Still youre a member of our key Investment Committee Carrie Firestone is here as well jim livan that will is here. This is a big program. Jim, im going to you phish on what were watching here the market definitely took a leg lower on news of that regional quarter teen announced here in our backyard. Absolutely. I was counting on a certain series of things to occur. First is the america awakened trade works, meaning we get back to work, we start the long road back, meaning we dont have to hear from secretary mnuchin because things are good. We dont have to hear about from dr. Fauci. Its just all rolling back this 14day quarantine is like, holy carp, its like a civil war. Phil lebeau saying this is bad for the airlines. Its a bit of a reality check, the reality of where we are. I cant think of a better word to use all of the optimism, you know, some acting as though the virus is gone, others trying to wish it away. The reality of the matter is that you have spikes in some big, big places
Corporate taxes will rise in the united states. That is the possibility, they will not rise as profoundly as they drop. I think it is not clear whether we can make that case or not at this point. Romaine we are speaking with stephen whiting. Here is where we close on the day. Pretty much a risk on day with all of the major indices, including the russell, getting in on the action. Caroline nasdaq up 2. 2 . You really can see where the commitment is within the sector. Volumes were lower. Just coming off the back of fourth of july. Indeed, about 10 for the dow jones in terms of trading. It is notable that we are seeing such outperformance from the nasdaq come up 16 year to date. Romaine we crossed back above some key technical levels. The 50 day moving average, it had actually been declining toward the middle of the end of last month. The s p 500tocks in that at one point today traded at or above the 52week highs. Most of those are actually record highs. You definitely have some enthusias
Coronavirus during a virtual town hall overnight. Just ahead, when he believes thd in a chinese lab. I can tell you there is a so many fruits and vegetables defense on honey bees. Significant amount of evidence that this came from that anyway, a threat to the Bee Laboratory in wuhan. Is a threat to you and me. In the spotlight, new for nbc news, joe fryer. Thats about the last thing questions for joe biden and the former staffer accusing him of we need right now. I only have a certain amount of bandwidth for being scared. Sexual assault just ahead, why she says her graphic accusation is not in the that has taken me over the edge. Could that be more 2020, now we have murder hornets. What do you say we cleanse complaint she filed decades ago. Our pallet and talk to carson murder hornet. The dangerous insect just found in the u. S. The very first time. Daly. Thats horrifying the threat to humans and bees and why they need to be wiped coming up, ill talk to the top golfer in the world. Ror
Investing heading back into the bear cage, we are going to ask economic guru if you should head back into that or follow the breakup optimism that were seen today on the market. Doctor was featured in the netflix dock eseries pandemic, she is the one who coordinates the Pandemic Response in new york city hospitals. She is going to come here today and she is going to tell us what she is seeing now and if she thinks the nation is healthy enough to gun the economic engine once again and maybe this news from dickinson, it might help with the metal to the petal, the medicals tech company just got emergency approval for a new covid19 test, not a vaccine, an actual test to see if you have the virus, you will not be relieved how quickly the test results come in. We have the ceo exclusively to explain. And need the kalamazoo kids, they are too Small Businessman from michigan who teamed up to save their businesses by creating a pandemic product. In my Goldman Sachs says sell your apple sales, th
Ahead. Im jack otter. We begin what we think are the three most important things investors should be thinking about right now. Big tech acquisitions under scrutiny by the ftc about what it could mean for investors. Mortgage originations are the highest level since 2005 as housing finally back on track . And trouble at bed bath and beyond and under armour shows the turnarounds are hard to pull off. What to expect for other struggling retailers for on the barrons roundtable my colleagues al roots, carlton english, and jack howe. This story was a little underreported and i dont think anyone knows quite what to make of it federal trade commission made a pretty stunning demand to Tech Companies saying we want data going back ten years on all the purchases and acquisitions we did not look into. Thats nearly 500 deals for microsoft google and several others. And when is the right time for investors to panic because weve been talking for a long time about these guys having too much power there