Claims that have the has the latest corona Virus Outbreak under control give report on how the Chinese Government is expanding its question of any criticism of its handling of the pandemic plus as cape town braces for corona virus infections to peak at the end of the bronx we will be asking why the south africa city has seen war cases and doubts and the rest of the country. Im sorry kelly walked into the program the leaders are holding a Video Conference at this hour on a Financial Plan to help the bloc emerge intact from the worst economic crisis in its history now the Virtual Summit is the 1st step in what is expected to be difficult negotiations. They are discussing an unprecedented 750000000000. 00 euro carona Recovery Fund leaders will meet face to face next month for the 1st time since the Coronavirus Crisis began in february. And lets head live now to brussels where mattis is following the talks for us and there are certainly big political fault lines in these negotiations so wh
Anticipate what will work in that time frame and what wont but after another shocking day, particularly for the sell in may and go away crowd, where the recovery stocks roared, the dow gaining 533 points, nasdaq advancing 7. 7 , the market does not lend itself to that easy divining right now the future is too binary the market feels much more like a horse race where there can be only one winner in a very crowded field of contenders. But its a long race and were still far from the homestretch so it could go either way. Who is running in this race . The first group is the subset of the cramer covid index the storks that enable the stayathome economy think everything from zoom, video, papa johns, dominos. Papa johns 33 sales, thats good news for that horse second group, the recessionproof stocks, mainly the food and consumer Package Goods plays especially ones that make hygiene supplies. During the lockdown, worries about covid, hey, but covid may be waning, lockdown is ending. Third, you
Our Investment Committee today will debate it we are in the red for the s p and the dow. Were off the session lows like carl pointed out, it may have had something to do with the headlines coming out of the new york Governors Press conference where he mentioned a phased out idea starting this friday the dow industrials only down 140 points the s p down the nasdaq is tech stocks up half a percent 9165 the level there our Investment Committee are making some moves today. Steve, youre seeing a couple of things happening in your portfolio. What have the recent moves done whan and what are you trading in and out of im not trading out of much i did sell some peleton. It worked out tremendously well. Not quite a double but fairly close. I still have some left what ive done is and i did this on friday afternoon is i added to baba in expectation of disney opening in china because i thought that would lift the market ill reduce that position back to a core position i bought some out of the money
Stocks as well. At 4 00 oclock on wall Street Markets were downwith the dow industrials taking another step down near the close so we were down sharply in the morning, leveled off in the afternoon, went back at it at the close, down 592 points on dow industrials at 4 00 oclock yesterday. Earning season rolls on. Big names include cocacola, lockheed martin, Philip Morris and travelers this morning. After the bell attention turning to streaming giant netflix. We will anticipate what the numbers will be. President trump saying he will sign executive order temporarily suspending immigration as part of the war against the coronavirus pandemic. Getting america back to work, georgias governor announcing businesses can reopen this week. Other states including South Carolina and tennessee also starting to ease restrictions. Meanwhile battle over additional coronavirus aid continues on capitol hill this morning. Businesses are waiting for the muchneeded funds to become available. Senate likely t
Questions, there will be a signing. We have books behind the register. When you come back david will be happy to sign them and then finally after everything is said and done if you could collapse your chairs and prop them up against the wall that would be greatly appreciated by the staff. Thank you. So yes, tonight politics and prose has the pleasure of hosting david enrich at the New York Times. He previously was a reporter and editor at the washington journal, new york and london and was a journal editor. Hes won numerous journalism awards including 2016 journal for future writing and previously the author of the Spider Network hell a genius and scheming that bankers pulled off one of the greatest scams in history which was shortlisted for the Financial Times best of the year and his new book dark towers Deutsche Bank donald trump and the epic trail of destruction, traces the dark history with the president as well as the tragic case of William Brookes illustrates the evolution of ch