Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks
Again im come all santamaria here in doha this is the world news from aljazeera an israeli settler convicted of murdering 3 members of a Palestinian Family is to be sentenced today after shinzo are buried in the sukkah when your parents governing partys election putting him on the path to becoming the new Prime Minister. And a new depth of discoveries a lost world in mexicos where humans havent ventured for more than 10000 newts. So the political unrest in belarus 1st of all president Alexander Lukashenko is now in the russian city of sochi for talks with president putin looking for loans looking for Political Support from the kremlin in the face of growing protests against his leadership. Well the the Russian Interior Ministry says now 800 people were arrested during sundays protests in minsk tens of thousands of people have been rallying ever since last months disputed elections demanding his resignation or the United Nations high commissioner for human rights is now calling for an i
The mornings global headlines join us again. Welcome to kaiser report Summer Solutions im max kaiser here with Stacy Herbert you know we look at the solutions we love take a deep dive into the issues weve been chatting about all year now today were going to be talking with faneuil would have more also known as an l w of the breakdown pod cast been following him on twitter for a long time listen to his pod cast you know the great thing about this whole new universe of media states is that people who might not get on media get on media and then they run to the top and suddenly theyre like wow these people are awesome and i would put a sale in that camp what do you think well thats the good thing about talking to heterodox thinkers because we dont have to just stick with the orthodox guys that are so boring on all the mainstream cable news channels we have the best guess so you know nothing i want to talk to you about one of the themes that weve presented here on kaiser reports Summer Sol