If you say things are okay, not as great, and youre an industrial, because there will be an opening of america, people will buy you if you say things are in line and you pull your forecast and youre not industrial, its a recipe to be sold. This is about hope its about the idea that it cant be as bad as it is right now. Youll see that even with marginal retailers, people think a marginal retail hear to come back because america is open listen, you have to go with the flow for a couple days if youre a trader if youre an investor you have to take the other side of this trade as we get closer to the opening. I think people will be surprised how little these businesses will do and how worse theyll do once we go open its not it is an opening other than auto builds wont occur. We have to be ready for that your general thinking is well get a ford plant reopening, vw doing it, boeing in South Carolina next week, but its going to be a manufacturing bounce yes more than a service bounce . Yes man
Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for
A slew of upgrades on facebook is it a big thumbs up for the stock from here . The Halftime Report starts right now. Its great to have you with us on this thursday. Our Investment Committee today, joe terranova, steve weiss and john and Pete Najarian and Portfolio Manager ann brown. Alphabet, amazon and intel all set to report earnings after the close. It could be a big day for the markets tomorrow, depending on what these three say pete, your feelings on amazon. I think it will be very interesting because of the fact that everybody weve watched this thing move all around it, and now all of a sudden youve got sort of the government kind of coming at them in some ways as well. I think its going to be very interesting how they put this out there. I still think you look at aws. That really is what amazon is, and because of that, they are a cloud company, the biggest there is and how well are they doing there, and if they do as well as i expected they would after you look at microsoft and
still too cowardly to take a stand against insurrectionists ex president. the idea of political violence is being normalized. he held newspaper published a piece this weekend underlying its stark terms what this new post trump post january 6th world looks like. the number threat in vests launched by u.s. capitol police in 2021 was 100 and 50% higher than it was in 2017. trump s first year in office. lawmakers who are critical of trump remain among those most frequently targeted for violence. the long and diverse listening clues republicans who voted for an infrastructure bill he opposed. democrats who manage the former presidents impeachments. republicans who supported his ouster after the january 6th capitol attack. and most recently, the nine lawmakers on the select committee investigating the 2021 a riot. all of whom have around the clock security details. end quote. president biden addressed the normalization of violence this week in his soul of the nation s speech. y
Today Interest Rates are spiking, stocks are mixed one week before Third Quarter earnings barrage. A closer look at futures, where we see the dow industrial up a fraction but the nasdaq negative and s p 500 plot of three and half points. The ten year yield is now around 4. 7 . The tenure topping 4. 7 yesterday for the first time in 16 years. The two year nearing 17 year highs sitting at 5. 1 to 3 , the yield in tenure 4. 704 this morning, that is up to have basis points. Jay powell hears from fed Small Business owners in pennsylvania yesterday about the impact of higher Interest Rates and higher prices overall. The chairman reiterates that the fed will take inflation down. All of this ahead of the august jolt report out this morning at 10 00 a. M. Eastern and ahead of fridays jobs numbers, 170,000 jobs into the economy in the month of september, lets check the price of oil another pressure for the market recently, oil prices this morning are mixed with crude oil at 8891 ahead of an ope