It came before the coronavirus headlines started to impact the u. S. And as a result l brand, which owns victorias secret, bath and body works, has had to close stories, lay off employees and this was sort of a lifeline to l brand to unload it because they werent able to turn it around so if they get stuck with it again, its pressure on the retaile retailers. L brand is a prime example, one of the worst hit. Indeed. Well see you later this afternoon, sara. Welcome to squawk alley, you see the bounce today after two days of losses as we get some progress regarding rescue packages from the senate to the house. Got a bunch of discretionary Companies Raising Capital through various means, secondary and so forth and the earnings not bad when you look at snap, chipotle and netflix last night. Interesting when we look at netflix and snap which had interesting positive metrics in their earnings we had ibm the day before talking about a pause in some customer spending. Were just starting to get
Coronavirus fearing weighs on the market, surpassing 100,000 worldwide. We are expecting a briefing from Vice President mike pence a bit hear this evening. Though that survey was conducted in the middle of february before the outbreak took hold in the u. S. In just a few moments well talk about russ cost rich he says the u. S. Consumer remains strong and where he is putting to work now. Dan, what are you doing . Not a whole heck of a lot week on week, there was a bit of optimism. As investors star thinking about how to allocate towards equities visibility will be the big point. I think i dont think were going to get that anytime soon right now. That was the low for this move you had a strong reversal off of that we set ourselves up for a powerful rally, but most of that snsht has dissipated, so some say you will have to retest the low, and were doing it right now on a relatively tenuous way, so i still think, given the stress in credit markets, stocks are not yet convincingly saying we
Trade pl galactic, can it keep soaring. Tim and dan go man ho y manno and fed pecks. You decide who wins. All that next 60 minutes we start with another record day on wall street as the snazzy animation says the s p 500 and nasdaq closing at alltime highs. The dow up gold up. Oil up real estate up guy. Yes, sir. Whats up bonds under u. N. Changed a repeat what weve been talking about. We led with apple last night whats the deal. We talked about the price action should have been worse karen and tim spoke about this we talked about the suppliers. Kor various. Skyworks werent down as much as they should have been. The look at the stocks today apple up big the flows come in. Bad news discounted you could say the fed has our back i dont know but ill tell you gold rallies Newmont Mining rallies thats a concern if you want to continue on the bull thesis in the s p 500. Look at the u. S. Dollar 3. 5 year to date look at the fact you get this move higher in gold. You get some of the call them d
Stocks coming off their best year since 2013. S p 500 up better than 20. As i said, those china easing measures overnight giving a boost to Global Markets here in the United States. The road map starts with exactly that, the bull is on the run, wall street looks to keep it going in the new year. Stocks said to open a deck they had sharply higher. Carlos ghosn mystery tesla on a tear. A price market boost. We begin with the markets looking to a strong start to the new year this after we saw the dow rise 22 in 2019 the s p 500 up almost 25 . The nasdaq 35 was the gain. So here we go, lets get it started. A slight pause at the end of last year. Nothing to speak of. Its been a bit of a tradition a good update of january it doesnt determine the rest of the year it seems the trends that took hold at the very end of last year are intact. You have a good Fourth Quarter return as we did it tends to carry over a little bit. Even though the market seems like its getting stressed and people are ge
And crashed into that overpass. You can see that truck burst into flames. Fortunately the driver only suffered minor injuries. Both lanes of the highway were closed. They are now back open. We know the roads can be treacherous during those winter months, and there is big concern about black ice on the highways. Abcs gio benitez has tips on how to avoid having a black ice accident. Reporter its a worstcase scenario. Vehicles losing control. This deputy nearly hit by an outofcontrol car in wisconsin. To find out how debilitating black ice can be the vehicle can spin out. Wow. Reporter we head to the frigid gm proving ground in milford, michigan. Here they use stateoftheart tiles to simulate icy Road Conditions like invisible black essentially a runway to put its vehicles through the worst winter has to offer. Josh is a chevrolet engineer, and he says some of those scary spinouts likely occur in older cars without antilock brakes or electronic stability control. For our first demonstratio