Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
1st criminals to be held accountable for their crimes for. A bit of out their mind. Going through dont care if you use the phrase sure. Our 2 part series the 3rd reich. Starts nov 12th on g. W. Netflix the disappointing results of the pandemic streaming boom a wears off but lets hope marcus might mean its outrageous the company is hoping an investment in african stories will help when a new subscriber is on the continent. Also coming out the e. U. Finally agreed on a new Agricultural Policy to focus on Environmental Protection critics say its not green and up. This is the dumping of business im Kate Ferguson welcome to the show. Shares in the worlds leading a video streaming platform netflix have slid to 6 percent after the company delivered disappointing 3rd Quarter Results the company picked up only 2200000 new subscribers between july and september after a pandemic driven boom in the 1st half of the year which saw the service gain 26000000. 00 new viewers part of the reason for the
As we take on the world. All of the stories that matter to you come true. What ever is. Running now. That. You made for mines. Netflix disappointing result of the pandemic streaming boom a wears off while its home market might be its outrageous the company is hoping an investment in african stories will help when that new subscriber is on the continent. Also coming up the e. U. Finally agrees on a new Agricultural Policy the focus is on Environmental Protection and critics say its not green and up. This is the doubling of business im paid for it from the welcome to the show. Shares in the worlds leading a video streaming platform netflix have slid to 6 percent after the company delivered disappointing 3rd Quarter Results the company picked up only 2200000 new subscribers between july and september after a pandemic driven boom in the 1st half of the year which saw the service gain 26000000. 00 new viewers part of the reason for the slowdown is that netflix has little room to grow in its
370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
It took a tumble in less than six weeks and then rebounded 36 of the lows from april yesterday. The s p down 34 from february 19 to march 23, less than five weeks. Crazy to think about how quickly that fall came then we were back up 30 off the low for april. Joe . If you used april then i could get to 82 years i dont think sorkin was listening to me. I was i said, no, i dont remember. You are always saying maybe i wasnt around for that here is my proposition for you, andrew sell in may is a common expression go away ive never felt more like selling in may than i do right now. I have to be honest. It is not just you. Look at the dow this morning down 454 points. Just to test whether this kind of thing works. It would be impossible for me to go long with money what was he, 163 or something. I saw another guy say it is going to be so hard over the next year that we are looking at another 40 drop others that say the average recession that the market doesnt bottom for 11 months although jim