The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
Than a week. And in real estate, remaining a sellers market. That and more coming up. Good morning, good afternoon, good evening welcome from wherever in the world you may be watching. Im Brian Sullivan if you were hoping for another day like yesterday, you might want to get another cup of coffee things more se date. Futures are flat to slightly down futures are a little in the red. A far cry from yesterday where we had, in case you missed it, a 900point surge. That was that averages best move in more than a month. There is really three different pieces of news that gave investors peace to buy you had new numbers that show the fatality rate. Midto late march many states have reopened. Did not show big jumps in their new cases. Federal reserve chair jay powell, ill sum riz, the bank will throw an unlimited amount of money at the problem and Interest Rates are not going to move higher anytime soon hope around the vaccine moderna stock surging more than 20 yesterday. Shares up slightly to
Governor newsom, unlock these doors. Governor newsom, open up our churches. Churches say they can do a lot more for their community if they are opened. For example, ax full gospel on saturday will pass out food and cash cards to member of the community. Churches and pastors from up and down state signed a letter urging the governor to allow them to reopen by may 31st. Allen . So don, its pretty clear how the pastor is feeling, i guess the question now is will the faithful fill their pews . Yeah. Thats the big question, if you open it, will they come . And keep in mind, churchgoer demographics, a lot of seniors, older people with preexisting conditions. One churchgoer i talked to says shes not ready to go back to church yet. Well have more on that topic at 6 00. Thanks so much. State workers could see a 10 pay cut if a proposal by Governor Newsom goes through. Part of his plan to address the projected 54. 3 billion budget deficit. Largely thanks to the pandemic. The governors may budget
Basket size and looks at the issue of what happens when you are able to open and a lot of your competitors are not right i think Doug Mcmillan has the four stages of, lets say, the opposite of grief and acceptance its more like acceptance and euphoria at the beginning theyre stocking up. By the end theyre buying tvs. He laid out a course that i felt was very, very optimistic. But not that optimistic for anybody who competes with him. When you hear what hes winning in, its every category that the Small Business guys do its the bicycles. They have the good tvs going boutique games owns all of that now he owns video games now. There wasnt anything that i heard that did indicate that you go to walmart instead of a Small Business david, doug was very interested in the fact that you bought your pullup bar there, that you might have gone to a gym, but you took that order from a Small Business guy and you gave it to the king yes, i guess that is true the power tower, it wasnt cheap. But its di