I also have a great guest for you, michael kolanovic, j. P. Morgan, he thinks the bottom is in and hell be here to explain why and well talk about what hes seeing and why hes studying coronavirus trends around the world to try to understand the stock market, netflix made a new high. Bed, bath and beyond, that stock is up a little bit after hours and its down about 80 over the past year. We got a triple whammy we have to start with the market bad data on retail and oil falling to 20year lows and the banks continue to drop on their earnings concern guy adami, of those three because i would argue and i didnt think data mattered at all, of those three which one matters the most to you . I think the fact that oil cant get out of its own way out of those three the way that banks have traded, we can talk about that, but the way the data we knew would be miserable and maybe its worse than a lot of people thought and the bloviating and the noise, it cant get out of its own way and the rally las
Welcome to the twilight of the index funds. I think thats the great untold torrey er t story. For years, lots of very smart people told us that index funds were the best, if not the only way to invest. Instead of trying to beat the market, they argue that you should just buy a cheap indecision fund that mirrors the s p 500. But sometimes trying to mirror the market is a bad strategy take the s p 500 you have to own so many havenots along with the haves during this pandemic its changed everything. That at best now, with the coronavirus, youre betting on mediocrity why would you want exposure to troubled Industries Like retail, oil and gas . I know the index fund orthodoxy will never truly be defeated because theres a kernel of truth in it. But man, in this environment, where you cant go out and spend money without fear, even if you just got a 1200 check from the government, youdont have to b a genius to know that the cruise lines are untouchable. But what about the winners, though, what
Your abuse i. Q. While President Trump has launched his initiative to reopen america in the coming weeks americans across the country took to the streets calling for changes to be made now but while some demonstrators say they are in favor of the Administration Others criticized its response to the coronavirus pandemic r. T. S. Rachel blevins is joining us live from the newsroom with more details to this so rachel what else can you tell us about this woman no one in the midst of a nationwide lockdown Many Americans are taking to the streets voicing their opposition to the ongoing restrictions in the name of stopping the coronavirus over the weekend demonstrations were carried out in florida virginia michigan maryland texas california and 10 other states in idaho over 1000 protesters broke social distancing protocols as they go. Rather outside of the State Capitol building in boise many of them wave signs that read there is no justification for taking individual freedom in the guise of
That have. Had the virus attack them while they were forming their functions trying to get people back and we have a number of state Department Officials who have who have covered 1000 now and are working their way through in fact weve had 3 fatalities of local employees not us direct hires but local people who were working for the state department and embassies around the world weve had 3 fatalities so far. So there are some calls on the long haul reconciliation for a leadership change there i was wondering what your thoughts are on that number itself for example as for dr rice to resign. Today i think i dont want to look at this this is not the time to be to be. Doing that kind of change therell be a lot of time to look back and see how the World Health Organization performed in the meantime what our task is is to preserve and protect the american taxpayers to make sure that our resources dont go to places that arent going to deliver on behalf of the American People in the world and
We have useds in churches. We are getting closer. The numbers are getting much. Loser theyre being attacked as we speak but we will all win. At some point, we will all win. We will do it sooner than people think. Earlier today i spoke with 10,000 of americas faith leaders to thank them for raising this peers of our people. Maybe physically apart, we can use this time to pray and reflect on our relationship with god. With 3000 mayors, county officials to provide an to be the virus, to crush youre looking a little more quickly than people thought. Maybe a lot more quickly. It is something we are watching all over the world. People are watching and seeing what we are doing. We are very impressed. We are dealing with many countries. We are giving whatever information we are able to glean. I just spoke with the representatives of the u. K. I think theyre great Prime Minister is doing much better today. He certainly had a tough bout. He is still going through a tough time. He seems to be doi