Who are standing in a driveway at an apartment complex. The shooter then ran from the scene, none of the victims injuries are considered life threatening. Well have updates for you throughout the morning as we get them. Another big story that were following for you this morning. The country is marking a grim milestone. Less than 4 months since the coronavirus pandemic began. According to Johns Hopkins university, the u. S. Surpassed 100,000 deaths currently there are more than 1 million cases in the u. S. Globally there are over 5 million cases, 355,000 deaths as a number of coronavirus cases continues to rise one Infectious Disease expert says the numbers are not getting the full picture doctor George Rutherford is an epidemiology professor at ucsf he says the number may not be complete. The bay area has more than 13,000 coronavirus cases and more than 400 deaths, some victims who died at home might never have been tested and then theres the cases that have not been counted. We know t
Hour with our Investment Committee today. They are our committee let oos get a check lets get a check on the market. Stocks are marching higher we are right near session highs. Lets take a look at what exactly is driving things and for that, well start with josh brown because youre in the box right next to me right now what can you make of what this jobs report told us and why does the market continue to rally given the fact the economic prospects may be so dim . Im pretty comfortable saying this is the worst monthly jobs report any of you watching will ever see for as long as you live this is it this is the ugliest youll see we have lost 20 million jobs the all time record was two million jobs after world war ii and the worst we saw during the great financial recession a generation ago was 800,000 in a month. Youre not going to see this again. I think whats important to point out and i want to be delicate in the way i say this wall street is coming around to the fact that for the most
Signals that are pointing up wards and onwards for stocks and the backlash against billionaires, Elizabeth Warren launching a fiery ad targeting leon cooperman and other individuals. Cooperman joins us to fire back. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this thursday our Investment Committee, joe tearerranov terranova. And the brothers and the walmart retailer beat and raise quarter, stock opening alltime high today. Joe youve been making a cas for this one, you own it i do. And under review. All of the news, the good news is priced in i think walmart is trading a little disappointedly today. Still own the stock, im going to see in the next couple of weeks to see if theres something i want to do a tremendous amount of positive news, theyre separating themselves from the gap, the macys, brick and Mortar Retail names, theyre succeeding not only online, grocery has been very strong for them the ability to drive
Bonds reacting to a soft empire index, the strongest year on year cpi. What does that mean . Our roll back. Two different stories on global volatility and banking. Citi beats but goldman misses. Netflix shares are extending losses after they reported quarterly subscriber growth that came in below expectation. Walmart hit with roll backs. They beat the street on the bottom line for the Third Quarter. Revenue, a bit shy of consensus. Goldman posted a business for q three. In the earnings release, the chairman and ceo said, we experienced lower levels of activity and declining asset prices during the quarter reflecting renewed concerns about Global Economic growth. Once again, guys, trading remains a sticky issue for a lot of the banks, down well into the double digits. Investment banking up six. We will talk to David Solomon later this morning. Investment banking is interesting. You saw debt underwriting overshadow a really sharp drop in Capital Markets. That feeds into the story of ipos
Markets. Here in the u. S. , unchanged this morning. Now we are steadily moving lower and lower. If you want to take a look in my terminal, the bloomberg chart here, i have the dow intraday. You can see we took another leg lower and we are coming down lower now at noon as well. It looks like all the pressure is on u. S. Stocks as the european stocks slow at the close. Scarlet within the dow industrials, what is driving the measures lower . Matt we are on retail sales because of black friday and cyber monday. The biggest loser, for example, is nike. Nike is the biggest loser on the doubt. There has been in a lot of talk about discounting today. Piper jaffray is concerned about discounting. Under armour. People are concerned about discounting at lululemon. Maybe that is the reason you see the weight on walmart and nike. Watson did say that cyber monday sales would be of 18 across the board. Disney is also a big weight. We are here friday . Scarlet i was not here friday. Matt you were sma