Continues to debate the next stage of emergency measures. And as the nasdaq underperforms. Its very interesting. What is the biggest driver of it is yesterdays winners that, thomas leading the declines is it that people are at home with more stimulus money that sort of a narrative in the all fangangs, tesla, zoom, ebay. Media. What do you think it is . The dow up is 1 s p 500 is up about 0. 6 , sara well, its no the so much to big show coming up. Jonathan tisch will join us and to go out for a walk anymore the Face Covering debate for people are sitting at home and doing whatever they can do on hotels hell talk a little nfl. The screen plus, testing delay snarl and training is very exciting efforts to trace and control the virus in this country, well thing. Speak with the ceo of labcorp. And what about the regions, thomas is this big jump particularly an individuals activity only so and were talking about a massive afternoon of earnings, prominent in the u. S. Or elsewhere too . Snap,
Of security at facebook, about the next big hurdle that the company is facing. As coronaviruses spike, loews longtime ceo Jonathan Tisch will talk to us about his belief about the governments role too revive the travel industry, but also all business in the United States power lunch is right now its agreed to see ygreat tl the s p 500 is lower by about 2 bob pisani has more on all the market moves. Hello, melissa. Were near the lows for the day. I want to emphasize what melissa was just saying, because the outperformance is truly extraordinary. What you want to focus on is the nasdaq 100 while up 16, the nasdaq 100, which consists of the top five five, up 21 this is an unusual dispersion. Were also seeing the equal weight down, the average stock on the s p is down 12 thats a good way to look at it. Meantime the russell 2000 small cap is down 16 . To show you the outperformance, remember these numbers these are the top five these five stocks are 6 trillion in market capitalization, almo
The bill nar has the blews these days he will explain why his businesses are struggling and the things that could get worse beyond that and what hes trying to do about that power lunch starts right now yes, it does the nasdaq hitting another all time high today. Its on strachan for its sixth straight day in the green. Bob has more for us. Modest weakness on the day. That tends to mean tech will still out perform. Thats happening today. Its airlines under perform and transports and Logistics Companies like jb hunt and fedex tend to out perform. This has been going on since the coronavirus issue back in february and march and again you can see that happening today. Ben carlson pointed this out the top ten stocks by market caps are up 10 so far this year the top 50 are up 2 but look at the bottom 50. Down 39 thats not a typo. Thats a huge disparity. Its true big stocks tend to be important. They always move the market. Bottom line is they have never been more important than they are right
Track to end the week lower. Check out the bright spot. Nikc nike, the best performer in the dow. Were hours away from the last jobs report of 2019 get this, its the last one of the decade high hopes and also high on certainty. Job growth remain strong depiet an undertow of decline and Capital Spending and manufacturering. 187,000 that would reverse the 128 last month the job growth needed to keep the Unemployment Rate low indicator have been mixed as we go in. Ism service expanding. Claims have been up and fell back down. The lowest level since may in the last 12 months theres been three distinct levels of job growth it dropped back down do the 143 area then it picked back up will the real jobs number please stand up given that the fed is on the side line the economy is weakening more than already thought there werent really workers to hire well talk about that right now. We want to keep the jobs conversation its in the market for worker right now. Please welcome Jonathan Tisch. Good
Demonstrate day. Were off the lows of the session. The dow was down almost 290 points earlier the nasdaq again just feeling the brunt of the pain. Things would be much worse if it wasnt for boeing. That stock keeping the dow from sliding deeper into the red. Boeing well off session highs on the back of its strong earnings and outlook. On the flip side check out at t. Investors hanging up on that stock after its profit miss. Consumer staples rallying on pace for their fifth straight month of gains that hasnt happened since november 2009. Kimberlyclark, p g and pepsi leading todays gains. Oil prices are higher but energytakering a hit it is one of the worstperforming sectors today marathon petroleum, cabot oil, gas and noble Energy Leading the declines more on where this group goes from here. Thats coming up, melissa. Lets get straight to the trading action bob pisani on the floor of the New York Stock Exchange on what is fueling the fear. Mike santolis there, looking at the odds of a Fo