Lets check the numbers. I mentioned where we are nasdaq was above 9,000 s p 2900 dow is better than 24,000 right now. Josh brown, the issue peer supes starting to run out. Its now peleton, zoom paypal these are tech stocks but theyre not apple. Theres a lot more happening beyond just what people usually associate with the nasdaq. Like where is all the money coming from . Take a look at the russell down 18 on the year while the nasdaq heads towards highs. You could not have a starker divergence between large cap growth and the overall rest of the market and it gets wider and wider. They are the products and services that people are using my colleague ben carson called it the peter lynch market. If people know the product and using it, the stock is probably going up by billions of dollars. Were going to talk about one of thoedse to joshs point,divergence growth versus Everything Else. Year to date is down 2 . The s p value ite is down 20 . You continue to get the divergence, whats going
Seriously when you have such weakened trading volumes. In oil, a choppy session overnight after a big gap down sunday. The direction now depends on when the Global Economy will be able to open up, and that will be the indicator for all of the economic data, as well as risk appetite. Time for todays market moving news from our new york team. We begin with a historic price deal. Plus coming to an agreement to to cut minutes output. ,inutes after the deal was done the Saudi Oil Minister saying that opec is up and alive. With more is in reordering. What do we with more is annmarie hordern. What do we know now . Annmarie they were able to finally clinch this deal, 9. 7 Million Barrels a day. I would say that the main takeaway, goldman put it as historic, but insufficient, given how bad the demand loss is and how bad the supply glut is. These cuts of 9. 7 Million Barrels a day. We should also say that goldman puts it at 4. 3 Million Barrels a day, when you take from First Quarter levels, ass
Points. 770 is the yield on the 10year treasury right now. The yield on the 30year treasury below 1. 35 . It is now down 18 basis points at 1. 358 on the 30year. Mortgage rates are hitting record lows, how you can take advantage of this, these yields are tied to mortgages so we could see refi activity as well. Coronavirus crisis, one hundred thousand confirmed cases worldwide. That number is expected to increase. President trump says that the u. S. Economy could take a hit but says it is all going to work out and everybody should be calm. The democratic field is thinning out. Elizabeth warren the latest to drop out of the 2020 race but not making an endorsement just yet. Meanwhile this Jpmorgan Chase jamie dimon is recovering from emergency heart surgery this morning. The surgery was successful and dimon is awake and alert. Plus nashville recovery, President Trump headed to tornado ravished area today after approving disaster declaration, we will tell you there live this morning for a
Foundation capital and a vc vet. Good morning to you both. Good morning. Timothy, ill start with you. Looking across your coverage universe right now, how are you factoring in china trade talks, and are there names that you like in light of the potential for a partial deal we generally favor Communication Service companies and Cable Companies that dont have a lot of exposure to china and pricing is holding up very well microsoft probably has the most exposure of anybody. We think well come to a resolution here but microsoft is walking through a mine field. Paul, 24 more u. S. Entities put on the black list including eight pretty highprofile tech unicorns in china, moving beyond the talks longer term, does this represent a further entrenchment of this tech cold war were seeing between the two countries . If so, what then i think it represents a further entrenchment of a temporary war between the two countries thats been carried out by the Current Administration i dont know that this act
Drone, they have the opportunity, because they have a huge database of such copies, yes, to organize their mass production, and i have a feeling that we will see this year how march will pass, april, may will come, when there will be fewer storms in the black sea, realistically speaking, we will see an aggravation. Naval war in the black sea, that is, yes, now we have an advantage, yes, there are achievements, and they are very interesting and important, but nothing yet its over, and thats it, everything will still be different , well, about our victories and achievements as a result of yesterdays destruction of the russian patrol ship serhiy kotov in the black sea, seven people died, at least 27 russians were wounded. This is reported by the Main Intelligence Department of the ministry of defense, and natalya humenyuk, the head of the press center of the Southern Defense forces, stated that the destruction of the latest patrol ship caused losses to the defense capabilities of Russian