Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
It is not enough to come out and say, i am angry, i am frustrated. Ok. And what . I dont know, but i am angry and frustrated. And you wont want done . Want what done . I want gun reform. Three points. I want income equality. I want a minimum wage of 15, college tuition. Do you want to make that moment work . Yes, you express, but then you say and here is my agenda. Here is what i want. That is what we have to be doing in this moment. The protesters are making a point and most of them are making a smart, sensible point. Positiveave to add the reform agenda that every voice calls for so the government, the politicians, know what to do. There is a positive reform agenda here. There should be a national ban on Excessive Force by Police Officers. There should be a ban on choke holds. There should be independent investigations of police abuse. When you have the local District Attorney doing the investigation i dont care how good they are. Suggestion of a conflict of interest. Why . Because t
Governor cuomo good morning. Another long night in this country. To my left im glad to be joined by dr. Howard zucker and to my right im glad to be joined by melissa derosa. Lets talk about where we are. Lets talk about the facts that we know in terms of handing the covid virus. Were doing better than weve ever done before. The number of hospitalizations is down, has continued to drop the reduction in the number of intubations is down, the threeday average of new hospitalizations is down to the lowest level ever, which is really good news. Were doing a significant amount of testing. As you know, were testing more than any state in the United States. Were testing more per capita than any state on the globe. And the tests are relevant because theyre a snapshot in time. They tell you where you are on that day. Yesterday, we did about 50,000 tests, which is a tremendous is a tremendous amount of tests. Less than 1,000 people tested positive. That is the lowest number we have had since this
And out industrials, which youll be getting more for months. Since then, weve seen honey well, United Technologies reports, along with a usually disappointing preannouncement. Yet after an initial dip, they all went higher. Only ppg proved to be better than expected and that just kept them from flying. Today, though, we got excellent numbers from boeing and General Motors and that reinforced the group that this group is too important to ignore. My job is to explain whats happening in the stock market. Because of worries about World Economic weakness, worries to keep Interest Rates lows, Portfolio Managers underweighted this group dramatically or sold far more than what they should have against what had been the benchmark in the s p. They owned 8 . This underweight situation coupled with the fact that many Money Managers are just now warm ug up to the notion that theyre improving, the Chinese Consumer is start to go buy goods again. All these sign ves made the Portfolio Managers frantic
But only for a few days before the market loses interest and moves on to some in you theme. Consider stocks like United Technologies, honey well and boeing and ppg been they were loathed. The market hated them so much that the they became incredibly oversold. Meaning they kept going down and down and down to the point where it seemed to be sunk. Then out of nowhere, a couple of things happened and the big Portfolio Managers, something changed their view from bear stocks to bullish in the blink of an eye. For starters, General Electric had a onetwo punch. Got the endorsement of nelson pells and the only one of his kind who, if you consistently followed him, you beat the market even if you bought the position after it was announced and after it spiked and he got involved buying a ton of stock. True to form gd stock has been roaring ever since. Last friday, ge stellar quarter, that was the signal that theres now an appetite for these down and out industrials, which youll be getting more f