All out on the hardhit travel giant. Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the market is imply
Is life with more. The white house put huawei on the blacklist a year ago, but the administration is still worried that it is relying too heavily on u. S. Technology and on u. S. Software so today the white house is tightening the restrictions around a supply chain. Companies will now be banned from providing huawei with chips made using American Parts or American Design unless they receive special permission from the commerce department. Of course, this also applies not just to huawei, but also to its affiliate including its inhouse chipmaker silicon and it comes at a time when the white house is trying to blame china for spreading the coronavirus. Just today this afternoon President Trump told reporters that he is not thrilled with the possibility that china wont fulfill its obligations under the phase one trade deal and on this move against huawei, the president does have the backing of the gop china hawks on twitter senator rubio said the u. S. Has to take strong action to cut off
Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the Options Market is implying and normally in this situ
Google and others as you noted that will help us supplement or support the, forts of the individual tracers and an army that were all starting to build and train to be able to ultimately move back into an economic point where more of our businesses are opening up every hour and not just every day or every week yeah. Theres a lot of discussion there and youre offering us a little bit of hope there gavin newsom, the governor of california, mulvaneys in sacramento and a shout out to gardenia bread, encinitas, valley junior high school. Thank you very much. I do appreciate it, sir. Very grateful thank you. Take care all right. Do not go anywhere tonight we have a very special friday night for you, jim is off so no mad, but well be doing another full hour of fast money from 6 00 to 7 00 options action is ahead 5 30 to 6 00 and from 6 00 to 7 00, 3 00 to 4 00 where we were talking about fast money you are watching cnbc and the dow is up today. Were back after this. There are times when our n
Pandemic may have been that chip on the jenga stack, if you will. Brian, if you want to say its a house of cards that was built by the policymakers in order to bail out the Financial System during the crisis one day, you know, a breeze came along and knocked over one with the cards and its bringing the whole house down well, the house, the equity market rose 13 this week. I understand we are still well down on the year it seems like the fed has shored up the credit market, but it sounds like youre not believing that the bottom is in yet. No, i dont think so. I mean, brian, when we look at some of the data that were getting with Unemployment Insurance claims and so on and so forth, you know, it would suggest that, you know, were going to get to a place worse than the financial crisis economically unemployment perhaps around 15 and Economic Contraction for the year, say maybe in the neighborhood of 10 . These are pretty nasty numbers and when you look at valuations on stocks, the degree