Somebody suggested that the last week. Lets start with the markets. Just a remarkable year already but it is hard to believe that the last few sessions, with weve seen with this market is really nothing. It has sort of been sideways. The nasdaq of course has been on a remarkable one but even those gains have not been as large as they were initially before. I want to go to two of my favorites to get an overall assessment for what they think. This is well drip lower and violate key support points or were waiting for the right catalyst, the right spark to send us into the next leg higher. I want to bring in shah balani and che levine. Shah, it is great for the market to go sideways. Were knot accustomed to that this year. I think the reason it is sideways now, charles. The market is taking a breather in here. The trend has been clearly up. All of the days when the market has been up the volume has been great. On down days the volume slept off. That is only positive time. The reversal last
Sockof course is momentum that of course is the momentum behind this rally. Rally seems to be fading, and another interesting piece, we have the Canadian Dollar soaring against the u. S. Dollar with the oil rally. You were mentioning that everything is rallying, and that is true too for bonds. The two year yield carving out a record low and that tells you that bonds are rallying in a big way. While stocks are rallying you have investors going towards the bonds, suggesting they have their eye on the economic picture. The jobs data and nonforeign payrolls coming out tomorrow which will be devastating, not just from an economic standpoint, that from a human standpoint. The question is will we see more of a connection between stocks and the Economic Data or not . Or will we have investors look past the data towards the liquidity that the fed has been providing . Certainly a risk on day. David that is what they have been doing so far. Few mckee got to talk a minutes ago with mary daly, the
You can bet on that. Look at markets right now. We actually come back about 80 points. Stocks rebounded today, about midday on hopes of a vaccine this year. That is coming to the president as he departed the white house for pennsylvania. Despite what we to the this morning which was more grim jobs data. Three million more americans filing for Unemployment Benefits last week. Why the bounceback . We have our market analysts to give their analysis. Some of that is the banks. Summer camps being faced with a decision to open with restrictions or stay closed, leaving many working parents in limbo. What is the cdc recommending . We have a lot more breaking throughout the hour on making money. Cheryl all right. Just a moment ago we were showing you, neil was showing you live pictures. The president is on his way to tour this medical equipment distributor just outside of allentown, pennsylvania. They make gowns, they make masks there but this trip today for him was not before he sat down with
Twitter storm, we have it for you. The force is with amazon at least temporarily, a judge ruled microsoft and the pentagon must put the multimillion dollar je distribution contract on hold as legal battle rages on. Sweet success this morning, valentines day busiest day of the year, selling more than a million strawberries, the company ceo is here. Nicole phelp is here and take us on a trip to sesame street, mornings with maria is live right now. Maria some of the stories we are watching this morning retaining vigilant the new York City Police Department Warning of, quote, credible threat after last weeks assassination attempt, the Department Said that there are no specific threats at this time but stress that every station security post needed to be staffed around the clock, a surprising tribute from attorney general william barr amid the pending doj investigation of roger stone case, hitting back against President Trumps criticism of the justice. I think its time to stop the tweeting,
Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over the weekend. Next case, what have we got for you . Joe biden. He says he will beat the president like a drum, end quote. The General Motors strike takes a rather ominous turn. And amid very visible security, joker hits the theaters and wins big. Varney company is about to begin. Stuart you know, this could be the stock of the day, maybe the week, maybe the month. General motors, down 1 . Its back to 34 a share. When the strike started, it was 37. Now, talks with United Auto Workers union broke d