Of security at facebook, about the next big hurdle that the company is facing. As coronaviruses spike, loews longtime ceo Jonathan Tisch will talk to us about his belief about the governments role too revive the travel industry, but also all business in the United States power lunch is right now its agreed to see ygreat tl the s p 500 is lower by about 2 bob pisani has more on all the market moves. Hello, melissa. Were near the lows for the day. I want to emphasize what melissa was just saying, because the outperformance is truly extraordinary. What you want to focus on is the nasdaq 100 while up 16, the nasdaq 100, which consists of the top five five, up 21 this is an unusual dispersion. Were also seeing the equal weight down, the average stock on the s p is down 12 thats a good way to look at it. Meantime the russell 2000 small cap is down 16 . To show you the outperformance, remember these numbers these are the top five these five stocks are 6 trillion in market capitalization, almo
Mortar retailers led the market today. Even though it marked time awaiting tomorrows job market. Indeed rising 2. 5 . Despite the churning and fl flopping, the stocks of so many household retailers, kohls, macys, nordstrom, target,elle bra brands, bed, bath and beyond and costco all soared. While amazons winning streak finally came to an end with the stock, up 20 for the year, down 11 bucks today. What happened . Are people suddenly going back to the mall . Are people saying, i want to try things on . Today was a relief rally and numbers came down too far too fast and numbers werent quite as bad as people had feared. Definitely not good numbers but when youre as negative as most Portfolio Managers have been on retail it doesnt take much to get it raising. Consider when smokey the bear suggesting a few burning embers left over from a campfire could burn down the whole forest. Today, we had a forest fire in retail. In the last few weeks we had pretty horrendous retail stories out there i
Can big deals still get down . Our man david faber will join us on that in just a moment here. After the bell, the ceo of merck will tell us why hes been avoiding tax inversions, thats an inclusive interview and proven to be a good strategy. It looked like he was being left out of the party, but hes looking good right now. Shares of Constellation Brands popping against fueled by the success of the mexican beer brands. The ceo will join us exclusively to talk about whether Donald Trumps negative rhetoric towards mexico could be a risk factor for his business. I would think with the number one and two imported beers from mexico, it probably is, but well hearty it straight from him in a bit. New rules for Financial Advisers that could give a boost to advisers like betterment, and the ceo will join us. The Justice Department is suing to block the acquisition of baker hughes. David faber has the story. Yeah, of course, yet another suit filed by the doj to try to stop a deal, and a couple co
Is soaring, is at play once again. The noose dab jumped 0. 8 money manager are desperate to put their cash to work, desperate for new ideas, and desperate for reasons that make for compelling buys. Theyre finding them in spades. They tick down what theyre thinking, what theyre seeing. Lets take them sector by sector, starting with technology. The cloud plays havent been able to mount rallies. The internet stocks seems to be just plain tired. If youre a desperate fund manager, you look at the world quite differently. First you see apple going higher, that means Consumer Spending of technology, if that is the case, you can go entire skyworks solutions, an apple components maker, it really hand move ought all, but had good numbers. It means youll download western digit ago for the cloud. Two cheap plays that can be bought tomorrow. Research helps out on a day like today. Goldman sachs bumps numbers for micron, saying the lower form of Semiconductor Plant life are in short supply. Pricing
Dividendpaying stocks, you know, as the market keeps rising, is this a good place to go . They have been hot, nothing more so than utilities. And the situation in ukraine taking a very new and deadly turn. Ukrainian troops fighting it out with russian separatists, dozens reportedly killed, the locus of the action an airport in do nesk. Theres a lot to tell you about. Lets check in on this recordsetting day so far. Hi, sue. We have very good story lines and a lot on our plate happening right now at the nasdaq and on the floor here. Seema mody is uptown in times square. First, though, as you can see, bob is standing right next to millennium. Were starting this trading week off with a bet of a bang. I did a story last week saying that the traders have been complaining about getting chopped up, they havent made any money this year. Since that, look at the s p 500. We put together four up days in a row. We havent had four up days since going back to april. So sell in may, go away, look at t