Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
Going to prosecute. The governor calls these businesses selfish. President trump goes to pennsylvania on thursday and later on this program, we will have numbers from businesses in states that have allowed a partial reopening and ill tell you now, business is good. Moments from now, we have Shelly Luther with us. Shes the salon owner who went to jail for opening early, an American Hero on this program today. One hour from now, dr. Anthony fauci begins his virtual testimony before congress. Reportedly, he will say opening too early means needless suffering and death. The democrats will try to drive a wedge between dr. Fauci and the president. We will have, by the way, the latest on the explosive revelations coming out about what president obama was doing to instigate and set off the russia collusion mess. Turns out joe biden was in the key meeting. He was asked about it this morning. He did not have convincing answers. The status of joe bidens candidacy, the markets stunning recovery, o
Baseball is looking at an 80game season starting in july. Football arrives in september. Disney allowed, what, onethird capacity at its shanghai park and it sold out. While lockdowns continue, they are being challenged most notably by elon musk. Wasnt to op he wants to open his tesla plant in california. The Authorities Say no. Hes going to court and says he will move out of state if the factory stays closed. As for the market, that will open lower. Solid gains recently but a pullback so far this morning. The dow is looking at a loss of 270. The s p down about 30. The nasdaq off about 72 points. Lets get to politics. Big week for that. It is trump versus obama. General flynns lawyer says the plot to undermine the Incoming Trump administration was launched in the white house by outgoing president obama. President trump calls it obamagate. Theres a lot more coming on that one, believe me. Its monday morning, may 11th, already, and another big show for you. Varney company is about to begi
Good morning and welcome. Im anna palmer, coauthor of the politico playbook and director of women rule. Its amazing to see so many of you in the audience this morning for what is sure to be a full day of powerful conversations. I have unique opportunity to speak to female leaders across Different Industries and with varying perspectives and create a forum where different viewpoints can be heard. But the one idea that unites all of us is the notion that when women run, when women lead, when women earn, and when women build, we rule. Today, there are more women in elected office, more women leading corporations, and more women championing causes. There are more women rising to the top. We have reached a Tipping Point and its critical we harness this momentum to continue propelling this generational shift forward. Stage i will be joined on by my colleagues and leaders in the womens role community to examine how women are running, leading, earning, and building across sectors and party lin
Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi