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How many does it take to stop a raging bull a bull that produced the best month for the stock market in 33 years . I think we might have found out today. Looks like 30 million. Yep, just as we learned that we had the best rally since january of 1987, an admittedly inauspicious year, 1. 2 is the slowest pace this month. We also got incredibly bad news. Jobless claims bring it to 30 million over the past six weeks. No wonder the dow tumbled 288 points, nasdaq shed. 28 today this was an explosive situation. The market was overbought. We have again another Great Depression with the unemployment number that is not confidence inspiring for me i dont know about you when we saw a great labor market before the pandemic, id still be concerned after the run from the bottom stocks had gotten too hot. Were now at plus 7. 2 , the s p range oscillator, the one i swear by it fell to bottom 20 anything above plus 5 is overbought 7. 2 reading mak ....
Lunch. Take a look at where we stand with the markets stocks are higher across the board as investors brace for the busiest week of earning season thus far the s p pacing for its best month since 1991, if you can believe that thats as Oil Continues to crash. Crude down about 20 today supply over flows and demand craters in our calmed economic world. As america looks to reopen the economy grads yually, purdue sas class will be in session this fall the University PresidentMitch Daniels said there is zero lethal risk or close to it for students he will join us shortly. Kelly, over do you thank you more than 140 S P Companies and 14 dow components are all reporting earnings this week lets get to bob with the latest it will be about quarter of the s p 500 reporting. ....
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit ....
Answers and a white father and son are arrested over the killing of arboretum who was shot to death while out running in georgia. Thanks for joining us we begin in the u. S. Where new figures released on friday show unemployment has surged in april the largest rise in close to 90 years tens of millions of jobs have been wiped out across the country as the coronavirus lockdown crippled the economy unemployment skyrocketed to 14. 7 percent it was 4. 4 percent in march and april 20 and a half 1000000 jobs were lost the worst result since the Great Depression which began in 1929 its far exceeds the 2008 global recession when 8700000 jobs were wiped out our White House Correspondent kelly how kits has the numbers were expected but not welcome. The u. S. President reacting to them in just the last half hour speaking to reporters talking about these numbers and once aga ....
Like a market rather than an Amusement Park ride. The dow gaining over 200 points and the nasdaq climbing 1. 6 im calling it a refreshing p e pace the options are hanging in i think because the market already crashed. People dont get it. We went from down 29,000 to down 18,000 in a couple of weeks. February and march were hideous. Its okay april gave us a little bounce package good stocks and the railroads and even a casino. Las vegas sands. I didnt know you could go to one. Next week is a tougher one household names have run up substantially. Its going to be a true test were going to here from nxp semi theyre a chip maker with a window to apple. Listen to what they have to pay. I think they have too much auto exposu exposure, but its worth focusing onto for insight into apple. Pepsico reports on Tuesday Morning. We know cocacola saw adecline on soda post quarter because the ....