Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the economy and measures in terms of infection rates. Renewe
In 2018, a group of female Venture Capitalists banded together to found all raise with the goal to change the face of those investing in Tech Startups and the people who build them. It is the industry thats changing the world faster than any other, yet it is also one of the most dominated by men. Joining me today on bloomberg , aileen lee, founder of Cowboy Ventures, kirsten green Founding Partner of forerunner ventures, and maha ibrahim, general partner at ataan ventures, all partners all raise. Emily in april of 2018, you all were on the cover of forbes magazine. This is space normally reserved for men, normally reserved for male billionaires, and this is the first time, as i understand it, that a group of women was on the cover. When you saw this, how did it make you feel . We were all in awe. This was the culmination of months of work, and frankly, at this point, in decades in the background conversations, and wondering whether or not our industry was finally going to be as diverse
Energy stocks soars, crude moves higher, one thinks the run is just beginning. First we start off with the other big winner, technology the dow slightly lower. It lost a fourday winning streak. Its higher for the month of march. Two of the bis biggest names soaring to record highs today. Those have been on a tear this year, just how big, check this out, combined. The two stocks had a market cap of more than a trillion dollars. That is equivalent to three exxon, fourandahalf general electrics, more than six cocacolas. A lot of sugars, a lot of bubbles. Are these big techs starting to fail, are they relying on the big tech names too much to keep this rally going . It feels like a safety trade. I know last year the market was stuck in the mud. Some of the ones like apple that have good product cycles, those were safe. You have amazon and facebook that have that incredible growth people felt good about regardless of the evaluation. To me, its nothing short than bullish. You know, no way. I
Just ahead. We do begin with the markets. Oil prices have moved higher at this hour. The disney downgrade weighing on the dow. Lots of folks wondering whats in store for your money now following this weeks fed hike. Josh brown, what is going on over the last couple of days. I think accident scott, that people are pulling their money out of the stock market to buy tickets to star wars. Its as much as 200 online. We have to factor that in. Since the feds announcement. The s p financials are down 3. 5 since the fed decision. Bonds are up. Bng, which is the total Bond Market Index Fund from van garde. Its actually up. 4 since the feds decision. Everybody says, hey, theyre going to be the best sector to be in. When the fed is in a rate hike cycle, whats going on . For having fixed income instruments is still there. However, i think it will be shortlived. I think this is just a blip, and that well see a shift into equities. In terms of the market today, you have the expiration. Thats a major
The willis report. Dennis welcome. Never saw a guy happier than when i get to substitute for an anchor here. We begin with my outrage of the day. Does our president needs to be on prozac . He should be selling the hope and calling for new growth. Instead, he bemoans the inequality of opportunity, and laments that the rich got rich. Listen to this buzz kill. This growing inequality, not just the result, inequality of opportunity, this growing inequality, its not morally wrong, but bad economics. Reducing poverty, reducing inequality, growing opportunity, thats what we need. We need a Long Term Plan based on steady, persistent effort to reduce forces conspiring against middle class families. Theres others who dismiss every idea i put forward, either because they are playing to the most strident supporters, or in some cases, because, sincerely, they have a fundamentally different vision for america, one that says inequality is inevitable and just. Dennis it was partisan, put upon, and pur