Week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [inaudible] does the u. S. Want
Bowling is set to resume next week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [
Actions taken on pandemic and how money is being spent today. Getting america back to work today, larry kudlow will join me today at 8 30 a. M. Eastern live on the reopening of American Economy and rebound hes expecting and what if any additional stimulus is needed. We will also get into china. Turn into markets this morning. Futures are turning direction this morning. We are expecting weak opening this morning for stock prices, s p futures down 10 and nasdaq futures lower by 12 this after positive news from moderna on vaccine trial help fuel strong rally for stocks. Dow industrials up 911 points yesterday almost 4 . The nasdaq was up 220 points and s p was up 90 all the major indices up 2 and a half and 3 and a half percent. A closer look at the Pandemic Impact on retail this morning, this morning we will get walmart, hem depo who remained open reporting earnings. More stores and malls are reopening even in the face of bankruptcy elsewhere. Who would be held responsible . Attorney gen
Home, stillg at sequestered within this pandemic. The new slow extraordinary. As you just heard from the president and from Vice President biden, clearly political. We will touch on that in a moment. Will joins levkovich us of citigroup on these extraordinary markets. We can talk about the politics of the moment, the relative calm of last night, but i think ive got to go to the clarion call in 15 minutes of the first of the may labor reports, the adp report. How do you link this wednesday report into what we are going to observe friday of an american jobs depression . Jonathan to keep it simple, the numbers will be ugly. They will be ugly this morning, ugly again friday morning. Quite clearly, this market is focusing on the aggregate numbers in the future, and hoping that the outlook its better as the year grows older. On the degree to which things improve, that is where i think we should have real debate. It is the social unrest that speaks to the disparity on a range of issues, not j
Return soon. Bowling is set to resume next week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, a