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Over to you. All right tyler, thanks very much. All three of the major averages are hanging onto their gains in the month of may tension escalating with china. My theme is still intact thats a broadening of the rally. This is in stutter steps you get a day like today where you pull back a little bit but not numuch obviously, some of the china etfs, thats first one down today on concerns about whats going on in hong kong. Look at the leadership this week russell. Its been bank stocks and Energy Stocks oil is on the downside thats what i mean those groups have been leadership stocks here look at these china stocks we did get alibaba thats down concerned to whats going on hong kong what was down, transports, russell down the nasdaq, the big tech names is under performing this week. This is rotation this is broadening out of the market that trend continues if you look at individual secto sectors, banks were behaving horribly they are o ....
Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action co ....
Or spike again in the United States. This is a gamble as no state has reached the key benchmark the cdc has set forward to meet before reopening, that 14day decline in new cases. But for now its full speed ahead as more states begin easing restrictions today. You can see them right there on your screen. By the end of this week, more than 40 states will be at least partially reopening. With that in mind, here is where the numbers stand. The u. S. Death toll is now approaching 70,000. More than 1. 1 million confirmed cases of coronavirus in the United States. And even President Trump is now being forced to acknowledge the total number of deaths here is going to be higher than previously estimated. Were going to lose anywhere from 75, 80 to 100,000 people. Thats a horrible thing. I used to say 65,000, and now im saying 80 or ....
Been hit, some houses that havent been hit. Just look at the extensive damage here. What we are told, seven people were injured in this storm, three serious. Firefighters right now are two blocks over from this location, looking at one particular home. You can see the severe power that this tornado basically carried through. If you look in either direction around here, you can see how the roofs are either blown off or, in fact, some parts of the roofs are impaled in other houses. We also took drone shots the last five minutes or so to see what was going on here. Around the corner, you could see the damage of just people coming out, trying to look themselves, to see if their neighbors are okay. All of this is going on right now in the last half hour or so, as people are assessing the damage. Guys, were hoping that everyone in this neighborhood is fine. Were going to do some Walking Around ourselves to see what the experience was fo ....