For a closer look at the economic fallout from the coronavirus situation. Steve is dig through that right now and wee chell check in wit. Kelly. As mentioned the nasdaq was heading back to its record high, but now its under pressure. Down about. 5 at last check. Bob. Its under pressure because the mega caps are finally underperforming, its about time in the is all part of that broad evening o broadenning out of the market. You can see it again today. Whats outperform something whats doing better . Stuff that wasnt doing well a month ago. Weve had double digit gains in some of these banks. Fifth third up 15 so far this week. All of them are up double digits. Look at the retailers, nobody cares about macys or nordstrom. A few people are trying to do something. Some of these stores are up double digits. Gap, kohls, all up in the is for the week overall. Same thing with industrials. These stocks were not market leaders a little while ago. American, theyve had a great week. Theyre all up do
Headlines in the quarter some past underperformers are catching a big bid check out these moves and the financials etf up 9 and xlb materials up 3 and on the flipside, outperformers like tech and health care are underperforming the Broader Markets with the xlk etf up 1 and xlc communications up 1 so is this rotation temporary or will this be the new leadership Going Forward . Guy adami, lets start with you. Hi, mel hi, guy well, just about everything is temporary if you think about it except luggage in the great words of eddie murphy, but i digress. I think it can continue and i absolutely think the banks can continue and kudos to karen who has been talking about the banks and saying the pain trade will continue to be higher in the Broader Market what we have said is banks should be trading higher and for example, j. P. Morgan which weve outlined the metrics that i used that was a 62 tangible book and put a 1. 85 multiple and youre talking about a 118 stock and i absolutely think there
Director of the wyoming institute for humanities research. Im excited to welcome you to the topic which is pandemics in historical perspective. Im excited to introduce the history and member of the committee who will be our moderator tonight and introduce our speaker. Please welcome. Thank you, scott, and our panelists who agreed to participate. With usu for sticking and to all of you out there tuning in and some form or another. Going to do a brief introduction and i will let them each talk for a couple minutes how their work intersects with our theme tonight. She is the author of an earlier piece of what the pandemic and teaches about the crisis. Williams we have jacob , an associate professor of history at the college of charleston. He specializes in the history of science, medicine, disease, and is working on a book that examines scientific attitudes and cultural constructions of typhoid fever. Editor of the journal of the history of medicine and allied sciences. Toi will handed ov
Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
Mr. Burgess will you yield for parliamentary inquiry . Ms. Eshoo i want to do my Opening Statement. Pardon me. I already recognized myself but afterward. Ize you i never thought id be holding or that we would be under the sad ng circumstances, but i think its one. Essary pain. Untry is in americans are afraid. Sick. E theyre hungry and jobless. Nd over 80,000 souls have been lost. And the government that was supposed to protect them has failed. There are heroes and they have isen, extraordinary, ordinary americans showing courage, compassion, and a sense of and duty beyond what could have or should have them. Sked of regular americans have risen not. Their leaders have we are the greatest country on earth, and, yet, we have the cases and the most deaths in covid19 of any nation the world. Why . The inept, ineffective and extremely late to what was pond clear to many scientists and in ic Health Experts january. Hat basic delay cost precious lives and is continuing to cost lives. Theant