Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
Mark for the week. Trading ate yuan 7. 1631. Not Much Movement but we will see what happens sunday night following whatever the president tells us today. 1. 11. Ust underneath vix trading at 29. Lets get a deeper dive in todays Market Action with kailey leinz. Be lower inay equities today but we are still positive on the week. It is a friday. That could change, depending on what we hear from President Trump. As it stands, the s p 500 is positive by 2 over the past five days. On the week, it is still the cyclical growth sensitive sectors that have been the best performers. Real estate, financials, industrials. Into cyclicals has wild up a bit, but the fact that they are the best performers underscores how sharp that rotation into the cheaper areas of the market was. Downtioned those beaten sectors are getting beaten down again today, true for apparel and retail stocks. Reported fourthquarter sales were down 40 , but that isnt in your concentric that is an idiosyncratic story. Pvh, ralph
Wilford frost in this final hour of trade markets rallying again today, stocks at their highs of the day around 3 , although we did see yesterday anything can happen in the final minutes or hour of trade. It can evaporate at a moments notice 59 minutes left. Driving the action this hour, encouraging numbers from the u. S. As the government lowers its projection model for the devastation from coronavirus and after fauci says the government is planning ways to, quote, ease back to normal fed minutes out from the last meeting showing the u. S. Central bank intends to keep rates near zero until the economy has weathered the Coronavirus Impact and senator Bernie Sanders suspending his president ial campaign, removing a mesh huasuf uncertainty before novembers election coming up on todays show, well speak with mark cuban. His read on how Small Business is faring and this i take on the market volatility ahead. And the ceo of etsy will join us as many etsy sellers pivot to homemade facemasks w
Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett
Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well