That debate this hour. Look at whats leading the dow now. It would be Goldman Sachs up nearly 6 . Apple and microsoft leading the tech heavy weights they are in the poll positions power lunch starts right now thank you, tyler stocks are near the highs of the session right now with the nasdaq leading this mid day turn around lets get over to bob for more kelly, it doesnt feel like it but its been a very volatile two days i want to show you the s p 500 believe it or not, we have moved in 100point range in the last 24 hours we opened yesterday about 3320 and we had a low this morning at the open of 3220 theres 100point range. Right now were in the middle. Part of the problem is valuations we cant figure out where the stocks should be even the megacap names okay, they are up today but they have been all over the place apple has been 105 to 112 in the last 24 hours. Thats a pretty big range for the biggest stock in the United States the problem is our cash like to sap we did this within thi
About confederate statues and not wanting them to come down. We are in the middle of a pandemic. Is the president more focused on preserving or celebrating the confederacy than getting the pandemic under control . Sec. Mnuchin let me just say i think the president is focused on everything. I think this issue of statues is a complicated issue. There was an operating the wall street journal from the cardinal in new york about the bible and everybody other than mary and jesus christ. I think it is a complicated issue. We need to have a balanced view of history. Reporter what about the white power video . Sec. Mnuchin we are here to talk about economics. Secretary, where is the Treasury Department on sending stimulus checks to families . Are you guys going to be doing that anytime soon . Or are you going to leave it to the court to decide whether the Treasury Department has to do it . Sec. Mnuchin i did not understand the question. Was it on stimulus checks . Reporter mixed status families
Movers today small caps again today as they were all week. Transportation stocks Like Airlines as they have been all week bank stocks, industrial stock, energy stocks. All the market leaders this week as well as today whats lower today the peleton, zoom. Slack is down big today. Thats down about 13 . Big cap cyclical stocks. It was all about the reopening story. Stock of the week, boeing, thats not a typo. Up 43 jpmorgan a lot of bank stocks up double digits caterpillar is up double digits overall. Perfect for the reopening story. Remember the three buckets. The big problem we have got, stocks are pricey. We need to see earnings estimates start going up thats what were not seeing so far. Thats wa hat we hope to see in the next month or two. Now to the bond market where the tenyear is surging back to gas. Rick is tracking the action this afternoon. Rick its amazing. 92 basis points. Were up ten basis points on today. Were up close to 30 on the week as you see on the intraday chart. If y
Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring
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