You need to prepare yourself for some intensity all the most Important Companies in this entire market. I do not have time to kofcover of these let me tell you what to look for from the biggest names there are so much tech they think tech is done, especially the big dog, microsoft, apple and facebook. It was driven by a belief that the economy is about to get stronger because of a stimulus bill and the only way you should play is sell, tech and buy the industria industrials. Well, we are going to get to see this it is probably not until the election take monday. We are from otis worldwide some people see this as a stimulus otis is more of chinese elevaorr maintenance. Biden stock, people perceive biden is being soft on china monday night, two major tests, i keep on telling you about the bull market. Listen to nxp. The other there are periods of happening. They dont last that long. Few companies are more richly. Tuesday morning we get results for some big drug companies. Pfizer and merc
Airline stocks are popping after the government gave approval to a different way to disinfect surface onz planes american, united, delta, theyre all up 8 or so. S p 500, nasdaq set for a record close. With he have 59 minutes left of trade. Brian, good to have you onboard. Yeah. Good to be here on a day where there seems to be a lot gf news. The markets are powering higher again. We have a long way to go two hours. Coming up, you remember herbalife. They sparked wall streets most epic battles on the Halftime Report it is reinvigorated, more than doubling from the march lows and our interview with the ceo is coming up later on. Were going to be joined by Penny Pritzker and ask her about the democrats economic platform and how a Biden Administration would tackle the coronavirus are your taxes going up . Were going to ask her directly. Right now lets focus in on the big stories that were watching to day mike santoli, as always, watching all the Market Action joining us to talk about the la
Dow futures are down by 40 s p futures down by 5. 5. If you want to take a look at the treasury market, the tenyear right now at this point, of course wti, i should point out, is down by 2 still trading above 24. The tenyear yielding 0. 7 0. 697 andrew well get an update on the pandemic the number of cases worldwide, crossing 4 million with 1. 3 million, thats in the United States the biggest hot spots in america are new york, new jersey, massachusetts and illinois all with more than 75,000 cases. Now, new yorks Governor Cuomo saying yesterday the number of new cases was back to the level from two months ago. Lots of good news there, when he first issued the shutdown order. Overnight, india, reported 4,200 new cases in the last 24 hours the largest single day increase in the country they are entering the final week of a nationwide lockdown a few cluster formed around nightclubs in south korea. They eased restrictions last week but on saturday, shut down all clubs, bars and discos in se
Josh lipton standing by and gene munsters gearing up for facebooks call and we kick things off for Julia Boorstin for facebooks big quarter quite a move quite a move, Melissa Facebook shares up almost 10 on better than expected revenue and user growth. Cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april were not immune to this from this crisis. We did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued weve seen some more recent stabilization as part of the Earnings Release we did include information on the advertising performance in q2 in april and thats about flat year over year. Facebook lowering its expense guidance for the year for 56 billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2. 36 billion people using one of its apps every s
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150