Frequent the scene in 1959, we will get reaction to this with comedian radio show host joe piscopo, it was a final showdown but were there any knockout punches this round, we will break down the debate including maura bidens call to end the oil industry, all that and so much more on making money. Charles when i think about the week for the market, i think the word tough sledding is probably appropriate every day we have a early strength to move to the upside and evaporate into choppiness and theres a lot of reasons including its not unusual in the middle of Earnings Seasons for markets to gyrate as they hash out the winners and losers in the new added the stimulus saga which seems to be of a natural headliner than traders, the real election of covid19 cases and the legitimate concern, it still may not completely explain the whole. That we are in right now, this is mine thrilled to have our next guest, to help us hash out what might be eating at the market, it equity strategist and seni
Losses the university of michigan warning of a billion dollar hit from the pandemic. Their president will join us kelly. Stocks are lower coming off two straight weeks of losses lets get to bob for more on the selling today. Modest rally in the last hour s p is comfortably over 2800 again. Two issues weighing on the markets. I think a lot of investors surprised by warren buffet not so much buying the realizizati realization tha slower than people anticipated restaurant stocks all down dave and busters, dennys. You can see theres less optimism it will go so well in the restaurant stocks today. Mr. Buffet getti inting out of positions didnt help at all all down 3 or 4 the leadership out there on the plus side, wfh the work from home stocks have done so well the wall greens walmarts have all done so well a little bit of, i think optimism that the Energy Stocks are continuing to holdup well. Weak open but a lot of the big names in positive territory. Refiners Like Marathon Petroleum and th
Could be 41 percent higher than the government is reporting. A dire warning from the u. N. The pandemic could double the number of people around the world who are going to go hungry. And im peter sim to go to sport you a fur and its Member Associations holding a teleconference on tuesday to try and work out a way to finish the football season. Donald trump has declared that he will suspend all immigration to the u. S. To protect american lives and jobs from coronavirus which he calls the invisible enemy the move announced on twitter is in line with what hes trying to achieve throughout his presidency mr trump won the white house in part on a promise to build a wall on the Us Mexico Border his administration has since cracked down on both legal and illegal entries under an executive order and 2017 the president did ban travel from several muslim majority countries but was later modified after legal challenges and since february and march traveled to the u. S. From china parts of europe
And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have more to go . Well, i understand the focus on the equity
Builds. When it has to be said that the great majority of these protests have been peaceful this is the intention of of most of the people who have been attending the marches and theyve been focalizing how they are against any of the violence that has been seen on the streets in these past few nights but it is problematic in the sense that the governments there have been calls from the very top of the government to civil disobedience now that echoes one of the independent dismayed which thinks that. Just protesting on the streets enough that more direct action needs to take place the problem is how does civil disobedience and more direct action getting targeted by members of society who are deeply frustrated with the ongoing situation and how do they take that amongst their own into. The right hand says well now the problem is that while the president told catalonia has been calling for civil disobedience hes also been sending out to the very same Police Forces that have been trying to