Than a week. And in real estate, remaining a sellers market. That and more coming up. Good morning, good afternoon, good evening welcome from wherever in the world you may be watching. Im Brian Sullivan if you were hoping for another day like yesterday, you might want to get another cup of coffee things more se date. Futures are flat to slightly down futures are a little in the red. A far cry from yesterday where we had, in case you missed it, a 900point surge. That was that averages best move in more than a month. There is really three different pieces of news that gave investors peace to buy you had new numbers that show the fatality rate. Midto late march many states have reopened. Did not show big jumps in their new cases. Federal reserve chair jay powell, ill sum riz, the bank will throw an unlimited amount of money at the problem and Interest Rates are not going to move higher anytime soon hope around the vaccine moderna stock surging more than 20 yesterday. Shares up slightly to
Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action courtney has highlights from retail earnings. Mike, you and the market just selling you have a bit, but of course only lightly following yesterdays big rally. Actually today is i think the narrowest range intraday for the s p 500 in three months and by the way, three months to the d
Million. Brazil is the worlds pandemic hotspot. Infections in india rising at the fastest in asia. The fed chief is staying neutral on u. S. Aid, dodging senate attempts to make him take sides. He says more help would be needed but stopped short of a full endorsement. Shery we are seeing further afterre of u. S. Futures stocks fell to the last part of the trading session. We have had a strong start in week but there was a report on modernas vaccine study did not produce enough Critical Data to ss its success. There are similar patterns with drug makers like gilead. We saw the selloff. The s p 500 fell for the first time in four sessions for the nasdaq was outperforming at one point but turned negative. Look at what oil is doing, seeing wti above the 30 a barrel level after closing at the highest in nearly two months. We have june futures expiring tuesday. A month ago when may rises plunged prices plunged, we are not seeing that reaction this time around. There is more signs of markets
Basket size and looks at the issue of what happens when you are able to open and a lot of your competitors are not right i think Doug Mcmillan has the four stages of, lets say, the opposite of grief and acceptance its more like acceptance and euphoria at the beginning theyre stocking up. By the end theyre buying tvs. He laid out a course that i felt was very, very optimistic. But not that optimistic for anybody who competes with him. When you hear what hes winning in, its every category that the Small Business guys do its the bicycles. They have the good tvs going boutique games owns all of that now he owns video games now. There wasnt anything that i heard that did indicate that you go to walmart instead of a Small Business david, doug was very interested in the fact that you bought your pullup bar there, that you might have gone to a gym, but you took that order from a Small Business guy and you gave it to the king yes, i guess that is true the power tower, it wasnt cheap. But its di
Package may not be needed. Dow industrials down 76, s p down 4 points and nasdaq lower by 2 and a half this after roller coaster week on wall street where we saw dow industrials go back to bull market territory posting largest weekly gain since 1938. Dow, nasdaq, s p 500 up better than 9 on the week. We are now off of the lows at 20. 54 a barrel, down 97 cents, 4 lower. Cases of coronavirus are rising across the country, death toll topping 1,000 in new york. Mayor de blasio says people who do not practice social distancing in the city can face fines up to 500dollars. A Million Dollars raised fox last night including fox business. More Companies Help to go fight the war on coronavirus. Manufacturing, medical supplies to free flight to healthcare workers. Mornings with maria is live right now. Maria lets check Global Markets this morning as u. S. Searches for direction. We have weakness across europe, cac quarant down 41 and dax index in germany lower by 32 points. European leaders conti