The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
800 points at its low as states like texas and florida roll back their reopening plans. The dow and s p now back in negative territory for the month of june. Does this take the vshaped recovery off the table, guy . Hi. Hi. That was a great toss from sarah to fast money. The market had a vshaped recovery, but the economy anything but weve talked for a while now that the Chasm Company the real economy and the stock market continues to widen out, until today at least i think somehow that gap is going to be close. Unfortunately i think its going to be closed by the stock Market Selling off. In terms of what happens today, i think the fact that states seem to be putting the brakes on things is a huge part of it, but dont discount at all the news about facebook i think we can come back in the fall and go back and say on june 25th when verizon started to pull ads from facebook, that was a significant event in the market 27. 90 in the s p 500 is the number i keep coming back to i dont think it
A look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thursday retreating still losing more than 2 percent on the day as Oil Prices Also fell lets move to asia where the shanghai composite is just slightly down for the week closing the week nearly flat this following a huge loss on wall street on fears of a 2nd wave of coronavirus case in the u. S. As we just mentioned and in hong kong the hang seng is also down for the week following similar trends over concerns of coppa 19 and the Federal Reserve i know its a great well stay put at near 0 until 2022 now the index fell 2. 3 percent at one point on friday alone following a 7 session rally now the nikkei in japan is also. Down followi
This hard to take some from somebody if you know have some replacing. We want to do this interview today and all these market move and then they take me. Off the area. So how can i tell you stop selling drugs if well hear something put the money in a box. They just mean life has almost been basically a color speech for the worse do you guys know what sickened me security positions over the last year let. Me again. You see people get all their cars and ill see you coming in the harness seems like theyll hurry up and run into the house like they dont want to they dont want to talk to her get your mail or anything like that. Thats what im going. To try every day. This is boom bust the one business show you cant afford to miss friendship or in washington coming up markets across the globe have been taking a beating this week as renewed fears of a 2nd provirus wave and dimming optimism are dampening hopes of a v. Shaped recovery plus we take a look at how gold is fairing amid these Turbulen
This is boom bust the one business show you cant afford to miss in washington coming up markets across the globe have been taking a beating this week as renewed fears of a 2nd provirus wave and dimming optimism are dampening hopes of a v. Shaped recovery plus we take a look at how gold is fairing amid these Turbulent Times in which nations have moved to boost their gold stockpile and the demand for oil has been recent months but what has been the impact on the industry we have a fact show today so lets dive right in. And we will leave this program taking a look at how Global Markets fared this week at the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the room. Fell from 14 week highs against the dollar on thursday retreating still losing more than 2 percent on the day as Oil Prices