Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
5 on a 30year yield briefly. Very close to 4. 90 on the 10year yield. Tom mathematics is important and we do not do methods early in the morning. From a careful analysis to looking a vector down freefall. Something changed yesterday and mathematics went out the window. This is a warning of price analysis and fixed income. Not to be inflammatory but it borders on freefall. Jonathan our price has been hammered, particularly over the last few months. 4. 8146 on a 10 year maturity. Lisa a what is the Circuit Breaker . It is not coming from washington, d. C. This not look like there will be a resolution without leadership. Job openings are coming out stronger than expected and manufacturers are also better than good. What point do you get a Circuit Breaker from something other than people who start to buy . Jonathan over on a speaker liz house, he had to say, this is wholly consistent with the broader structural concerns regarding American Local dysfunction and the countrys trajectory. Thos
Board seat hes going to join us for a live and exclusive interview in this hour. Blue apron down almost 7 this morning as the stock is further from its ipo price a lot more on jeff besos competitive muscle. Stocks are looking to make more history 68 in total and next week will be even hotter. Make or break and some companies are real stand out i look at microsoft and think they can deliver theres negative commentary about ibm. Obviously this is the last Conference Call for ge lets see what they have to say. This is a make or break week it always has been this sets the tone for the quarter. It is a kind of remarkable time because a lot of these companies are very international and we have really good numbers out of china last night europe is coming back. Some will be saved by overseas retail sales over there. The estimates though, 68 for the quarter. It was 66 at the beginning of the quarter so we havent had them as they normally do. No, thats a big change the domestic economy is strong
People to look at the market, maybe for the first time in quite some time. So if nothing else, it gets peoples eyeballs on the market. To answer your question, i still think there are sectors. And health care has been underloved for a number of Different Reasons, all of which make sense. But also on valuation, a lot of big cap phrma makes sense here. And i believe the technology which is under some pressure over the last couple weeks is now coming back with a vengeance and i do think there is some opportunities there, as well. Dan, where do you fall on this . Large cap phrma is probably a good spot. They got an initial pop right after the election and gave a lot back there. If youre looking for the yield, looking for a bit of defensiveness. There is a lot of political stuff wrapped in there, but also decent valuation. That suppospace looks interesti me. Im scared of health care, pete. Tell me why i shouldnt be scared of heart attack. The political winds are against it. Its been cheap f
Wrong with the chinese markets. The point is and it might just be the thing that takes out the rally. Well tell you how to protect your portfolio. Heres what shares of bank of america have done. If youre worried that the run is done, well show you how to protect yourself. The action begins right now. All right. And welcome. We do have a sledgehammer of a show tonight. Lets get right to it. Because chinas stock market is falling. The china etf, the fxi, falling to its lowest level ins early august. This as the countrys bond market basically crumbles. No other way to put it. Is china the biggest threat to this epic rally we have been on . Lets get in the money. Dan. It could be. If you look back to 2015, we sue a huge rampup from the 2013 lows, up 2 and then crashed. The lows this year down about 50 . And when you think back to that period of time, the summer of 2015, major palpitations in our markets and then again early this year, january and february, there was a lot of concerns about