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Amazon apple and microsoft with a run clipped midday when the fed chair said he wasnt thinking about thinking about raising rates. Does zero forever, what does that mean for this rally at this point . Well, it means, you know, everybody said it so much splitting the at tom here. Weve very much gone the route of japan i think its absolute madness. I have no idea why he count hld have just said we remain data dependent and thats it. Ill say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for i think the fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and have n nots when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if hes saying that hes not thinking about thinking about raising rates, that were that far off from even contemplating tha ....
The nascar actually advanced 6. 7 led by the cramer covid stocks thats what this market was about. Zoom video followed by slack, they are all surging. You know what they have in common, dont they these are the stay at home economy stocks i am proud that we have had all but one of these on the show i am trying to bring them all to you. Why does this happen because today we started worrying again about the pandemic cases are spiking. That defines the action even though we got a strong onetwo punch of the three js, johnson, johnson and jay. Since starting human trials, july is around the corner. Very positive. No reason for j. And j. To come on and talk about it unless they really had confidence. That tells me they are the real deal j and j is one of the least hyped companies in the world and then jay powell. Worst q 2 on record. How will he do it . Whatever it takes. I wish powell would own up to what is really going on here he will do what he can to keep the balls in the air until the b ....
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moder ....
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of ....
1 it is not the fed. Its not the trade talks, its demand demand for money demand for homes, demand for processing, demand for cancer drugs and programming and demand for cell phones and demand for planes and of course perhaps most important, demand for stocks yet if you listen to most of the experts you here a lot of fury about ow the Global Economy has gotten weaker because the trade war has shut down international trade. I dont want to sugar coat anything the Global Economy has absolutely taken a hit yearoveryear and the tariffs are part of that but here is the thing. Many stocks were trading like were about to get an even more stringent round of tariffs and that didnt happen instead the president started negotiating with china and that allowed a host of flailing stocks to get their mojo back. The tariff made it strong that without the averages demand would have never made ....