Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
Good morning to you. Start dialing in. The New York Times that this story posted yesterday online, coronavirus cases spike across sun belt as economy lurches into motion. Arizona, texas, florida, reporting the highest case numbers yet as Assembly Coronavirus cases were climbing in 22 states amid reopening. New York Governor Andrew Cuomo yesterday democrat held a News Conference and he warned bars and restaurants of the consequences of not following state law on social distancing, masks and other guidelines. Were getting reports from all across the state that there are large gatherings, social distancing is being violated, people are not Wearing Masks. We have gotten 25,000 complaints to the state of businesses that are in violation of the reopening plan. 25,000 complaints. We have never received more complaints in a shorter period of time. P 25,000. Just think about that. Whats alarming about the 25,000 is the volume, but it also shows how smart people are and how offended people are t
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th
Stocks bad and consumer stocks great as institutions made new judgment about their growth rates in a world with a little inflation and potential Federal Reserve hikes. I dont know about the latter but inflation rates coming down. That changes the picture for many, Many Companies that report next week. As we near the end at last thank heavens of earnings season. Lets start our game plan with what might be the most telling statistic out there next weeks Producer Price index. Why that . Everything from your cable bill to copper coming down. I think were seeing prices for all sorts of things plummet. This fact will make it very difficult for the fed to raise rates to september like so many are chattering. We expect a decline in the market immediately aof any rate hike. Well probably get one. Stay tuned it will show deflation is upon us which means no fear of inflation from job growth alone and thus no reason for the fed to tighten when its upcoming meeting. How about earnings . Well, you g
I think we having criticized for doing things too quickly in our being criticized for dealings to slowly. Maybe im right in the middle of the sweet spot, but the president hit the timing perfectly and i will tell you i. One of the block and tackle things was get the money right. He has picked a cabinet full of people that no Business Operations and business functions youre listening to the white House Homeland Security adviser while we await the question portion of the daily press briefing. How to bring and frank gordon from washington. Kevin is live as well from capitol hill. Greg, the president signed an executive order earlier this afternoon focusing on protecting federal agencies to develop a plan for cybersecurity. Office throughout this executive order is about . Of the most unprotected pieces of u. S. Government infrastructure after 9 11 has an the cyber part of it. It is shocking, shocking to a lot of americans how antiquated a lot of the government equipment is around town. Th