This follows the fed chair powells comments on an uncertain economic recovery. Airline stocks are lore wer as e group pushes for more money. Time we got the details on that. Later moderna laying out its time line for vaccine as President Trump and the cdc contradict each other about when one will be fully available to americans. Maybe were splitting hairs a little bit maybe not. Well separate fact from fiction. Kelly, bye it feels strange to be this close to someone other than any husband. Lets take a look at the big board behind me. Whats leading the way industrials and materials. The only two sec sotors in the frie green. Thats the trend we have been seeing this week its the opposite story for tech down today down about 8 in september after an epic run for this group. Lets get over to bob. Hello most of the big megacap tech stock amazon, facebook, apple are down were getting one of these periodic boost from the cyclical slash value, slash reopening look at these material names and in
Quietly introduced yesterday and promises to be an in home assistant to respond to the voice commands. If you have sy ri on the iphone, do you need that . Stock continues to lag. A lot may be riding on the surprise new device. What its about and what it means and brings to the table here in technology. Yes. We will. And now market where markets stand in the final hour of trade. Back and forth today, up and down on the back of the payroll report. Right now, the dow off 8. Is weaker by about 1. Nasdaq off 13. We should mention, of course, yesterday at least the dow and the s p closing at alltime highs here and just slightly below the levels for right now. Musics like game of thrones, isnt it . Parallels, im sure. Lets get to the Closing Bell Exchange for a friday. We have jeff taylor with us today. Ken mahoney, mike laguni, heather loo mismis and rick santelli. Heather, what did you make of the jobs report . Pretty strong. I think it continues a long trajectory of pretty good trends on j
True but look at gold today up 40plus dollars, back above 1,300. A lot of traders are wondering whether the market is responding to Janet Yellens comment yesterday that the inflation data has been nothing but noise. Well get into that in a moment. Private equity legend jay jordan says this market is overpriced and too risky right now. Where is he putting his money . Well ask him in an exclusive interview ahead. Looking forward to that very much. Also, netflix trading lower today despite that major announcement that Chelsea Handler is moving her late night show to the streaming Video Content Service in what is being billed as an historic move. But the market is not buying it. Not impressed. Youll hear from an insider who says this movie is not a slamdunk success for either netflix or Chelsea Handler. Thats coming up. Heres where we stand in the markets right now. Stocks under a little bit of pressure a day after the s p 500 set a new high after Janet Yellens comments and the federal res