Negative after the dows 900point rally boost investor stocks Airline Stocks surge as the uk government signals cross border air bridges could make Summer Holidays a reality weve got european auto sales plunging 76 in april with fiat, chrysler and psa leading declines as the lockdowns cause supply and demand in the car sector a very warm well come everybody to street signs. Lets kick off some fresh commentary tensions really heating up between beijing and washington w. H. O. Is at the center of the latest dispute yesterday, President Trump threatened to permanently halt funding to the w. H. O. If it did not make improvements in the next 30 days now china has weighed in on the comments saying the comments of the u. S. Leaderships letter tries to mislead the public to smear china. He says paying assessed contributions in full and on time is every members obligation the u. S. Letter according to Chinas Foreign Ministry tries to shift the blame of its own response after President Trump yest
All about the big game of chicken that is breaking out in china, but first, what is the real read on retail . The Group Holding strong as we wrap the major week of earnings and we could dash hopes of any robust retail rebound and another 2. 4 million americans filing for unemployment last week and while we all knew that the number would be awful, it may not be telling the whole story. The total claims exclude hundreds of thousands of selfemployed economy workers, as well. So with millions of americans and millions of consumers out of work, which retailers are best positioned for this road ahead guy. Hi, mel hi, guy i feel it necessary to say hi so i wont see you so which retailers are best suited in this environment and thats a great question and something well talk about and i know steve will talk about costco correctly and karen had thoughts on t. J. Maxx, but the one i keep coming back to is Dollar General and i think Goldman Sachs just initiated the name with the 202 price target a
Upstreaming Movie Service with a little help from americas dad and why california government is not worried about an exodus of manufacturers. A view of elon musk. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome from wherever you may be watching, im Brian Sullivan thank you for starting or finishing your day with us. Solidly in the green, the dow up about 240 points that kind of move would regain about half of what we lost yesterday with the dow dropping about 400 points all the maethor averages were indeed lower maybe the stock to watch today is the one we talked about all day on monday. That is moderna. On monday, enjoying that 20 pop on the vaccine news. Late yesterday, the stock fell it ended down 10 . In part because of the report by the medical firm or research or website stat news suggesting that vaccine experts were saying that the drug trial results that moved that stock on monday simply did not provide enough data to draw any
Where does this leave us pete, good time to answer that question i think our viewers, investors everywhere are wondering we had this big comeback weve had a bit of unsettlement in week. Now what yeah, i think we have reached a point now where theres been some pull back and everybody is looking for that opportunity those that have missed a little of some of these moves youre look for something. We had a huge range. We started to change the what we have been seeing which is contracting range and that sell off late day im surprised we havent seen an acceleration to the downside i think theres nervousness in terms of a lot of things the retail number we knew about. We knew it was worse than we anticipated. Thats a big deal. You look at the smh. Thats a great reflection of what im talking about they are hammering those stocks. They have absolutely hammering those stocks today josh brown, what do we do with the fangs what do we do with the chips fang stocks have had such a great run. Today w
Results for its vaccine, phase one trial in humans. Weve got a lot more on this coming up in just a moment. But this is a very positive development. When this was announced the stock rally that had already been in place gained a lot more ground. One more positive indicator for you. Thats the price of oil. We are back to 32 a barrel. We are driving again, we are emerging from a lockdown, demand for gas and oil up and up goes the price. Key indicator. Now, look at this weekend. All across the country, people were out and about, enjoying the weather and enjoying their freedom, too. There has been some relaxation of lockdown rules in 49 states. Connecticuts the lone holdout. They open up in just a few days. Bottom line, the economy is opening up and in most places, people feel willing to shop, eat out and socialize. Its hard to see how the authorities can reverse course and clamp down all over again. The genie is out of the bottle and the Moderna Vaccine news is the icing on the i can kcak