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
Investors. What do you make of these dynamics taking place in the market you know, it makes a lot of sense personally if youre concerned about your health to take precautions for your family to avoid risk. In financial markets, you should not be trying to avoid risk at times when prices are incredibly distressed if you look back to the financial crisis, we thought the Financial System was going away. If you look back to 9 11, you thought society was permanently changing you have these moments of stress where investors, because of uncertainty, say now is 250itim protect our portfolio, when in reality the prices offered at such you should be more of a risk seeker at this point in time yes, to your question where do you hide today relative to next weeks stock price, thats very difficult to guess and we not going to pretend that we know what to do we can say if you look out, these are very, very attractive entry points into some amazing companies. Win, i understand the logic this is an att
Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
Lets go over to the markets desk. Julie hyman has the very latest. Julie we are seeing stocks andback after the gain the streak we have seen in u. S. Stocks over the past four weeks. We have the fed meeting coming later this week, so there is a lot of talk about what that will bring. The decline today can really do to be tend on what is happening with oil prices. The Iran Student News Agency reporting the Iranian Oil Minister says we will Freeze Oil Production not until we raise it by about a third. Iran is not willing to freeze production until its production is more in line of what it was historically. 36. 85. Down we are seeing the big cap Oil Companies take a leg lower today. Also not helping oil today is the recovery in the u. S. Dollar as we are seeing people reraise their Interest Rate expectations given the fed meeting. The yen is unchanged versus the dollar but you see the euro and the pound are falling versus the dollar today. Betty it is not just oil today that we are focuse
Will they . Senator John Barrasso and senator devin nunes are here. Plus, the mayor of d. C. Is threatening to arrest people for going outside. Dinesh dsouza and governor Mike Huckabee expose the latest attempt to make your life miserable. Dr. Judy hope from the doctors joins us later in the hour on what a recession could mean for your Mental Health. But first, america and shut down day 15. Now today, we lost more than 800 americans who tested positive for the kind of virus. Thats the largest single day number since this nightmare began. A stunning three quarters of our nightmare began, and the fellow citizens, with somed sort of Stay Home Order issued by state governors, new york governor who will moan no even california are also offering some hope. The slide that gives us great hope and understanding about what is possible. On the bottom of the slide where that is consistent. That number , in california,. Great admin understanding about what is possible in on the bottom of the slide