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Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night abou ....
Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings theyve done a little bit, but ineffective when you look at the carnage thats out there in stocks like u. P. S. And microsoft, which both had good quarters im very cautious on the markets. Were through earnings earnings hasnt been a lift. Even though its a good earnings quarter, put it in perspective its still down 16 year over year so, markets are way overvalued corona is a big issue. I dont see returning to march lows because i checked the nu ....
It is a blue shirt. It is because they dont know how to do the lighting because it is darker outside now. Ive got the blue and it shows up every day here in the bunker im envious i want blue but im unable to perform. Sad. Lets show everybody what we are seeing for the end of the week here. We have a bit of a mixed picture. The dow looks like it would open down the nasdaq looking to open higher as well the first down day and on pace to snap the first twoweek streak amazon closing down 2 and a quarter of a percent a little bit of a rough ride there. This next story will keep on giving i hope it stops reading. The more i read about it, both sides are locked into things the other side wont agree to one comment about the tech wreck. I know, i know the house is not burning isnt going to do anything for anyone. This will unralravel completely it is nutso on the upside. It seems like it is less accepted moving up then down 7 it is like oh, my god, will the sun come up tomorrow New York , United States , Ryan Point , District Of Columbia , Scott Gottlieb , Luke Ellis , Joe Biden , Paul Meeks , Jim Cramer , Andrew Ross Sorkin , Robert Frank , Andrew Eamon , Tim Cook , Jamie Dimon , Hadas Deidre , Steve Ballmer , David Faber , Libby Andrew , Larry Ellison , Ryan Dietrich , Wilbur Ross , First Day , Goldman Sachs , Jp Morgan , New York School , York School ,
When the selling is resuming for a weekend there nasdaq lost 11k. It is the worst two days they are trying to get 3400 back as the fns or week. Lets check in with bob pissani and get a since of what you think is going on. What was interesting is we were drifting lower going into the nonfar payrollm payrolls there is tech to the downside. Right across the board industrials are a little weak. Energy is better and bank stocks are up as we have seen the yield curve steepenning. A lot of pressure in the middle of the day the stocks in the last several days, he would have gone on a up and down in the last five or six days and i will show you a couple examples of that. These are all stocks that have been extremely frothy in the last 60 trading days docusign had excellent numbers and very positive commentary overall. So what happens next in a correction when you get big frothy runups you can overshoot. Nvidia when from 505 to 580. All of the way down to 580 you can see it is slipping below tha ....