Hour with our Investment Committee today. They are our committee let oos get a check lets get a check on the market. Stocks are marching higher we are right near session highs. Lets take a look at what exactly is driving things and for that, well start with josh brown because youre in the box right next to me right now what can you make of what this jobs report told us and why does the market continue to rally given the fact the economic prospects may be so dim . Im pretty comfortable saying this is the worst monthly jobs report any of you watching will ever see for as long as you live this is it this is the ugliest youll see we have lost 20 million jobs the all time record was two million jobs after world war ii and the worst we saw during the great financial recession a generation ago was 800,000 in a month. Youre not going to see this again. I think whats important to point out and i want to be delicate in the way i say this wall street is coming around to the fact that for the most
I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what they think. Shah gilani and erin gibbs. Erin, let me start with you. The idea maybe this is too much optimism. Wall street hates it but the more hate it the more the market seems to rally. We are, many of us are cautiously optimistic. But im definitely concerned at how stretched some of the valuations are looking forward though. It is very hard when you talk about value because you really have very little visibility on what the actual earnings will be. But certainly there have been a lot of predi
Take a look at a few charts. This stock made a low back in january 18th before collapsing with the market and didnt offer any defense and went down just as much as the market and hit a 212 low this week at 283 if you look at the next chart, this is important. If you are defensive or considered defensive, is it more defensive than proctor thats the exact same selloff offering no defensive qualities and now having rebounded 35 , but youre not back to the high, of course, and thats the nature of percentage, drawdown and ricochets. The final chart. This is a twopanel chart and this does tell the tale. What we see is apple on top, but its relative performance to the nasdaq 100 continues to stall and by my work, one is skeptical going into the print this coming week all right, carter we go to mike. Whats your trade out of this . Yeah. So its interesting as far as im concerned. Apple, you know, this obviously is a company with a fortress Balance Sheet and some would say well positioned all Th
That the hefed puts out, down severely. We will tell you the sectors suffering the most and no, it is not travel and leisure. As the Dow Jones Industrials fall to about 323 points, that percentage is a loss of about 1. 33 but look at the russell 2000 small and midcaps losing near double that amount. This selloff comes as the u. S. Sees the highest number of coronavirus deaths in a single day, 2405. At the same time, President Trump threatening to pull funding from the world health organization. Coming up, one allamerican fortune 500 company is doing the complete opposite. Colgate palmolive teaming up to get its soap to a world absolutely desperate for safe hands. But its the virus antibodies everybody really wants. Coming up, this is the Silicon Valley disruptor that is speeding up plans to launch its lifesaving drones in america. The cofounder and ceo is about to show you, youve got to see this, how they have been delivering blood, plasma and medicine to remote regions in africa for y
It is up 25 , but still well below 15 a barrel on a supply glut in the u. S. And around the world. And as Congress Passes that 480 billion relief package to keep the Paycheck Protection Program running, td bank has promised some 26,000 Small Business loans. The ceo is going to join us in a few moments and tell us how he did it kelly, over to you all right, tyler, thanks. Todays rebound is led by tech stocks again they were under pressure yesterday. Lets get to bob pisani for more on the rally bob . And like i said, the last hour, threetoone advancingtodeclining stocks, thats a nice move up. But this is really in a sense tech and even mega cap rally the five biggest stocks on the s p 500, huge gains here facebook is up 7 . Google is up 4 . Microsoft, apple, amazon look at these moves up the other bigger five, berkshire, walmart, only one, Procter Gamble were down when you get nine of the top ten moving up, the s p is going to move, even if the other ones dont do much at all this is a me