Thats where were at. The Senate Overwhelmingly passed a 2 trillion stimulus package hoping to ease the burden on families during this pandemic. Im proud to announce not a single senator voted against this 2 trillion rescue bill. A worst jobless numbers of all time. The u. S. Unemployment claims soared to 3. 3 million. A Health Pandemic has become a financial pandemic. There are now more than 60,000 cases in the united states. New york accounts for more than half of those cases. You wouldnt even think about putting the damper on whats going on in new york. That would be outlandish as its going up. No doubt. The family of former fbi agent Robert Levenson believes he died while in iranian custody. Even the easter bunny needs protection. Bakers are adding protective face masks to the easter treats. All that oh, my god. Oh, my god. A reporter bails after a Close Encounter with some bison. I aint messing with you. Oh, no. Oh, no. And all that matters. The nba with mike breen doing a psa abou
Information is incorporated there. Im keeping an eye on relationships between stocks and bonds. Bonds have vastly outperformed you can see the chart in the bond mark ket index. A lot of chatter about how Pension Funds will have to rebalance out of bonds into stocks to keep ratings consistent whether yesterday was a front running of that activity or whether by the way individuals may now use it as an occasion to say my allocation is out of whack because stocks are smaller, that is something we can watch perhaps play out on over the next few days mike santoly, thank you that sets us up well for our first discussion, market panel of the day well start with market action, another volatile trading session so far good morning andrew, ill start with you, how are you advising clients right now . Especially given the fact we are coming off the dow having the best day in 80 years, but historically weve seen these moves on a singlef day basis in the midst of recessions or bear markets. Great ques
Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the leader, s p 500. The equal weighted verse then the small cap russell 2000 you see that distinct tearing on a oneyear bases in terms of what has worked better if you just focus in on the last month, by the way, one month ago to
China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche last night, basically, you dont know where we are it is in flux. At 5 00 a. M. It was x, at 7 00, it was that, 8 30, new view. But the one thing is certain, this story that made the rounds, that the president has put out that h
You can also send us a text at washington journal, we will be happy to read that as well. Please leave your name and where you are writing from. I text 202 7488003. You can post a comment on facebook and twitter. Here is a look at the website of the newspaper out of tupelo, mississippi. Trumpave this headline, takes strike at impeachment inquiry. A big rally that ran about an hour and a half. President donald trump unleashed an aggressive show of oratorical force fighting friday night in mississippi. [video clip] yesterday the democrats voted to potentially nullify the votes of 63 million americans, disgracing themselves and bringing shame upon the house of representatives. They have been plotting to overthrow the election since the moment i won, but the people here that are highly sophisticated no long before i won. 19 minutes after i took the oath of office, the horrible newspaper, fake Washington Post declared the campaign to impeach President Trump has just begun. At least they gav