This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Marylands governor overruling Health Officials on keeping private schools. Public schools you can do what you want. When it comes to private enterprises or schools, that is a step too far according to the governor. Seattles police chief says the city needs to intervene when protests get out of control but the emphasis was on the city doing so, not federal operatives. Well get the latest on that. Meantime to chad pergram on the back and forth in those coronavirus stimulus talks. I guess the good news, chad, is that theyre talking, right . Reporter thats right. They continue to talk but there is a chasm of difference here between the sides. Theyre talking about unemployment insurance. Theyre talking about extra money for schools, how they reopen. Theyre talking about state and local government money. Theyre talking about money for the postal service. That is a big ask about it democrats. Senate minority leader, house speaker, they have been in the house talks more than a week. They met o
Lauren hey, guys a twoday sell i dont have was reversed. Major averages closing near the highs of the session. Nasdaq leading the major averages gaining almost 3 today. The nasdaq was led by big cap tech which was down for this week. Three reasons for rally. First more rescue funding from the government is likely on the way after the Senate Approved yet another relief package. Second oil prices recovering. Take a look where crude closed the session today, above 13 a barrel. That is much better than it had been. A gain of almost 18 . With that reis big gains for halliburton, chevron, exxon and the Energy Sector in general leading the overall market higher today. And third, investors look to Earnings Report that continue to pour in from guidance on the coronavirus effects on the economy. Here is the trends were seeing and were seeing it for chipotle after Earnings Report showed 81 increase of people ordering online getting food delivered. That is with were doing. That stock is up 14 . Sn
Advance, if its a very good month if it stays like this, the best june sinceey 40. We keep an eye on that. I remember that one well. Like just yesterday we were covering. A. That we have socalled bond king, jeffrey gundlach. He has turned markedly bearish. That the Federal Reserve doesnt know what he is doing and politicians flummoxed about the debt, whether they want to address it. He has been buying gold. He is optimistic on gold. His read on things a little later in the show. Edward lawrence on what the fed decision could reveal today. The white house want to see rates cut like now, right . Reporter the president made his observations clear. He would like to see that rate cut happen. It is widely expected the fed will keep the federal funds rate, 2. 25, 2. 50. Recent studies say that number goes up at the next meeting to 82 . Were looking for changes in the language of the statement. If the Federal Reserve says they will be patient for future adjustments. How the data changed and lo
Neil advantage, by then . Maybe not in a pulled muscle for in the the money grandmother president race is a staggering 53 Million Bucks last month thats essentially what donald trump paid in legal bills last year. And the money keeps pouring in for team buyin. This is the legal bills keep piling on 14 trump. Now the president has said this is that this week to embark on a taken to nevada and arizona and texas but not before very important phone calls today with israeli Prime Minister Benjamin Netanyahu chemical tell you what the president said and checking with Joe Lieberman on what he think the president should have said. All that and the president of the United States Steelworkers Union and why he is glad over Something Else joe biden said, even if you hasnt committed to joe biden yet. [ ] neil welcome everybody got glad to have you got im neil cavuto neil cavuto. The rest of this week for precedents something that theyve already been doing quite effectively. The 53 million in februa