Chip botox straight ahead and we start with the rorschach test. Which did you see today . The dow closing at its highest level since march 10th and vaccine hopes with stills and stocks closing near session lows and the relationship 500 failing to hold its 200day moving average or guy adami, how do you interpret the ink blot being that i cant see it, is that the guy from welcome back cotter, mel or no, that rorschach test guy i think were having problems with guys audio tim seymour, well go to you on this which ink blot did you see today . I actually heard guy and he made a bad joke of welcome back to cotter. It was closing near march highs and i think we have a case where the reopening has allowed people to look at industrial and call them value stocks, but the ones that were the most beaten up and to begin to assess what schedules are going to look like for airlines out through kind of early to midsummer. We have no idea, but we also have some sense that the worst case has been largel
Weekly caucus meetings. Republicans are meeting with treasury secretary Steve Mnuchin this afternoon about the coronavirus response. We expect to hear Senate Majority leader Mitch Mcconnell address reporters at 2 p. M. Eastern. The senate will gavel back in at 2 15 eastern and, of course, well have live coverage here on cspan2. Up next, a conversation on the coronavirus pan dem sick and public trust in pandemic and public trust in government. We hear from this forum hosted by the Atlantic Council. Good morning. This is fred kemp from the Atlantic Council, and thank you for tuning into this timely, unfortunately timely conversation on Public Trust Institutions and the coronavirus epidemic. First of all, i want to thank ours. Speakers who are here tody and everyone whos joined us online whos being responsive to the call for social distancing. We actually dont think that social distancing contradicts common cause, and thats the way were going to run the Atlantic Council during this period
Services hotter as the guys on the prior show were talking about. The ten year is up. Nonetheless, thats weighing on the market a bit. Joe, i want to focus on apple down almost 3 , and theres a story in the journal today theyre going to test the limit on pricing of this new iphone which, by the way, is a week from yesterday is the reveal of all of that. Do we need to worry about apple . If you have to worry about apple, youd Better Believe you have to worry about the market, i would think. I think when you ask the question, do we need to worry about apple, do we believe apple is going to return to the overall personality in which it traded in the Fourth Quarter of 2022 . I am not of the belief we will go back to that place. I think were somewhere in the middle. The enthusiasm, the excitement surrounding apple needs to be tempered. If you are overweight apple, you need to take a look at that. And i think at certain times in the market you have to understand that balance is the right pos
Plus a mega deal in the oil industry. Chevron is buying hess. Were going to have the ceos of both Companies Joining us here at post nine momentarily. And one of apples largest suppliers, foxconn, reportedly being investigated by authorities in china. They are said to be conducting tax audit inspections and revving land use of foxconn subsidiaries. That is pressuring sales of apple a bit as we get started with trading 29 minutes from now. Carl . Actually, im going to send it to myself. Thank you, carl. We do start not with the markets itself but with that major deal in the energy sector. Chevron agreeing to acquire hess. Its an all stock transaction, valued at 171 a share before before we see chevron trade this morning. The ratio, 1. 025 shares of chevron and again were going to be speaking to both the gentlemen behind that deal very shortly. Jim, it follows, of course, exxon and pioneer. I am told, however, these two were talking long before that. At least they have been having convers
Another financial crisis in our lifetime. We have the world covered on daybreak asia. We go to San Francisco and the followed from the cyber fallout from the cyber attack. We go to shanghai on the growth of the internet of things. Asia. S daybreak im in new york, where it is just after 7 00 p. M. We are in for some central bank speak. What an eventful tuesday, right . First it was mario draghi a bit more hawkish when it came to inflation. Then the selloff fueled by janet yellen talking about rich valuations in the market. Betty you used to not be able to get anything out of these central bank chiefs, but now they wont shut up. Particularly janet yellen and her talk about valuations getting more rich. That also sent some of these tech stocks tumbling, dragging down the nasdaq. We will talk about that in a few moments. Yvonne that is right. A lot of jitters when it came to tech. Alphabet slapped with a record fine from the eu. We will look at the cybersecurity attack we have seen that ha