Than a week. Here on cnbc. Good morning. Good afternoon, good evening welcome to wherever you may be watching here on cnbc. After two volatile, very fast moving days, you may be in for a third of volatility. This will be slightly different. Dow futures off the drop with a gain at the open at 340 points s p also on the upside after the dow lost 1,100 points on two trading days and is already down 5 on the week caused by the historic collapse of oil it went negative on monday and part of yesterday as well. That may contract caused so much stress and now june as the world watches. Still under 20 per barrel the real action you need to Pay Attention to is the International Benchmark known as brent crude. Now around the world more than just an american problem the price sagging to just 17. 05 a barrel is a 20year low. How some investors are trying to trade this to make some money. And some breaking news involving chevron and venezuela, that is coming up. Well head out for news around the wor
Enough, it sets up another round for congressional shenanigans that already hurt Small Businesses. Well get reaction from republican congressman french hill from arkansas. Attorney general bill barr is ready to throw the constitution at states. Jenna ellis joins me in a few minutes. Huge breakthrough in coronavirus testing. All that and much more on making money. Charles so the market rebounding after two days of selling off. You know what . It was a big selloff, nowhere near what weve become accustomed to. Crude oil prices which stablized. Earnings season is ramp up and some hits and misses have been reported, mostly beats but the lack of guidance has been hurting the market. The Market Holding on to gains after a real shaky start to the week. There is a lot of moving parts to the market. I want to get to all of them. Joining me two of the best, kaltbaum Capital Management Gary Kaltbaum and Money Map Press chief investment officer, keith fitzgerald. Lets start about earnings. I dont a
You are watching cnbc. Welcome to the show live at cnbc global headquarters. Lets get right to how your money and markets are setting your day up. Stock futures pointing to positivity at the opening bell if these futures hold. S p up by about 15 and nasdaq up by about 81. S p down about 485 points yesterday. Some are selling the safety of bonds. Twoyear just below. 20 and 10year. 65 checking the price of oil. You can see slight positivity. Wti crude back above 20 a barrel crude up a similar amount. This is as a new report that suggests Trump Administration is weighing a plan to pay u. S. Drillers to keep oil in the ground amid that big back stock there is going to matt in singapore a mostly weaker session for the asia markets investors waiting to see the jobless claims weve got a fairly large piece of Economic Data here in the form of chinas q1 gdp china market did manage to hold up with a very small gain. The shanghai composite holding with a third of one percent. Holding on to hear t
Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity but nothing in the hands of the people. If you dont get money in the hands of people, people will look at the landscape and say its really just falling apart something has to get done. Now theres an expectation that something will get done. If we dont get something done today with the senate, youll give up this whole rally youre banking on the politics getting together for something, otherwise this rally will be comical and you will wish you never bought in. Well be able to offer hopefully peopl
On fast money we try to make sense of what is going on and more importantly, what you should be doing about it your traders on the desk on this very important night are steve grasso, brian kelly, Karen Finerman and brian adomy let get right to it. Todays market plunge, taking the s p 500 negative for the year all of the gains, theyre gone energy, tech, consumer leading the selloff what are you doing with your money following a day like today guy adami, if anything because somebody a lot of somebodies, were selling i think you have to understand and we talk about this, markets go down a lot faster than they go up i dont think today is all that surprising in the context of what we have been seeing over the last couple of weeks and past couple months to answer your question, what do you do you have to sosht of draw your line in the stand. As much as we the root for selloffs to buy things cheaper, when they come, they never feel the way you want them to feel. Thalz seem scarier try to take