Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t
Welcome. Everybody has a bad day now and again, and some more than others. The same is true for stocks, and this was quite a week. Ongoing fears over a trade war with china sent stocks ler. The nasdaq and the s p 500 were off more than 3 this week. The nasdaq, just about 4 . It w the worst week of the year for those indexes and the better than you marked the second worst for 2019. As for today, the dow lost p nts to 26,485. The nasdaq dropped 107eand s p was off 21. Actually, a trade dl was reached today, one that will help the nations farmers. While it wasnt exactly the deal that wall street has been waiting for, Kayla Tausche tells us it is connected to the tensions with china. Reporter frularated with the of progress in china talks, President Trump went roosevelt room to announce a deal with europe, boosting agr y p of supporters. My administration is standing up for our farmers and rancher like never before. We are protecting our farmers. We are doing it in my ways, including with
After lagging the market all year, health care is showing signs of life, and the chart master says theres one group thats about to shoot up hell break it down. And tech stocks just had their best first half since the late 1990s, but dan nathan says theres one name thats come too far too fast and heres a hint. Can i just say mag au look at maga. You will need the maga or the faangs, i think we call the maga. I got maga. It is time to risk less and make more. The action begins now. And we do start with the tech trade that is raging this year the sector is up 26 , best first half in more than two decades. The four biggest tech stocks, microsoft, apple, google, amazon, adding a combined 600 billion in market cap for 2019 will these tech titans continue to rumble . Lets get in the money dan, i hear you got that acronym for maga it is not the one that im familiar with. No. Not that one . Were going to make acronyms great again. Lets talk about the four names, microsoft, apple, google, amazon
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any