Comes with some of these medical breakthroughs that could yield perhaps advances that lead to people moving around, feeling more comfortable, boosting a little bit those stocks that have been most beaten down, morgan absolutely. When youre talking about reopening, you have names like disney that are moving forward with plans or some plans in florida, you have names like apple beginning to open more Retail Stores in the u. S. As well also crude is one to watch and carl just mentioned it, the fact that were seeing a bid for crude. Wti the june contract expires tomorrow and what a difference a month has made as you have seen production numbers start to come in and started to see some of the driving demand return as well gas prices at the pump up by a couple cents in the last couple weeks as more and more people are starting to come out as we start to see more of these reopenings, but, of course, longer term, as we continue to talk about over and over again, its going to be what does the t
Teams and teams and delivery of cars for 2020 and so forth. Were starting to get a clearer picture on whats happening in technology as well. This is a big earnings week in general but we got the alphabet earnings last night. And one of the stark things was the difference between direct response advertising and general brand advertising. We heard direct response is doing better we heard it from snap. Heres the general idea from alphabet, gives you a read through whats going to happen with facebook. There were other numbers that alphabet talked about that could have implications for apple, certainly for amazon and microsoft in their cloud numbers. So that data, that intelligence were getting not only for what happened in q 1 but the trends in beginning of q 2, morgan, are so important. Yeah, potentially read through for apple when we get those results after the bell tomorrow, too. We started the week talking about the outsized leadership of these names, microsoft, facebook, amazon, alpha
Up for the season that starts next month with all the teams playing in phoenix. The cdc and National Institutes of health are supportive even espn. Even though there wont be any fans, it seems like we might return to some semblance of normalcy well, dont take me to the ball game, but have a ball game i think thats the perfect metaphor for today the market started strong, kind of excited about the baseball season dow up at 1. 900 points i think the metaphor is actually wrong which is why we sold off hard in the afternoon. Dow ended up closing off 26 points s p dipping. 16 it was quite a reversal. Were supposed to be in one of the saddest moments in history while we slow the spread of covid19, the death toll keeps rising the darkest is just before dawn. What do they think dawn looks like if you judge from yesterdays action, investors are buying on a vshape recovery boom, boom, business comes back, everything comes back to normal. A v says we have this virus whipped in no time id love tha
Good morning. After discussions with health experts, local and federal officials, and other governors concerning the fight against covid19, and reviewing the orders issued by other states, i am issuing the following emergency order effective tuesday, march 24 at noon, all nonessential businesses shall close their physical workplaces and facilities to all workers, customers and the public. This order will remain in effect until tuesday, april 7 at noon. I am also directing the department of Public Health to issue a stayathome advisory outlining self isolation and social distancing protocols. This advisory will also be in effect until tuesday, april 7. We also strongly advise people over the age of 70 and those with Underlying Health issues to stay home and limit their interactions with others as much as possible. I will get into more specifics on what this means for businesses and for everyone at home in a moment. Everyone should know that we will always allow all Grocery Stores, pharma
And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am