500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more than 100 billion available. The ceo of Valley National bank is here to tell us how he thought the program worked and what should be done with all that excess cash and should there be more stimulus. Then theres this. The Work Life Balance turned upside down during the coronavirus pandemic but as st
School. We should see 19,000, maybe even 20,000 on the dow by the end of the year. Jack admiral is executive vp of a bank. He thinks the markets are overvalued. Thats the collision. Thats what makes a market. Professor siegel, what causes you to feel that we can move, not just a little bit higher, but rather more significantly higher between now and year end . Do you see the economy as that strong . Well, what i see, i mean, i will admit, i mean, we have moved up in price ahead of the earnings increase. I originally thought we would have to wait until the second half of the year to see that earnings. But let me tell what you i think stock investors are cueing off of. I look at sensitive commodity prices. Were seeing increases in iron ore, aluminum, nickel. The Agriculture Sector is beginning to boom. These sensitive commodity prices, i think, are a signal to an increase in world demand, a better second half and i think thats what stock investors are looking at as a clue to get in befor
Jenny block returns to her block. The idol judges are in brooklyn for the new season. Rocking the snake skin. Can i borrow your trainer . I would love to get the leg look you have. Youre doing quite all right. This is d squared. Adam is here and doing an amazing job. Thats adam lambert filling in for keith urban who is back in australia after Nicole Kidmans father passed away unexpectedly. Right now weve got a new interview with someone who ro record i a song with jennifer, queen latifa. Any guest who hur dream guest would be . Prince. I would go beyonce. Queen latifa breaking out in song the second we sit down. Inviting only extra behind the scenes of her daytime talk fest, season two up and running. And dishing with me about her alist lineup of special guests. New actress on the screen, reese witherspoon. Youre helping her out . Yeah, you know, i figure shes got talent this kid. Denzel is coming. Big stuff too. Hes coming through. So is queens executive producer jada pinkett smith, h
They rise for 20 straight months with all major markets showing growth. Asia markets take their queue from a record close on wall street and the promise of chinese reforms. The shanghai ending with the nikkei at a three week high. Welcome lets get straight to markets and the euro in particular which was soft yesterday but markedly soft today. Took a big leg down about half an hour or so. You can see its 1. 118. Down 1. 2 . This came after the ecb board member expressed concerns about the repettive of european bond sell off. He cited extreme volatility and reduced liquidity and added it will be front loaded ahead of the summer lull. What has this done to equities . They moved in the opposite direction as you can see. Across the board equities are looking strong. Ftse 100 lagging. Its up. 5 where as Continental Europe is up significantly. Italy up 1. 3 . Lets have a quick look at bonds as well which have also seen a little bit of a move. We can see the bond yields slide a little bit. Bac
At the moment we hit 1. 40 on friday. The climate index, 110. 6, so a little better than the forecast 110. We have seen the dollar weaker against the yen, but the euro seems to become more of a safehaven currency than the dollar over the last week or so. So plenty more to come on that. Joining us with his views, chris watley, good morning to you. Nice to see you. Good morning. The Germany Economy is chugging along rather nicely. The question is how much of a benefit it is to the rest of the eurozone. Europe is in a clear recovery phase. Thats been ongoing for 12 to 18 months. We have seen terrific flows over the last 12plus months into the equity market. The question now is whether you can start creating credit in europe. That is the last piece of the growth puzzle that were waiting to see, which we think may come this year as we see the credit expansion. Are you concerned about france or not . Pmi was slightly better than we thought. Yeah. Its the one that hasnt really embraced struct