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Will it work . One of the main incumbents, good rx, shares their answer to the new competition. The bitcoin rally continues, but for how long . Brad darling house will have his take later this hour. Tech share is leading the market higher as more covid restrictions, staying at home for the foreseeable future. Scientists are racing to make advances on the vaccine front, but there is a long winter ahead. Joining us now is abigail doolittle, taking a look at the Market Movers of the day. A lot of conflicting strands. How does it add up . Yesterday, we had the bearish , the risk off news about Public Schools closing. The Biggest School systems in the u. S. Closing on the virus. We have hospitalizations at a record high in the u. S. Stocks yesterday sold off. Today, they rallied. They started in the red, and were flat on the d ....
Theirx joins us to share answer to the new competition. And, the bitcoin rarely continues but for how long . But first, tech shares leading the market higher as more covid Restrictions Mean more staying at home for the foreseeable future. Scientists are making to make advances on the vaccine front but there is still a long winter ahead. Joining us now, Abigail Doolittle taking a look at the Market Movers of the day. Lots of conflicting strands here. How did at up did add up . We had the bearish news yesterday about Public Schools in new york city closing server restrictions on the biggest schools in the u. S. Stocks yesterday sold off. Today . Not so much. They were basically flat on the day. At the end of the day, the nasdaq 100 climbing by three quarters of 1 ....
To talk about the markets. I will bring in romaine bostick. Romaine of course, the worst yesterday. 987 we retraced some of those losses today, about 6 . Almost all of the sustained buying, defensive stocks, talking about utilities, real estate, consumer staples. Utilities attractive at this stage because a lot of these Companies Pay dividends. When you talk about consumer staples, we are talking about , a lot of the goods, like food, cleaning supplies, and other sort of essential staples. Another aspect we saw, recommending stocks that they say are great places to hide. Facebook,ut amazon, saying the workathome movement we are seeing here, of course with you being sheltering in place, that that will be a boon to companies that deliver like amazon, or like facebook. They are also recommending Companies Like walmart. Again, the stocks moving higher are those that stand to benef ....
Back now all i know is that that alarm is still its very early when it finally goes off thats hard to when your on vacation does your body clock still make your get up early 730, yeah. What is that three extra hours or something. Thats like a weekend for me. I think we both do that. You cant, after all these years. And i think ben franklin was on to something, i do im not missing anything with that latenight tv, right . And by late night i mean like 9 00. Weve got a lot to tell you about today. We want to get to the futures moves in just a second but i first want to show you how we got here. The dow dropped 390 points during yesterdays session fell back below 26,000 bond yields resumed their augustdown tuaugusdown turn the rate cut jumped sharply. Now its up to 100 in september. Thats the betting line right now. And 82 in october some people alt 55 now on recession. So i dont you guys got a feeling on that . I mean, does the yield curve mean theres a recession because is there anything ....