The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
They are outside allentown, pennsylvania. We will keep our eyes and ears on it in case any news breaks. In the meantime, as the president visits the keystone state, elsewhere, other states are taking more and more steps to get business back to normal. You have been hearing about it all day. But they cant do it without data. Where are the covid outbreaks so they can douse them as quickly as possible. Weve got a fox business exclusive with the Company Already helping governors around the nation set up digital cloud command centers. By the way, the stock is up 101 since april. You will meet the ceo. We will give you the name of the company. And the stayathome orders giving doityourselfers a reason to exist. While husbands and wives around the nation roll their eyes, trex is a clear coronavirus winner in the Home Improvement craze. The deck material maker ceo is here on what everyone is rushing to buy. Plus, we are live at the cdc as it grapples with covids new and terrifying symptoms show
Renewed china trade optimism set to fuel further gains of the open retails big week and the tariff impact into the holidays. Best buy, dicks, dollar tree, abercrombie among the retailers reporting today. And ford challenging tesla to a apples to apples tug of war between pickups and elon musk says bring it on three major indices saw record closes, top trade negotiators from the u. S. And China Holding a phone call earlier this morning the two sides continue to work toward a phase one trade agreement. Trade rep lighthizer, mnuchin, both participated in that call and both sides agree to remain in contact over remaining issues on twitter, you said the phone call last night was very important in terms of furthering a deal yeah. It is real ive been skeptical. This was a real call phase one probably happens Financial Services get opened up president may believe that intellectual property is for real that instead of just a soybean buy, a promise to they would respect intellectual property. Do
Sports what that could mean for the stock and the major sports leagues. Halftime report starts right now. Welcome good to have you with us Jenny Harrington is the ceo and Portfolio Manager at Gilman Hill Asset management and also with us on set today is cnbc senior economics reporter, steve liesman. We begin with stocks falling the fourth time in five days adp only adding fears today that the economy is slowing more substantially. Bond yields also falling farmer jim, im giving you the first crack. Dow falls 500. More Economic Data comes out soft i was told on this desk that the consumer is so good that it doesnt matter if the manufacturing economy is so bad, stocks can still go up but the consumer is a lagging indicator. I tried to hit that yesterday. The consumer is strong right now, but thats the last crack to form, okay . What youve got is youve got pmis, all the ism surveys in the u. S. Are finally catching up to whats been going on internationally. Thats been happening for some ti
Good morning. The subcommittee will come to order. Without objection, authorized to declare a recess of the committee at any time. I would like to have a few members, congressman jordan, congressman meadows, and the subcommittee to recognize questioning the witness. Without objection so ordered. I recognize myself or five minutes to give an opening statement. We are here to amplify the recent Health Warning for the centers for Disease Control related to 530 ecigarette related incidents of lung disease on 38 states. I want to make clear, this emergency hearing at the beginning of this time. On august 23rd officials from illinois recorded the first death due to a mysterious vaping related lung illness and since then a total eight individuals tragically died. In response to this crisis the cdc considering putting the American Public not using ecigarette. Because the subcommittee investigated the use vaping epidemic we feel it is our duty to draw attention to the recent government Health W