We are then told that right after the tour, hes to deliver remarks. We will take you back there as soon as the speech begins. It all comes as the market sinks slightly after the Labor Department reported that nearly 39 million americans are now out of work. 39 million total. The bears holding the edge over the bulls right now as businesses do slowly come back online. Lockdown orders come to an end here and there, but for now, the dow jones industrials, s p and nasdaq are colored red. Dow is down 84 points. We have the s p down 18. The nasdaq lower by 63. So how then do you square the reopening of the u. S. Economy with worrisome news that millions of americans are falling behind on credit cards, mortgages and auto loans . We have one of the biggest fish in the wall street pond. Jpmorgan Asset Management chief global strategist david kelly is here to reveal the data he uses to cast his net for market winners and how deep he thinks the covid19 recession might just be. Despite the continu
Goes by, we are getting better. You to keepst ask everybody in your thoughts and your prayers and lets just hope and pray that we will not get too many bumps in the road before we get to the vaccine, the drug that will help us. To tell you we have lost our 68th West Virginia. And 86yearold female from canal county. I just go through it over and over and over. It is a terrib thing to have to do. I want to be really respectable to the people we have lost. I do not want them or their theyies to ever think that were a statistic. We are deeply indebted to all the knowledge and the beauty they gave us through their lives. We absolutely want all of you to think about then and their loved ones and keep them in your thoughts and your prayers. Please do so. You that wead to four withing in week an executive order today that im signing that will allow these businesses to reopen, and so list the 14 day quarantine order for outofstate travelers. Effect atwill go into midnight on thursday, may 21. N
Sometimes its as simple as looking under the hood and find out whats working we created the cramer index. We wanted to capture the zeitgeist thf market while the averages were all over the map today, nasdaq gaining. 78 , what happened . The covid index shined not unusual. It was up 1. 7 dow gained 6 since we created in april, leaving the dow and the s p in the dust. The reason because when it comes to the pandemic, the components of the cramer covid19 index are part of the solution, theyre not getting hurt, theyre helping. And thats a big difference versus much of the s p 500 we have a lot of stocks that are coronavirus road kill. Lets take a look just to be able to show you what im talking about when i say the zeitgeist. Why dont we take the top ten performers once we started i want to show you how the 11 trillion index captures the market peloton interactive, people think thats interactive is cool like this 90 of the float sold short. But this maker of connected exercise machines is
The Video Conference hosted by the group vocus on Rural America. Thank you for joining us today. Tos is a different approach a press event for me and i think for most everybody that is going to participate this morning. Out,e eager to try this ,nd hope if we make a mistake muting you again, please forgive us. I will introduce the speakers as we go and we will hold the questions until the end. Our communication director is running the news button and the chat sidebar on zoom, so if you have any questions, please just namea note there with your and she will call on you. You are final call for questions at the end. As you know, our country and the world are grappling with this ongoing coronavirus pandemic, and i sincerely hope that you and your loved ones are safe and , and thatgetting by you are practicing social distancing and taking necessary precautions. We do appreciate you making time for us today to do this event. I am in Monroe County and the southern part of the state and i ed he
Leading the way. We await any kind of agreement out of g20 Energy Ministers meeting tomorrow. Vincent absolutely guy absolutely. I think it is going to be absolutely fascinating today and tomorrow. Where are we in terms of expectations from the market . I hear anything less than 10 Million Barrels a day in the market is going to think that aint enough, and as a result of which, we could see crude, which is catching a decent bid right , coming off a bit. I think youve got a whole bunch of things still coming towards us. Jay powell is going to be speaking very shortly. I guess hes got a bunch of questions he needs to answer. It is getting awfully comp located in terms of the number of fed programs out there awfully complicated in terms of the number of fed programs out there. Normally you probably sell a bit of risk going into the weekend. That is not happening. Keep an eye on the norwegian krone, heavily geared towards the oil price. Eurodollar trading 1. 09. The dollar under little bit