Expected i think were going through a period of i hate to use that cliche, rational exuberance. People want to get back in the market and theyre being when you see this nickel you featured highly for the last couple days, people are just anxious to put money. Theres a lot of money on the sidelines. And i personally think that we should be concerned and be concerned about whats ahead for the economy. The rest of the summer and into the fall i mean, i think were living in artificial dream world at the moment i think unemployment is going to increase i think that businesses are not going to come back to work as fast as they have. On the other hand, on the other hand, and im going to be selfish, we have companies that are doing well in this environment. But they in special neariches. There are companies who are going to increase and probably certainly a company like facebook and apple and several of the others you mentioned are beneficiaries of this times were living, the Delivery Companie
59 minutes we are session highs on the dow record highs on the nasdaq composite intraday and set for a record close coming up, the rebound for Airline Stocks has been fast and furious. Is there enough demand to justify the rise well get a firsthand look with robin hayes. Plus, a powerful email from a Goldman Sachs employee about equality in america made the rounds on wall street in the past few days. Well speak with freddererick ba that is coming up on the show. Lets focus in on the big stories were watching to day. Mike san thole and Brian Sullivan watching the Energy Sector which is helping lead the market gains today mike, lets kick things off with you. Yeah, well, this rally continues to impress not just in the magnitude of the gains since the march 23rd low but the persistence of it. Look at a two year chart this is really now a broad move. Up until around this point, you can say it was relatively narrow yes, some of beaten down stocks gained most. Mostst reas of the reason is th
Were not seeing anything like that today. We have tech stocks that are lifting the nasdaq right now. Dow is down about 44 points but the nasdaq looking nice and strong here, up 94 points. The coronavirus pandemic of course is still causing not glitches but massive disruptions in particularly the u. S. Meat supply. Shortages are now upon us, as stores now limit purchases of beef and pork and chicken to prevent hoarding. That has beyond meat surging after the plantbased meat giant reported better than expected quarterly earnings. That stock up 23 . But its biggest competitor, oneupping beyonds good news. Impossible foods and its ceo pat brown are here in a fox business exclusive on his huge deal that he Just Announced with kroger and how virus hot zones are popping up in meat plants and spurring consumers to make a big change in what they are putting on their dinner table. And as lockdowns linger, more companies are realizing that keeping employees working from home might actually improv
Years ago. But today every s p sector finished solid in the green. And also more big moves in bounds ten year treasury hitting its lowest level at 1. 03 , it did bound bounce back, but yields are still down 40 this year simply incredible day all around and the trillion dollar question that we ask tonight, very simple one, should you put your faith and your money in the rally that we had today welcome to fast money, im Brian Sullivan thanks for joining us. Your traders are at the desk guy, kick us off because we have this rally truly incredible. Ended on our highs are you a buyer . Remarkable, right im not going to pretend to say i saw this coming or any percentage of this coming today. But what we talked about on friday and i know it because it was only a few days ago, wechd you can take some sole police in todays action on the fact that couple things happened the market has bottomed on days where the vix has traded somewhere between 35 and 40. We got that in spades on friday. And we a
Plane was shot down by an Iranian Missile. Boris johnson agrees with that view while ron dismissed the theory as not possible. Weekassets and a volatile with futures pointing to gains again today. Gulbis trading back where it was before u. S. Iranian tensions flared. Clearer picture today the payrolls number can show a rebound after a strike at gm skewed results in october and november. December is typically a job losing month. Larry kudlow joins us after the event. Jon ferro will talk to him. 2 30 p. M. London time. We are just under an hour away from the start of cash equity trading in europe. Lets take a look at the futures. They are up across the board after we saw gains on almost all european indexes yesterday. The ibex 35 was down. Everything else had green arrows. A new high on the s p 500. We still see u. S. Futures higher as well after those records were hit. It looks like investors are willing to go further into risk on territory. What you see on the gmm . Gmm, before we get