87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
A political transition and bolivias former leader abel morales heads home from exile in argentina just days after his party swept back to power we will have a live update from one of science. To simply told you sport is less than the brim of age schools in stoppage time as a simulation state some of the telly and league while he goes to the dont call in show. The fight against covert 19 may have taken a significant step forward this monday the u. S. Drugs make a fine vaccine candidate has proved to be more than 90 percent effective bringing some hope in a pandemic thats killed nearly 1300000 people all over the world now pfizer says it is on track to ask for permission to sell the vaccine before the end of the month but u. S. Health regulators have. Theyll need some time to review any potential vaccine the head of the World Health Organizations also been calling for Scientific Solutions and solidarity to end the pandemic that was what proved to be a largely Virtual Meeting of the w h o
Or is Something Else to play. We will get into it but as i can see the major indexes down in the nasdaq up 3 . Following reports of the november surprise on a vaccine bio pharmacy ceo pledged to take the over speed when it comes to treatment. Tesla feeling a little dented this morning after getting snubbed by the s p 500 despite four straight quarters of profit the benchmark index says no thank you very much, we will discuss the implications of that. In Washington Congress returns as a stimulus stalemate continues, white house chief of staff mark meadows kelli Maria Bartiromo in the last hour he thinks the deal will get done and soon. We are 56 days away from the election for the battle of the swing state and definitely heating up. President trump touting a rebounding economy as a hits florida and North Carolina today and we will see him leave later this morning. The president is threatening to cut ties with china and issues of stock morning if joe biden wins. And how about this, the h
Haftar says his forces will stop fighting during the holy month of ramadan. And there we have it that were having to live dumping to let go. As demand for projects drops due to the pandemic warnings of a catastrophe for the u. K. Stabbing industry. Welcome to the program the us economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and theres concerns the crisis caused by the coronavirus pandemic is only going to worsen she had returns and starts our coverage. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an idealized rate of 7. 6 percent the largest drop since 980. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far higher than these numbers a 4th quarter in which the economic locked down only
Has been anemic over the last 20 years so will it need a eurozone bailout. Car plants employing 14000000 people across europe are shutting down we talked to b. M. W. About the future of the industry. Spending the only a cash on stock buybacks to make shareholders richer airlines are begging for bailouts. Well the worlds biggest economy and its 60000000 citizens are under lockdown italy became the 1st european nation to introduce drastic measures to control the spread of the corona virus outside of china italy has reported the most deaths from the virus schools have been closed shops have been shuttered businesses are winding down nonessential work and transport hubs of ground to a halt. Well the Italian Government has pledged 28000000000. 00 to ease the burden of the pandemic that includes helping companies homeowners with their mortgage payments and people losing their jobs well italy really needs all the support it can get right now its never really recovered from europes debt crisis