Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista
From apple yesterday plus, jim, fedex and adobe to kick around from last night. Wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. Now, this is rather amazing, carl why . Because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96 of the growth is e com and adobe because its how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of ecommerce to the home because of the pandemic so how can there be such a structural thematically strong story behind ecommerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think whats really convincing here with fedex is that theyre talking about how theres actually a weak economy in the S
First, new highs for several growth tech keeps going up it does its funny, though, we see our sunrise and reallocating into some areas that, you know, im sure for longerterm holdings, but theyre moving them into some of the retail and travel names. So were seeing some folks take some profits, which i wouldnt necessarily be doing right now, but taking some profits out of those highflying tech names and moving them over a bit right now my personal portfolio, obviously, im very keen in whats going on in the hightech names and holding on to the facebooks of the world i have moved into some financials and other places, but its interesting to see what folks are doing out in the market. Well get to some of the things you have done in a some in kevin, sailing or a swoon this weekend . Good news on a vaccine from pfizer today well hear about vaccines in the months ahead, a lot about the elections the months ago. I think there will be a lot of concern about all of these issues i look at the news
Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
Coronavirus fearing weighs on the market, surpassing 100,000 worldwide. We are expecting a briefing from Vice President mike pence a bit hear this evening. Though that survey was conducted in the middle of february before the outbreak took hold in the u. S. In just a few moments well talk about russ cost rich he says the u. S. Consumer remains strong and where he is putting to work now. Dan, what are you doing . Not a whole heck of a lot week on week, there was a bit of optimism. As investors star thinking about how to allocate towards equities visibility will be the big point. I think i dont think were going to get that anytime soon right now. That was the low for this move you had a strong reversal off of that we set ourselves up for a powerful rally, but most of that snsht has dissipated, so some say you will have to retest the low, and were doing it right now on a relatively tenuous way, so i still think, given the stress in credit markets, stocks are not yet convincingly saying we