Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit below it, we will have wiped out in one month all of the
The dow is the story today bet than 1 gain the russell, small caps trailing a little bit bob pisani on the floor with more were reversing that trend. We used to sell off in the middle of the day, but friday we diplomat and today we are holding onto our highs its very important. Three trends ive seen thats happened in the last two days. Number one, the healing continues. S p regained 20 of the losses were finally seeing new highs appear and familiar names are on that list. Finally, the Leadership Group since the bottom is the Leadership Group getting us into this, and that is cyclical stocks look whats leading today. Boeing, 3m, apple, cisco, these are all cyclical names lacker eds, coke, mcdonalds, johnson johnson, General Electric not doing too much overall s p new highs, old faces weve seen time and time again on the list amazon, netflix, adobe, hewlettpackard, jpmorgan chase. We continue to see the rally move forward not going back to that idea of selling off late in the day. Well s
Killed and more than 1,100 injured in crashes involving a distracted driver. It is a staggering statistic. Lives at stake. Now a report shows one possible solution isnt helping to stop the problem at all. Our question, how do you think distracted driving should be prevented . Arrests . Preventative technology . Selfdriving cars . Go to cnbc. Com and weigh in. First to sue who is here today. A big down day for stocks and been a volatile day, as well. Lets check in on the numbers. The Dow Jones Industrial average is off triple digits off 142 points better than 0. 75. The s p is down about 14 points. The nasdaq off 0. 75 . The russell 2000 off 0. 5 . The ten year note has been a recipient of much of the flight to safety today pushing the yield down to 2. 36 . We are watching it very, very closely. More on the trading action Morgan Brennan at the nasdaq following the big movers over there. Bob pasani from the floor at the nyse. We are essentially at the lows of the day. No bounce after the