Under an hour left in the session. Lots coming up on todays show a big exclusive interview with bank of americas ceo. Well get a read on the Small Business relief program. He joins us live in about ten minutes time plus as retail bankruptcy concerns swirl, well speak with the president of sax fifth avenue about whether customers h actually return to stores when doors do reopen but first, lets focus on the big stories of the day. Mike is tracking the market pullback on this first day of may. Josh is covering apple diedra is watching amazons move and phil has the shocking tweet from elon musk that sent teslas shares tumbling. Mike the s p 500 down almost 3 today. About 3. 5, 4 from its highs just two days ago. Look at a chart. Just to map where we are down about 4 we had broken on a shortterm basis the uptrend from march i dont think anyones going to get too concerned about this unless it goes deeper than at least 2550 week and a day or so ago, last tuesday, we were down around 2730 so w
Phase four stimulus package of some sort or another two of the most beaten down sectors of all, energy and financials are todays best performers how about that well have more on that big move lar later, one pandemic thats surging. Scotts miracle grow we tend to our gardens stocks are staging an epic rebound. Lets get to dom on more of this midday comeback. From tylers kitchen to the main set to where you are, to behind me, we have the dow its green its not as good as it was the s p 500 slipping slightly to negative territory the red over there at the lows down about 458 points at the opening bell at the high, the green you saw in last hour we were up about 260 odd points there. Thats the intraday moves. Meanwhile the laggards, youve got industrials and real estate. If you look at the stocks that are really leading the charge, check out some of these. You can see wells fargo, capital one on the financial side of things as some optimism returns about maybe some Consumer Spending and pion
Dead like nordstrom and macys, they have rallied and have rallied big lately. The retail etf, xrt, is up 12 . Thats better than the s p 500. Thats better than amazon. Com, what is it saying about our economy . Guy . Great to have you on. Its been a while since Brian Sullivan has been here. Get to the new, no one cares. Not true. We do care. Touch you on shoulder. Just guys here. I dont really care. Now, the news. I dont know if it means anything about the consumer, i think it means a couple of things. People are buying stocks can dividend yield. Look at nordstroms for example. I think people are trying to look at names that could play catch up. I will say this. Nordstroms jwn intraearnings with a 27 shortage on august 11th is interest. The one that sets up the best is jn. Down 50 over 12 months. The market in some ways pete was act k like some of the bigs retailers in the world were going out of business. O even with the nice bounce, youve lost a lot of money for the most part. Probabl
Fred . Thank you so much, jim. We have so much more straight ahead in the next hour of the news room, which begins right now. Hello again. Thank you for joining us. Im fredricka whitfield. Donald trump continues his full on attack of the eight women now accusing him of Sexual Misconduct and the journalist reporting the stories. Trump is speaking right now at a rally in portsmouth, new hampshire. Take a listen to what he said a few minutes ago. These allegations have been, many of them already proven so false. And, in fact, the other one with people magazine. The butler said it was a total lie. Remember the butler . The butler said it was a total lie. We cant let them get away with this, folks. We kncant. Total lies you have been seeing. Total lies. We are going to stop it. We are not going to back down. And remember this, its a rigged election because you have phony people coming up with phony allegations with no witnesses, whatsoever from 20 years ago, 30 years ago. How about this cra
now and everybody s really excited about it. i think we ll have to move when he s 12. if another one of f these people tell me they saw me born, another stranger tell me they were there. thinking as a dad, i just can t get out of my mind this whole separating of babies at the border from their parents. i justbothers me the united states would take people running for their lives and rath ethan welcome them here, do the worst thing you could do. as a dad, how do you think about this border crisis and what we re doing? stories like these are just gut wrenching. my hope would be and i m probably being overly optimistic, but you know, not only does this stop, but we have to remember that it hasn t been great pr fiemme crossing our borders in a long time. all the administrations and democratic administrations.