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Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the i ....
Fourth positive session, up 2. 7 . Just the banks really are lower in the s p, a few oil companies. Crude oil trading down 6. 8 , back hello 21 a barrel. Back in itsyield range. The vix at 38 and change. Lets get a deeper dive into the markets with abigail doolittle. Abigail you were mentioning the gains in the s p 500, and certainly that is the case, a risk on tone from a stock perspective. Each of the averages is up 2. 5 . The nasdaq 100, make a cap companies, amazon putting in an alltime high, up almost 4 . Interesting, we have bonds higher, even as stocks are rallying, so that is something to keep in mind. Bank earnings were pretty disappointing with profits plunging and loan provisions on the rise. You were talking about how it is cooler today from yesterdays volatility. This is a year today chart at 90,highs, almost closer to when the s p 500 was closer to 2200. At this point, back below 40. It is worth noting, just a few months ago, if you talked about the vix at 40, traders and ....
With the gold price. 20 . It would not seem dollar weakness will be translated into gold strength. That correlation is somewhat weak. Thats where we are at the moment. Getting more reaction to this mls cut taking place by the pboc, the right now 2. 59 percent. It was 3. 15 percent. They cut it in the middle of february to 3. 15 . It is really to prop up the virus hit companies. It should translate into the reduction of the loan prime rate, which is out on the 20th. Lets move to the first word news as we join Karina Mitchell. U. S. A a deal taking off, airlines have agreed a preliminary deal with the Treasury Department to access billions in aid. Carriers. All major American Airlines will get 5. 8 billion in payroll support. Southwest will get 3. 2 billion. As part of a 25 billion dollar assistance package for co ....
Amendment. Always. [applause] my administration has also curtailed harmful and intrusive use of federal consent decrease which wrongly give meddlesome officials in washington, d. C. , immense authority to tie down local Police Departments and make it very difficult to do their work. No longer will federal bureaucrats micromanage your local police. We will work with upon request local police to help them, not to hinder them. And were waiting for a call from chicago because there is is no place we would rather help than chicago. To reduce people going back to prisons and help nonviolent inmates successfully rejoin society. Last year we passed historic bipartisan criminal justice reform. It has been very successful. They have been trying to get it passed for a long time. We had conservatives. Connell President Trump addressing members of the police force in his first visit ....