That this may reflect an extension of that stayathome trade weve been watching. Look at all the stocks popping early on those are all Companies People were giving up on even ten days ago when they felt the trade was the mike corbat trade. You recognize if you can do what some companies are doing, which are saying its up to you if you want to come back. I think now the onus is saying im not coming back. No way lets dig n get bin and get bet cybersecurity. Those are the stocks that are popping. I respect that from people who say i do not want to be back at that building. The pandemic is not done and the pandemonium has begun. What explains boeing up 1 , carnival up 2. 5 i assume were looking at hopes that these demonstrations and protests will not result in a further outbreak of the virus, and that these epicenter stocks will continue to outperform. We keep betting you have to have it. Its been seven days now the incubation period, theres a lot of news stories saying the new strain is ou
Economic crisis is hitting the Worlds Biggest Oil company. Im sorry so misconducts good to have you with us the corona virus pandemic has brought the work of nurses into sharp focus as they struggle to care for patients suffering from cope with 1000 and today on International Nurses day nurses around the world are a speaking out to demand a better protection as they risked their lives to do their jobs in pakistan several nurses took part in a protest calling for safer working conditions dozens of Health Care Workers in pakistan have been infected with covert 19 and at the Vatican Pope Francis prayed for nurses saying he has always noticed their heroism. This nurses day also marks the 200th anniversary of the birth of a pioneer of modern nursing Florence Nightingale. The original queen of hygiene Florence Nightingale she revolutionized Battlefield Medicine during the crimean war when more british soldiers were dying of infections than battle wounds the principles remain is just exactly
Money jackie stocks are in the green as 373 million americans filed for jobless claims in the last week. Oil prices, unexpected surge in chinese exports boosting hopes that global economies are also on a path to recovery from the Coronavirus Crisis but how will wall street react when tomorrows jobs report comes out . Joining me now former dallas fed advisor Danielle Dimartino booth, bny mellon chief investment strategist alicia levine. Lets start with you. Well talk about the numbers tomorrow. The positive thing in the weekly claims, weve seen five weeks in a row where the numbers are going down but investors like that. When they get hit with the unemployment report even though theyre expecting it and see doubledigit unemployment how do you think the market will react . Look i think the market is expecting somewhere between 17 and 20 unemployment to print tomorrow. This is a little bit of a backwards look. The data stopped three weeks ago. Were reading it out on may 8th, not the first
Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout market share gains, which is key. Given Amazon Logistics troubles, are you going to be seeing customers rediscovering target and walmart, some of these longerlasting st
Lauren. Lauren very choppy. The dow was set up to be up five days in a row, 357 at the high. Closing in the red, s p is lower. It is on track for the best month since 1987. Nasdaq is the big loser. Technology down. Health care weighed overall. A lot of dow components reported today, four to be specific this morning. Only one of those,fieder actually reaffirmed, rare to do this, reaffirmed fullyear guidance but take a look at its shares down over 1 . Pfizer spending money on a coronavirus vaccine. It says one could be ready for testing next week for use by the fall. Also technology, investors are waiting Quarterly Results from the Big Tech Companies starting with alphabet. Any moment now they want to know how immune is big tech to coronavirus and how has ad budgets been slashed . Take a look here. Were seeing so many of the stocks been hit hard with the virus come back. Consumer confidence and a Regional Manufacturing report, completely nosedived this month. Still investors overall opti