As much as 10 some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for 25 billion in additional aid for the airlines. Nasdaq record high, gold record high, oil at a fivemonth high, 59 minutes left to trade, wilfred. Were up 0. 6 on s p 500. Ahead on todays show cbs giving up despite strong earnings and guidance, well speak with Ceo Larry Merlo about the results. Plus shares of twillio up 50 but taking a dip on earnings today. Well take a look at work from home winner. Roku, etsy and zynga analysis as soon as they cross first big stories were watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on a multibillion dollar tech tale mike, first with you. Objects in motion tend to stay in motion to this rally grinding higher as a lot of the macro forces are pretty familiar right now. Another leg lower in the u. S. Dollar, real Interest Rates are further into negative terr
About the golden opportunity traders are spotting in the market, thats ahead we start with another big day for the market nasdaq posting another alltime high as coronavirus cases continue to climb and risks up we got the Economic News on the u. S. Front so guy, have we become enured to the rise in coronavirus. We got really good and really bad data i think the market seems to discount the bad it seems to get geeked up on the good, which weve seen over the years. To me its all about the liqu liquidity thats being presented and put in the market by Central Banks globally im pretty outspoken about that. But we did say on june 26th, if you recall, we were encouraged the market held 3,000 level at s p 500 and gave us something to trade against. Didnt think wed be here today, quite frankly. But the next level, the june 7 high of 3240 is in the cross hairs of the market and has to prove itself there what i would say today that gives a bit of pause is the fax that the vix is sub on today, held
Level since going public, all because of what its doing in, you guess it, tweight loss. We start off with the last trading day of the month a look at just how much things have changed in the month of september. We kicked off the month, the yield in the tenyear treasury was less than 4. 1 . Its risen 50 bases points, hitting levels not seen in 16 years. Volatility soared 30 to its highest since may, and meantime, stocks dropped with the nasdaq and s p locking in their worst months of the year. As we get ready to kick off the strongest time of year for the marks, what should we expect . Tim, what do you expect . I expect theres not going to be a fed meeting that was supposed to be a nothing burg that are turn into the a big burger. Were already on the move. But i guess what i expect is that sentiment and positioning have already made adjustments based upon how bad september was. And i think theyve already started to adjust backwards. I realize and carder probably thinks the about this al
Bitcoin extending its bid slight, falling to around threemonth lows, below 7,000. Broadcom is higher, rising its takeover to 82 a share, but qualcomm shares falling after a Research Note says apple may drop the company in favor of intel for its next generation of iphones. Michelle will join us in a couple minutes its fast money trader guy adami, who will be with us for the entire show, but well begin, as we obvious do, where the action is, with bob pisani. Hello, tyler, quite a yoyo of a day traders are trying to figure out the bottom where to look for it in a market bottom first. Sellers are exhausteds, you want to see the selling stop and then if buyers have some kind of interest i would say right now were in an indeterminate moment. They tried to rally, but there really wasnt enough buying interest and then we drop below the low of the day, and then saw volume pickups for most of the etfs that are out there. Now i think you see a small attempt to rally, and then move back down here
Im wilfred frost along with seema mody. Good morning. Happy valentines day. I wore a red tie. What is this . My personality will shine today, how about that . Always does. But still, you could have given me a little bit of valentines day love. Great to have you with us. Lets check in on the Global Market action. Futures at this hour following another record breaking day for all of the manger indices yesterday not just hitting record highs, some momentum building, five positive sessions in a row for the dow and the nasdaq. Three in a row for the s p and the nasdaq, three in a row for the dow. It is broad as well. Yesterday 10 out of 11 sectors were positive, led higher by financials, telcos was the only sector in the red. The kb bank sector has had three Straight Days of gains. At its highest point since september of 2008, which is impressive on one side and astonishing on the other to remind us how much banks had underperformed until fairly recently on a longterm time frame like that.