The model 5 new as elon musk does a huge stock split, five to one. And when does 20 equal 80 . It is your morning riddle. It has to do with bonds and yields were going to show it to you coming up in your rbi on this wednesday, august 12th and this is Worldwide Exchange right here on cnbc. Well, good morning, good afternoon, good evening and welcome from wherever in the world you are watching im Brian Sullivan the rbi is really interesting today. It maybe, just maybe shows you how price sensitive allamerican borrowers really are thats coming up well get that a bit later on in the show right now lets get to the market futures are back on the rebound. Up another 250 deja vu all over again thats where we were yesterday higher across the board. Today many technicians might say an important day because we had that huge reversal in the final hour of trading. The s p 500 which at one point was within half a percentage point of the interday alltime high closing lower Major Technology leading th
Midmarch. Well get to macys and more and oil above 34 as the reopening drives demand. Jim, you just said to joe the reopening is working and Even Companies like ford that might have to send a few workers home on a given day are finding ways to adapt look, things are a little better his is the depression taking off the table. A lot of people seem surprised when you get an expedia number where they say theres a little more travel, and best buy is able to do a good job doing curbside pickup. People turned out to be more inventive. We heard that from Brian Cornell yesterday, and hell be on the show today facebook being inventive a lot of people have figured out a new way to do business in a pandemic and i think its vising because we didnt think it could occur im not predicting some sort of gdp revival, but i think that ingenuity is playing a big role in this particular moment when it comes to the pandemic i do want to get quick to some Home Building because theres some numbers out that 41
Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre
Industrial average ended the day on the down side on its lows maybe not the best sign for tomorrow welcome, everybody im Brian Sullivan i have a full show for you as always, guy adami, tim seymour, dan nathan and Karen Finerman are your Investment Team today great to see everybody still social distancing here lets just right into this, guy adami, because it looked like we would carry through mondays momentum we did not do you have anything you can put your finger on to say this is why we rolled over yeah. Pretty much everything weve been talking about for the last two weeks and im not trying to be a wise guy here, but since that low we made a few weeks ago and as it became somewhat clear the bounce was in play, weve been saying for quite some time that the logical level for this thing to bounce was 2790 or so in the s p 500 and we came with a little more than a percent of that in terms of what it did today, again, im not trying to be funny here, but it didnt surprise us all that much b