Because the Senate Just Passed another 500 billion bailout. Bailout, lets say of the last bailout. As we quickly ran out of money thats why the dow surged 457 points s p soared 2. 29 nasdaq 2. 81 house of pleasure Payroll Protection Program was supposed to be for Small Business, right . In the end a ton of that money ended up going too big businesses, Public Companies that was a back rub and sing i feel like a chump. I guess i should be more cynical about politics, just trying to help Small Business. However, if you ask me, that wasnt really the big story of whats going on. See, theres something bubbling underneath right now under the surface. And if anything, it makes me want to be less cynical about corporate america. Thats right corporate america. See, this market is rewarding businesses that have foresight and originality and most importantly, heart i dont want to sound too sappy, i dont know how else to put it. The stocks of good corporate citizens are thriving here mark benioff,
Analyze these markets. He is looking for opportunity to talk about that. Senate as of yet failed to advance a coronavirus stimulus package. We do have our eyes on the senate floor right now. We have a live report from capitol hill coming up in a few moments. State after state is issuing strong stay at home orders. Were going to give you an updated list. Were asking a big question, when it comes to the virus, are we flattening the curve . Dr. Nicole saphier will give us her take. All that and more coming up on making money. Cheryl keeping a close eye on washington right now. The senate is currently attempting to push forward its giant phase 3 coronavirus bill. Democrats blocked the two trillion dollar rescue plan overnight. There has been a lot of twigs twists and turns today. Hillary vaughn live from capitol hill. Reporter i want to take you to a live look from the senate floor. Right now senators are revoting on procedural vote to begin debate on coronavirus bill. That vote failed ove
Of the retail trader, the little guy, could be causing more volatility in the market and talk about getting real. One top angel says the beaten down resale retailer, the real real, could be about to make a comeback. Hell be here to explain why hes so bullish. Power lunch starts right now stocks are selling off. Right now, the dow down b about 300 points nasdaq down nearly 2 . Major indices on track for their worst week in february take a look at gold. Lots of eyeballs on this one today. The precious metal is on a wild ride up 8 already this year and near ly 2 today. 16. 49. The defensive tone is evident in todays market. Those momentum names that trade is is unwind names like b facebook and amazon down around 2 the Semiconductor Stocks are also getting hurt today. New lows for a basket of Energy Stocks including exxon, marathon oil and noble energy a political unrest in libya easing there afore oil is given back some gains, plus energy estimates for the First Quarter continue to fall w
You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Comparable growth streak does continue 1. 9 also below analyst expectation of 2. 3 for the quarter. U. S. E commerce net sales grew 35 . Coming year expectations to grow at least 30 speaking with the cfo, quote, the quarter started off and ended strong despite softness in some categories like media and gaming on the coronavirus, they are monstering the situation and focused on the safety and wellbeing of customers and associates he says sales are still okay the fear is mixed towards food walmart is not
Out. But right now, just one quick s p indicated up about 18 points that would also put the s p at question for you, target missed and raised questions about this. Was that a target specific an interday record problem . It looks like holiday sales were the nasdaq up about 55 also pretty good. Yeah. Putting it at an interday and target was able to maintain record the futures all comfortably margins. Meaning, they ran out of above that right now inventory on some issues they werent overstocked on some of those things. I dont think it was a problem the yield right now in the with the consumer. Walmart did well, right walmart had good numbers amazon had good numbers. 10year below 1. 87 . I think its problem. Welcome back, everybody. Take a look at the futures emblematic of problems they had the dow, the nasdaq and s p 500 in a few areas specifically china premier speaking out all set to open at new intraday electronics and tois not growing as much as they thought. Levels well see you tomor