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Guy is introducing his wynndicator we start off with another record close by the nasdaq led by big tech, apple, microsoft, amazon, facebook all hitting record highs today. The five Biggest Companies in the s p 500 account for nearly a quarter of the indexs total market capitalization. How long can the leadership of these names last if you look at the nasdaq 100 has outperformed the s p by 28 year to date but by 13 since those march 18th low amazon and maybe facebook were somewhat defensive here for real reasons related to the core business but some of the others have been defensive because of the size of the business and these are companies that you know are going to be tomorrow. Thats really the story. It is important that pmis around the world over the last 24 hours were quite good. You actually had a major recovery across europe i think people are starting to see data points that matter. All that really matters is the fed re ....
Boston and other parts where are your sales right now, sir . Our sales, sales are down 30 and then also at popeyes, our sales are still posting comp sales positive like 20 and comparatively to two weeks ago we were 40 positive and now we are down 20 with free deliveries and popeyes what are you expecting to happen, sir . Not medically, and weve seen the curves and we know the rest is yet to come and youre looking out economically what are you projecting . What are you going to do what are you going to talk about . What we are seeing and what we are projecting, obviously, things are going to stay the way they are and i think we will see things get worse and even under these circumstances we are keeping all of our employees on payroll. We havent had any layoffs we havent done any layoffs and we want to keep everybody employed as much as possible and obviously, we are fortunate where we have a strong balance sheet. I think were going to get through this, but unfortunately, it may hurt a l ....
To beat this disease maybe it even needs a bear market which is where we are today and the dow plunged and s p and nasdaq nose dived 4. 7 coron as coronavirus is a Public Health crisis wreaking havoc all over the country and it hasnt effected that many people yet but we know it will. And we thought we could keep it out and then thought it could be contained and then as it kept spreading we were told there was no big deal. Theres so few cases and so few why all the fuss and we discovered the Term Community spread we heard about the outbreak in Washington State and then the suburbs of new york and then the fiasco it dawned on us when they say novel as novel coronavirus, novel means we have no immunity to it. We have no vaccine if you dont, try not to get it. We have no tamiflu once you get it were all against this unseen ....