Time to your news i q. And it states is ramping up the targeting of its political foes and going to Great Lengths to push for suspects to be extradited from the u. K. Canada and now even cape verde but is it worth the hassle for rivals who dont pose a direct threat to the u. S. Markets Rachel Blevins is joining us from the news room with more to the story rachel well no washington is now calling on a small west african country to extradite a suspect who they say helped to both iran and venezuela undermine u. S. Sanctions the island nation of very day has confirmed it will hold suspect alex dog for the next 40 days after he was taken into custody on friday they say they are still waiting for a formal extradition request to be submitted by the u. S. The colombian businessman was indicted by the u. S. Law. Last year on federal Money Laundering charges he stands accused of funneling 350000000. 00 that was meant for the poor and hungry in venezuela to overseas accounts he has also been accu
How did the market worry when there is so much despair over the coronavirus. There is a seething anger sweeping this country and it is directed point blank at wall street this relentless rally seems unfair, it seems senseless and heartless. Thousands of people are dying. And Money Managers are cheering the most enthusiastic stock comeback in living memorial. Do you gaining another 559 points and s p climbs and nasdaq pulling almost 9 . How the heck is that even possible well why dont we start with peoples exhibit a against both me and the market here is a picture from last week when the wild rally had been cemented in the history books. The dows best week since 1938 then my head then breaking news more than 16 million americans have lost jobs in three weeks. 16 million full disclosure, i didnt order this curious juxtaposition to show you how i am. Most of you own stocks are not short sellers. Believe me there is no joy in stock film right now and i agree it is messed up. But the contra
Arabia and anybody else involved energy has been the big mover here today its remarkable to me. I want to point out apache at 4 it was a 60 stock a few years ago. Yet people are still buying it it always amazes me. Continue n contin continental. Restaurant, weak today a breaker came out and suspended its guidance unably all the stocks in that space. The red robins, papa johns, wendys d wendys, dominos are all down 5, 6, 7, 8 partly for the same reason, kim kimco came out and suspended guidance as well thats not helping their competitors out there. Utilitiel down yesterday if theres a rent holiday, the banks, the utilities are all going to be hit by that. You till ti utilities not paying the bills those are the three sectors that could be hit pi any rent rent holiday. Not paying bills and the Shopping Centers are bearing the brun brun brunt of that pain back do you. Thanks very much. The number of americansrocketing over the past two weeks. Lets get to steve for the e e details. I want
Euro area finance ministers look for agreement on a corrective response to the crisis in a crucial call today. Shinzo abe says he wants cash handouts as quickly as possible. Lcome to daybreak europe a powerful rally in the u. S. Session yesterday. Investors seem to be looking for the virus peak. Cameron crise says, if you are looking for the bottom, it may not come for more than a year. Manus diamond warns that a recession could be similar to 2008. A trillion dollar stimulus from japan. The ministry of singapore going with liquidity requirements. Good morning. Nejra if we wonder whether the rally will continue into the u. S. Session, u. S. Futures lower earlier. On these, seeing green screen and asia and also in terms of european futures. The big move yesterday, taking the futures above the moving average and pushing through the end of march high. Do we get to a 70 handle . We are at 69 right now. Oil resuming its rally after we secretary the energy had a productive discussion over the
Here believe it or not, maybe your stat of the day, 164 of the s p 500 are actually higher now year over year for all the market damage over the past year. A good chunk of the market still remains higher we have a great Investment Committee lined up for you again today. That would be guy adami, and karen finerman, who will join us in a bit let us begin the show by focusing on four big mac row calls today from well known firms, all kind of saying the same thing are you ready, folks lets walk you through it, number one, goldman sachss, the market urn likely to make new lows morgan stanley, pull backs should be bought jpmorgan chase, were going to hit all time highs in the market next year. Piper stanley being more direct. The bear market has concluded. There you go guy adami, you heard that, you have four calls all saying the same thing, its not taken away from main street and the human toll we understand we are focused on the markets. Do you agree with those pretty optimistic views no,