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Kelly. The dow shedding 5 in lets get to bob for more on this sell off. Bob. I think the key here today is oils impact but its impacting things outside the oil market. Leets ta lets take a look at the sectors. The two biggest that are out there, tech and financials are the weakst ones. They will put pressure on the s p 500 because they are a big part of the overall market capitalization industrial is also weak. Energy is not among the big pressure points in the s p 500 today. I want to poipt out some of these big momentum names that have helped in the tech area in the last few days. Generally, weak today. Advance micro, starbucks these are momentum names that have done well recently and they are having problems today. The futures contract highly showed you that. Its remarkable to look at an 8 future track as 18. Thats an enormous spread were looking at here. Some of these Tanker Companies have having a tremendous day to the up s ....
Last weeks big rally with saudi arabia and russia feud over cuts the oil market taking a hit today. We do have full Team Coverage of these markets for you. Bob and rick covering the action in stocks and bonds. Steve on the latest economic fall out from the virus. Bob, well kick it off with you and this rally that just keeps building it started early on we got right up great overseas numbers. When Governor Cuomo started talking a couple of hours ago, we moved up on his comments on hopes for plateau. The market took it positively. I want to point out that we are, i call it markets in the middle. Were now 20 off of the lows from the february 19th high, were now down 22 remember at one time we were down 35 a bull market to bear market to i dont know how to characterize characterizeize this morning were 20 off the lows the most beaten up are rallying the most retailers they are a b ....
Month. Regents financial down 18 just catastrophic week this is a week chicos down 43 the kohls. Gap down 28 these stocks have been cut 50 or more in the last couple of weeks. Utilities another sector look at plain old run of the mill electric power companies. Regulated e lelectric power company. Believe it or not, this is a calmer week than it has been in the prior three or four weeks. The volume is about 30 lower than prior weeks the intraday swings are two to three below. The vix is below 50. We were 80 three weeks ago guys, i take no solace in saying were down 2. 4 on the week. In terms of all the craziness we saw two and three weeks ago, this is calmer a month ago i would have thought myself crazy to say that but it is true. Back to you. I think you should try out the vest, bob, thanks. Lets get over to steve who is digging into this devastating payroll plunge as tons of americans are left without work during this pandemic kelly, i got to advise you and tyler to save your adjectiv ....
Some Texans who challenge oil and gas waste sites must spend significant sums and time on investigating what they say the Texas Railroad Commission should examine. Will new regulations for handling waste increase oversight or just maintain the status quo? ....