Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very week. Remember we get those claims thursday morning lets start with the positives that help stem the bleeding today
12 Million Barrels a day, flooding already saturated global market. That saw crude drop 30 . 10year crashed below 50 basis points and now there is concern we could join other western nations with negative yields, japan, germany, switzerland, netherlands, belgium and france. Major markets around the world before the u. S. Opened sparked enough selling for Circuit Breakers to limit preopen downside. Those limits are drifting in, Circuit Breakers once trading got underway. To discuss, erin gibbs and Capital Wealth Planning chief market strategist, jeff saut. Jeff, great to have you in studio. Pleasure. Connell charles my man, youve been calling it up and down. Youre reworking mod tell feverishly as the numbers change dramatically minute to minute. Where are you now . I was on your show in january, short term signal ad sell position. We told me to sell positions and raise cash. I didnt think it would be this bad. We were dealing with the virus and bernie surge in the polls. This collapse o
To the west coast, where the earth continues to shake in Southern California. We pose this question. This is the precursor to the big one we have all been warned about . Varney company starts right now. Looking, cutting, shooting, scores ashley that was a beautiful goal. The u. S. Winning 2nil, celebrating their fourth world cup victory. By the way, aoc tweeting this. At this point, we shouldnt even be asking for equal pay for the United States Womens National team. We should demand they be paid at least twice as much. There you go. Here is President Trump on the victory. Were [ inaudible ]. We have to see whos taking in what. I dont know what those numbers are. I would like to see that. But again, you have to look at the great stars of the mens soccer, the great stars of the womens soccer. Ashley that is a question, equal pay, lets face it, the womens team so much more successful than the mens team. Do they bring in the money . Susan well, i mean, if you think about it, theyre number
President directly. The Campaign Says well hear the president offer up fresh new criticism of joe biden. This has been an unusual rally in the sense the campaign had to change its strategy quite a few times because nevada has strict rules how many people can gather at an event. They wanted to do that in reno and tahoe. Nevada is the state so many people will be watching. The president last it last time with 27,000 votes. You can you will see how many people have made the trip out here to hear from the president. You will see more from the battleground states. The president will also be going to arizona monday. Jesse, back to you. Jesse collusion confusion. Newly released records from the doj revealing multiple members of Robert Muellers team accidentally wiped 27 phones from their russia probe before the Inspector General could look at them. And Andrew Weissmann said he entered his password too many times. Can you remember if someone muellers team was trying to investigate wiped their
They wanted to hear the president directly. The Campaign Says well hear the president offer up fresh new criticism of joe biden. This has been an unusual rally in the sense the campaign had to change its strategy quite a few times because nevada has strict rules how many people can gather at an event. They wanted to do that in reno and tahoe. Nevada is the state so many people will be watching. The president last it last time with 27,000 votes. You can you will see how many people have made the trip out here to hear from the president. You will see more from the battleground states. The president will also be going to arizona monday. Jesse, back to you. Jesse collusion confusion. Newly released records from the doj revealing multiple members of Robert Muellers team accidentally wiped 27 phones from their russia probe before the Inspector General could look at them. And Andrew Weissmann said he entered his password too many times. Can you remember if someone muellers team was trying to