We will bring you fast money trades straight ahead. We start off with a zombie ap k apocalypse on wall street. Many icons are among the walking dead like macys carnival, delta. Nearly 200 companies have joined the zombie rank since march. Total debt obligations nearing 1. 4 trillion dollars a lot of these names are names we talk about trading on this show how should we start thinking about this before we get into the walking dead, i want to point out, a great job by our crack staff leading with the cranberry zombie, and delores was the founder of the zombie. I may have gone with Something Like this if the crack staff is listening. We are now two minutes into the show its important to point this out because folks at home are paying attention apparently more important than actually trading our first topic in what is known as the ablock of the show. Its not more important its important we will talk about ablock and Zombie Companies last night we talked about macys and we talked about the
Moo its biden versus trump trump stock, trump stock. Both of which are going in surprising directions. If you you thought the election is over, the president is trying to do an end run around the results and fighting tooth to nail today the dow lost 222 point [ screaming the s p 500 declined points at 8 . Nasdaq dipped 2. 2 hey. I know it didnt feel like it was so bad but if you were in the nasdaq except for a couple of names, wow. They crushed it. Why dont we start there with next weeks game olympian . On monday morning we are coming in and, sadly, im betting we pass the 200,000 mark. Thats right 200 thousa,000 thousand cases an the virus is hurting business. If not monday, tuesday, wednesday, a question of when, not if i know there is a sense that we have had a big vshaped recovery which is terrific. But our inability to stop the spread is putting a crimp on business orders and retail sales. Just yesterday, work day, reported a solid quarter we have the coceos on the show but they me
The pandemic and lines they are shifting Rock Solid Companies are on dangerous footing and outfits are tightened emerging industries sometimes its hard to tell the difference and thats what happened today with the dow declining 78 and the nasdaqed wt a record close of. 95 let me explain the prism if you want to understand this market, the single most important fact is more covid cases are exploded back above 40,000 yesterday. Between 44,000 and 48,000 depending on your source and it really didnt matter to the averages so why the heck didnt the stock market go into a tail spin our country has hands down the worst response to this pandemic than any nation on earth with a few notable exceptions like rhode island, every level of government dropped the ball and not just the government. We keep dropping the ball with kr citize citizens, too. We dont believe some dont believe that this matters. Hey, listen, we dont have a lot of weapons against the virus lets use what we can do the pandemic i
As he calls them unchecked monopolies big plans for the big apple. Finally out with a reopening plan and why the novelty of working from home may be wearing off on all of you it is friday, may 29th, youre watching Worldwide Exchange here on cnbc good morning, good afternoon, or good evening, welcome from wherever in the world you may be watching. Thung for joining us right here on Worldwide Exchange. It looks like it may be a weak end to your week dow futures down about 73 points stocks having a good week so far. But right now, market nerves seem elevated a a bit waiting on the president s speech about china. Well get more on that in a moment despite yesterdays drop, the dow, nasdaq, s p, all the major indexes are on trial court for their succeed strakt month of gains. The nasdaq leading the charge among the broader index up 5. 5 . Now less than that small caps the real winners this week up nearly 8 as investors begin slowly to look past the lockdowns, this may be the story that may mo
Latest kayla . Melissa, this effort by the white house to target social Media Companies for a perceived bias has been under way for nearly a year, but in the wake of twitters Fact Checking President Trumps own tweets, policy officials rushed the executive order out today. Heres what is in it which the president signed this afternoon. Agencies from the fcc to the ftc and many other agencies in between are directed to review liability shields that are provided to these content companies that protect them from lawsuits over what appears on their platforms. The department of justice are directed to organize state attorneys general to enforce the crackdown. The federal government is also going to be issuing a widespread review of taxpayer dollars that are going to these platforms in terms of the governments own ad spending and all of this is expected to happen over the next 30 days. These agencies are supposed to report back and these funding totals are supposed to be submitted to the offic