually stand outs some people want to see that kind of rotation today, Big Cap Technology could be in focus. Following googles quarter which wasnt as bad as some feared, stock up nearly 8 premarket. Oil on a macro level becomes the metric to watch. Crude oil in the frontmonth contract, which is june, is tradin
Because there is some, not a lot but some cautious optimism starting to trickle out around both the markets because they ended their day and they ended their week higher as well. Perhaps some hope on the horizon about america getting healthy and getting working again. But tim seymour with 22 million filing for jobless benefits in just the last three weeks wiping out a decade of job gains, no doubt some very hard Economic Times for millions of people still to come. Is there really any good reason for markets to be rising like they have been i think its a liquidity squeeze. Its been a skepticism trade that has squeezed markets higher it has been a combination of the Federal Reserve expanding its Balance Sheet to 6. 1 trillion. Its been all of this well ahead of the recession frankly its been a dynamic where i think the positioning of markets allowed markets to push on higher it doesnt change from where we are but obviously we started all this on covid19 as weve gotten more clarity on cov
Marco rubio will talk to us about the stimulus plan and whether it doesenough for smal business if youre out there and not a professional investor wondering what to do in these tumultuous times, dont worry, realworld pr practical advice, with suze orman. Scott chef feeshlgsd the ceo of Pioneer Natural Resources will join us along with Janice Henderson ceo dick wilder. It is a big hour, but weve got to start with the markets. The dow closing up about 1300 points and yes, its best threeday run since the 30s. The only problem with that is were also coming off the worst threeday run since the 30s and you have names you know and need to hear from we have put all of the allstars together, we have guy, tom, b. K. And steve. Everybody, its great, wherever you may be to join you on this tristate edition of fast money. Guy, im going to begin with you. A nice rally and you guys all said we could have the violent rallies to the upside, but not to throw water on it, we still have a vix around 60. I
A 1. 07 handle. On the stoxx 600 we are up 0. 7 , near session highs. Vonnie china now makes moves to stimulate the economy, including possible bailouts for hardhit industries. Continuing to shape our schedule and we are seeing strong demand. I do think we will have to take some additional provisions. Demand is holding up. We are shipping all of our product. Prices have held up. We will see reduction from next week onward in china we will see production from next week onward in china. We are diversifying source of supply, supply chains. Asia is a growing market. We are not abandoning it. Vonnie for details now, lets get to rishaad salamat, coanchor of Bloomberg Markets asia. People have been lost here. Is a human tragedy, but it has got corporate victims as well. Hna g last few minutes, roup, which went throughout a spelling spree in the last decade, it looks like the coronavirus may be the tipping point. Moment, looking at purchasing this company and taking control of it, even though
Hathaway and mcdonalds is the biggest drag on the dow. Coming up on the closing bell, uber results are after the bell. And we will have a live and exclusive interview with the ceo of the company dara cache sha hee you dont want to miss that in one hour keith, great to have you here. Great to be back with you another record day of highs for the s p and nasdaq and now the dow which we havent seen a new record for the dow since midjuly i think we trade higher into the end of the year for lots of things going on. If we start getting capex where things are going with trade talks, then youll see this rally not only continue through the rest of the year but into 2020. All right all right so it is an incredibly busy monday for the markets and your money. Weve got the record highs that morgan just talked about bob is all over that youve got michael santelli. Kate rogers all over the mcdonalds ceo firing. Courtney reagan on the under armour story, and were joined with a new look at what Td Ameri