This is. Semisurge, theyre leading us to new highs. Yeah, and its been pretty interesting, scott, because this has been a much broader rally than i think a lot of the folks have talked about over the last couple of weeks, and part of it is its the semiconductors, thats one of the areas everybody looks at the big 5 theyre not looking at some of these other names. When you look at the smh, and you see where its trading now and near all time highs, it gives you a little bit of a sense of how much activity there is there, and continues to be there. We have seen so much in the unusual options side of things its been incredible across just about every name that you can imagine. So it certainly does stand out to me that thats been performing, along with biotech to the upside, and both of those, oftentimes youre going to see most of those names in the nasdaq, and thats part of the reason youre seeing some of this outperformance from the nasdaq is this the week that growth took the market back,
And remarkable rebound. Broadway actor Nick Corderos wife says hes awake after weeks in a coma. We have an update on what could be a turning point in his recovery from the coronavirus. Best news ever. First, heres todays eye opener, your world in 90 seconds. Our concern is that there is a real risk that you will trigger an outbreak you may not be able to control. Reporter dr. Anthony fauci told senators that their states could face serious consequences if they reopen their economies too quickly. As much as i respect you, dr. Fauci, i dont think youre the end all, i dont think youre the one person who gets to make a decision. I dont give advice about economic things. I dont give advice about anything other than public reporter in Los Angeles County, the stayathome order will likely be extended through july. This is just as dangerous a virus today as it was when it arrived. And we should never become too comfortable. Reporter President Trump is backing elon musk who broke local Health Or
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot
America yesterday, and frankly, it was a little embarrassing in a new interview, former Vice President joe biden said that president trumps response to the coronavirus pandemic has been incompetent said trump, why dont you say that to my face with no mask on . Say it real loud, so you really spray those particles. After refusing to change his schedule on monday after learning his press secretary tested positive for the coronavirus, the white house confirmed yesterday that Vice President mike pence will distance himself from president trump. Pence apparently decided to take precautions after noticing his temperature was a little higher than his normal 25 degrees hotter than a frozen chicken white house Senior Adviser and president trumps soninlaw Jared Kushner said yesterday that he was not sure if the coronavirus pandemic would delay the general election in november which is a little weird, because the question was, sir, how did you get in here . Oprah announced, yesterday, she will la
Good morning welcome to the show. We begin with breaking news as we have been for the past few weeks. Futures pointing to steep losses after pointing to one of the worst quarters on record the s p down as well as the nasdaq as well markets much lower the dow shedding more than 23 in just the past three months. Its worst quarterly performance since 1987, and worst performance for a quarter on record boeing there, sliding more than 50 since december 31, shaving nearly 2,000 points off the dow itself not much better for the s p 500, losing 20 for its worst quarter in history and worst quarterly performance since the financial crisis oil prices as well down 66 to the lowest level in 18 years coming off the worst monthly and quarterly performance ever down 66 the numbers are not much better right now around the world matt taylor is in singapore. Julianna tatelbaum has the early trade in europe. Matt, well begin with you it has started early in asia and is carrying around the world now. Abso