The averages pulled back this afternoon with the dow sinking 170 points, s p shedding. 6 and nasdaq advancing the companies that help you deal with post covid reality take it in stride. Analysts finally realize people are investing in homes like we havent seen since the financial period or maybe a whiff of paint and Stanley Black and decker moving power tools or mortgage numbers. Lows hit a new alltime high 4 just like that and you can get this stuff this is not exactly Rocket Science when youre stuck at home of course you spend money on Home Improvement its a capital, not an expensive when uncle sam writes you a check for 1200. Were in an old enough to repaint moment you buy the stocks of lowes or home depot you cant go out for anything. Movies, no, sports, concerts, nothing. Everything is cancelled gatherings are too risky you stay at home and get a cheap firepit, light up the kings ford, clorox product, wipe down the chairs with cclorox, can you go anywhere without these now . I can
Essentially all groups i dont know if Charles Payne is still with us but we are looking at the coronavirus fear factor. 40000 in a single day. If you look at this, about 10 at this moment, this is the fear indicator where we are very nervous, you see stocks generate at the moment. Lets keep it on the level here, texas and florida either shutting down bars or banning alcohol to be served at bars and what is that doing . Its a little bit of fear here. The dow is suffering in outsized way as far as percentages, trump industrial 60 points, two and a half . S p down 64. Look at the nasdaq. It seemed unstoppable two days ago, loss of 237 so weve looked at a significant 200point swing here. Covid19 cases in california cost 200,000 mark. Let throw hollywood come back off the tracks . Coming up, the scenes with movie funding as box office delays pile up and theres now a new date for the pushed out for chris nolans much awaited tenant. Do fears mean the food and trade deals are back . Public mar
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat
Outbreak has slammed a number of sectors especially the Music Industry which thrives on Live Performances we bring you expert insight on the topic with a packed show today so lets dive in. And we lead the program with the latest on the contentious relationship between u. S. President donald trump and twitter now the tweets in question today as unrest in minneapolis minnesota escalated thursday evening as protesters broke windows and scaled a fence and eventually set fire to a Police Precinct station in the city demonstrators have taken to the streets of the southern portion of the city for days following the death of george floyd who died in Police Custody while handcuffed as an officer pinned him to the ground with his knee while floyd said he could not breathe now this sparked protests throughout the nation as well friday afternoon Derek Shaaban the Police Officer who held his new deployed snack was taken into Police Custody on 3rd degree murder and manslaughter charges. In a tweet p
What happens in vegas will happen in vegas. Casinos reopen doors for the First Time Since the march lockdowns began. Get the dice ready it is thursday, june 4 you are watching cnbc. Good morning good afternoon, good evening wherever you may be watching thank you for joining us on a thursday morning the major averages trading at the highest level since early march. Gaining some averages. The dow trying for a four session win streak futures now a little lower 114 points off time to turn it around this has been one of, if not the most remarkable come backs in the history of the american stock market the s p 500 is up 21 this quarter. We still have a few weeks to go in the quarter the nasdaq 100 just. 75 of 1 of a new record closing high. Doesnt look like it right now could happen today the markets pricing again a fast recovery off the pandemic than pretty much anybody would have thought possible one month ago around the world is not just here mostly green arrows in asia and Companies Like