Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
More local economies continue to reopen across the nation, and etf has risen more than 10 off march lows but there may only be a handful of names who have all the ingredients. The secret sauce, carter, have you been crafting something for us exactly how clever, crafting and clever and here we go before we look at acouple charts, this has been a disaster of a stock what we know, of course, is it peaked almost four years ago at basically 98 and bottomed this year at 20 youre talking about a 79 decline. Its not loved only two analysts considered a buy. And, yet, two people hold almost 50 of the stock warren buffet, of course, and 3g global but, anyway, a few charts. So here is the first chart and what we see is that it has all the characteristics of a bottoming out formation, a bearish to bullish reversal. You can see the 150day moving average starting to flatten and actually rise. The second chart is the same time frame but its just showing you another way, the trend line meaning kraft p
Tonights dinner theater its time to risk less to make more local economies continue to reopen across the nation and the Consumer Staples etf has risen more than 10 off march lows, but there might be only a handful of names within it that have all of the ingredients for a continued run higher the chart master, carter worth, has been in the kitchen. Carter, have you been crafting something for us how clever. Here we go before we look at a couple of stocks, this has been a disaster of a stock it peaked almost four years ago, at basically 98 and bottomed this year at 20 youre talking about a 79 decline. Its not loved only two analysts consider it a buy, and yet two people hold almost 50 of the stock. Warren buffett, of course, and 3g global. But anyway, a few charts so here is the first chart and what we see is that it has all of the characteristics of a bottoming out formation, a bearish to bullish reversal. You can see the 150 moving day average starting to flatten and actually rise. The
The virus infections now pushed 8 million globally. Haveoutbreaks in the u. S. Some states weighing whether to pause reopening. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures up 2 10 of 1 . It was a very volatile trading session. We had a boost after the fed pledged to follow through with the Corporate Bond purchase, but then again, we had concerns over a second wave of the pandemic. Not to mention the white house now ending an Unemployment Bonus Program on july 31. We have the s p 500 gained 8 10 of 1 . At one point, they lost as much as 2. 5 . It was a really volatile session. Financials and staples led to gains, after dropping last week by the most since march. Take a look at how the dollar is doing now. We have seen the dollar underperforming against all g10 peers and weakening to session lows after the Federal Reserve made the announcement. Right now, we are seeing more pressure on the bloomberg dollar index. The 10 year yield at 72 basis
Lebeau a moment ago on the airlines and he is back with breaking news regarding american. Take a look at shares of american, the airline is announcing starting on july 1st, starting next wednesday, it will fill its planes completely remember until now it has capped its load factor or the percentage of seats that it would fill on a plane, it would cap it at 70 . Thats going to end as of next wednesday, also adding about 1,000 flights to its schedule in july so this is american saying weve got more people flying, weve got more demand and its time for us to fill these planes all the way. They stress people are still going to be required to wear masks, they will still be pushing the fact that theyre sanitizing planes in between every flight, but the time has come for them to sell every seat, fill every seat and no longer guarantee its capped at a 70 load factor. Guys, this is a day with a lot of airline news between this, the unions asking for another bayout and the airline ceos meeting wi