The heated rhetoric not helping the markets at all as we head into the final hour of trade. Neither did the weekly jobless claims number that came out this morning. It rose for the first time in 15 weeks. Then you have goldmans morning call that apple is bruised and should be tossed from your portfolio. Weve got red acheck it here. Dow down 341. S p down 38. The nasdaq down 227 points. This china situation, American Farmers dependent on selling their product to china, are bracing to be pawns once again. We will talk exclusively to a wisconsin soybean farmer about how his business was first affected since signing of the phase one trade deal and who knows whats going to happen to that phase. From massages to a whole different business of medical testing. How one chain flipped Business Plan to survi the covid crisis. Weve got the ceof express supspa group. They have the airport chains where you get massages. Hes here to tell us how hes pulling the 180 and offering covid tests. Its a fox b
There was some faint on tow mission over traden which turn helped ease some of last weeks recession. Overall it did have a much different feel from what we experienced last week which had intense the dow was up 229 to close above. 26,0 nasdaq added 150, s p gained 34. Its only monday. Even though were in the dog days of summer, this will be anything but quiet. Bob pa san any stocks off in the new york stock exchange. We have had quite a rally over the last couple of days. The dow has moved up roughly 800 toints since thursdays bottom. Stocks bd precisely when the ten year treasury bottomed at 1. 47 . Yields came off their lows, so market. Stock that shouldnt be too surprising since stocks were movin in tandem with bond yields all month. It can be tied to savings, fears of a possible recession in 2020, a point president Donald Trumps advisors made overheweekend. High hopes for u. S. china relations are adding fuel to the rally after the white house decision to extend a reprieve given to
Volatility, a new list of top large cap longs to own a 62 target on that third one right there, uber. Mark and gene, thank you for joining us a year since the launch of the loop frontier index. Where is your head right now on what has been happening in the markets . I think that it is nothing clear headed thinking. And that is the key that i would advise people is to try to ignore some of this idle speculation that weve seen. I think just some of the movement especially in Something Like apple is a perfect example of what is in fact idle speculation. So my view is things are generally still solid. Obviously concerned about some of those global headlines. But when i think about tech in blaur, that is really my focus, what is going on this frontier tech still most optimistic about some of the small and even the Biggest Companies where they can go the next two years. And you mentioned apple because of its importance, this dinner between cook and the president , do you think that it is sig
Street really is power lunch starts right now and we do welcome you to power lunch. Im bill griffeth, were going to look at where the markets have been standing today we have been in rally mode for the most part, but as we all know from last weeks epic volatility, things can change very rapidly with any particular headline, but as you see, more than 1 gains for all three of the major averages nasdaqs wiping out last weeks losses at this point the s p, thats still 3 from record highs but you can see that some of the safety sectors have been hitting alltime highs today as bond yields rebound we have Consumer Staples, real estate, and utilities doing very well today that means theyre expecting even lower Interest Rates. I would imagine, melissa bill, thanks. As you mentioned, stocks rebounding bond yields also bouncing bab. Whats behind these moves . Lets get to bob pisani at the new york stock exchange. Important thing here, its been quite a rally in the last couple days. Look at some of
Exchange on cnbc. Im wilfred frost. Im Courtney Reagan in for sara eisen nice to have you here today not on my own. Youre not on your own. We didnt strand you today very nice i feel relaxed good to have you back here lets have a look at the markets. The fed remains center on wall street today investors continue to digest the news that the central bank will begin winding down its 4 4. 5 trillion Balance Sheet next month. Yesterday the markets did not sell off the dow was up 0. 2 . The s p and nasdaq were either side of flat there was even room for bank stocks to rally the best part of a percent. Energy is the best performing sector bottom line is markets did not sell off theyre not selling off again today. Essentially flat in the premarket. Tenyear treasury note we did see a reaction. The peak was just shy of 2. 29 yields did increase. We are just slipping down a bit from there in general, the reaction was yields up a bit, and yield curve flattening a little bit. Of course yields had al