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
Rally yesterday dow futures are now down. Nasdaq futures lower by 64. Nasdaq up 190. Now this, former Vice President joe biden and the ukraine scandal back in the spotlight, an investigation Just Launched overseas after phone conversations between biden and then ukraine president are released. Meanwhile u. S. Senate taking a major senate in probe of Hunter Bidens role of Barisma Holdings and tesla tapping the brakes in battle with california, dropping the lawsuit after plant is allowed to open. Mornings with maria begins right now. And Global Markets this morning red cross the board, take a look at european indices as u. S. China tensions rise, the cac quarante is down 48 and dax index in germany lower by 174, there are sign that is the european economy is slowly coming back. The euro zone purchasing manager index coming above expectations this morning. In asia overnight, markets mostly lower. Take at the numbers in asia, worst performer half percent lower shanghai composite in china.
Could be the darkest winter in modern history. Game changer in the race for a vaccine. The promising new development right now in one of the major trials and the potential breakthrough that aims to kill the virus on surfaces. Battle over the beaches. With a week until memorial day, the new rules for summer as beaches from the jersey shore to the california coast are set to reopen. The requirements for masks, social distancing, and are these images from overseas the future of a day at the beach . Last dance for the last dance. An exclusive sneak peek at the final episode behind the scenes with the unstoppable Chicago Bulls and Michael Jordan chasing his sixth nba championship. One of the reporters who knows jord hi, guys. Thank you so much. And thank you, class of 2020. Graduates across the country. We are absolutely unstoppable. From the packed car parades to the principal personally sending off all 60of students and this morning, we are surprising a special group of seniors. 29 of the
Serving. Watch booktv this weekend on cspan2. I am very delighted to welcome you to our event today. Its on the conservative case for class actions a book written by professor fitzpatrick that galvanized this debate. We have three outstanding speakers, panelist i should say. Our first is the head of the class action practice here at gibson, dunn crutcher. Is litigated and defended countless class actions including over 20 dismissals of class action cases. You may have a sense of where his position is on that. He is a graduate of georgetown, undergraduate, and University Virginia law school where he was on the long review, and is alo the author of the chapter in the popular guide series on so please welcome christopher chorba. [applause] our next panelist is the profession selfie wrote the book. He is a graduate of notre dame where he was runnerup valedictorian, but he made up for that when he went to Harvard Law School and one the diploma. [inaudible] a lot easier, a lot easier. And he
There are always little fireball moments. Stevie boom, boom, boom. Lets set the stage, baby. Lemonis in the last seven years of doing the profit, ive visited nearly 100 businesses. Lets go make some money. [ horn honking ] ive traveled the country trying to fix the people. And you do 1 million a year. You should be proud of it. Man but we dont know how to keep any of it. Lemonis . Fix the process. See . It is flimsy. Dont ever make these again. You dont sell them. And create a few products. Woman it reduces anxiety and depression. Lemonis i kinda like it. I spend countless days working on these companies. Man [laughs] lemonis how much money did you burn through . Man 650,000. Lemonis but we cant always fit everything im thinking into the show. [ musical powerdown ] so, tonight, were gonna give you an inside look at a business from season 3 grafton furniture. Over the next hour, im gonna take you behind the scenes to find out how a struggling Custom Furniture company. And what is it wor