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Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the lea ....
Are straight ahead this big bank is underperforming the peers and today one veteran analyst says sell its our call of the day Investment Committee is ready to go. Halftime report starts right now. It is good to have you with us on this thursday. Our Investment Committee today liz young is the director of market strategy. Another high for the nasdaq. Pete, this ramp continues into the end of the year. S p is at 23205 phase one what we talked about led into that thing. People have gotten comfortable we continue to kick things down the road because of that i think its given people more fuel to want to be somewhere else in the market particularly in some of the nasdaq stocks with growth. Some of them have easy still, the valuations arent too stretched. Some of them are that the ones im starting to avoid more and more. I think that some of these names are great. Theyre ....
Thanksgiving coma and the ending the threeday losing streak are a set of records around the corner or this rally a flash in the pan. First of all, welcome. Thank you. [ applause the man. The momentum killer i just drop the hammer on momentum up. We call these the ifbs they told me in your name that your name at hq is c. Quint. We might take the quint thing. So, quint, to answer the original question today was a flash in the pan december 15th columns. The december levies the tariffs, the market goes down i would think it trades down to 30, 90 or so handles from where we are now and then another conversation but today was a bounce from the market down three days steveo. I do believe the market will bounce back even the last two weeks of the year if he puts on the new tariffs. So i agree with that level too 3,000 roughly in the s p but the market who wants to he will is the market . Long onlies want to be long it long short hedge funds will underperform if the market trades lower so momen ....
Minutes. All righty so we shall convene the Board Meeting all right. Thank you all for coming mr. Clerk would i like to call roll please. Commissioner cohen will be joining us later commissioner meiberger commissioner bridges commissioner driscoll commissioner makras commissioner paskinjordan i believe is here commissioner stansbury a quorum is present thank you well start with the announcement first of all, we will go into closed session be our first item for the day any members of the public here okay. Good on the ground well go into Public Session after the closed session any members of the public will be letting you know well go into closed session so the chair will entertain a motion to go into closed session commissioner confirm Public Comment. With any members of the public like to comment to into closed session to ....
I believe is here commissioner stansbury a quorum is present thank you well start with the announcement first of all, we will go into closed session be our first item for the day any members of the public here okay. Good on the ground well go into Public Session after the closed session any members of the public will be letting you know well go into closed session so the chair will entertain a motion to go into closed session commissioner confirm Public Comment. With any members of the public like to comment to into closed session to discuss the matters hearing none. Public comment is closed. A vote is not required okay. So well go into executive sessions any members of the public your excused we will reconvene what w when were done if youre session. Okay good afternoon, Everyone Welcome back mr. Clerk can you tell me ....