Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the leader, s p 500. The equal weighted verse then the small cap russell 2000 you see that distinct tearing on a oneyear bases in terms of what has worked better if you just focus in on the last month, by the way, one month ago to
Mcdonalds, disney and goldman sachs. Todays move higher though, putting not even a dent into this weeks losses and the dow is down a staggering 12 just since monday once again, a big story, energy. Check out oil. This time the opposite of yesterday, surging 24 thats its best day ever the u. S. Government considering some political talk or action to get in front of that saudirussia price war thats going on and flooding the market with oil and well have much more on that during our big hour straight ahead, but first, though, lets talk about this historic moment at a time for investors and trying to figure out what you should be doing right now with your money in the short, medium and long term and joining us is scott maynard, and one of the few who expressed worry about these markets even before the health scare, scott i would imagine your portfolios are holding up pretty well if so, what are they composed of what does scott minerd know right now . Weve been invested pretty conservativel
Miss the mark. Joining us for the hour, stephanie link from nuvine what do you think is driving the action right now, if the calendar is so devoid of data points so much for a slow day today, right . You had boeing you had over the weekend, china, small stimulus, which i dont think got a lot of press, it should have. And the data was okay. Durable goods can be explained away from boeing for the most part new home sales, up 17 year over year i think thats good. Chicago fed at a twoyear high i think theres enough momentum between now and the end of the year to kind of continue to see green days maybe we tail off a little bit at the end of the year, but i think well continue to see green days into the end of the year were on a nice streak so far. Lets dive into the biggest story of the year, that is boeing our phil lebeau has the latest on that. Hi again, phil hey, carl Dennis Muilenburg was fired after the board met over the weekend. The decision was made sunday night. And this was not h
Is going after what voters know. And as was said, the Supreme Court within the bounds of Citizens United said transparency and disclosure, fine. I have a few examples. This was a district 6 mailer, and the video at the bottom of an internet mailer ad, paid for by a committee, clean and sunset. Major funding by progress San Francisco. And the district 6 version said paid for by san franciscans for change, major funding by progress San Francisco. I think all of us in this room know who are behind that committee, but most regular people would have no reason to know. Two big things. Number one, it will require the dollar amount of the donors to be listed, so that voters get more than a name and an actual piece of data that they can use to say to ask if they wish, whos really behind this and whats their agenda. And more importantly, it pierces the shell of fake name committees like that by requiring that progress San Francisco in this example, the top two donors to that committee would also
Again, were trying to give voters information and ensuring they really know whos behind the Shell Committee and how much they gave. Only other thing ill say on that component and ill get to the last one is some may ask, well, arent the clever election lawyers going to find some other way to hide, and im sure they will. And to that i would say, were going to do that the same way you would eat an elephant, one bite at a time. And i think this will become the strongest in the country and a model for other cities. So at the end, i want to submit some materials, and supervisor mar has the same if you wish to share, is the paytoplay division, which prohibits not just the developer, which is already prohibited, but the top executives associated with that developer from giving to any city official running for the board of supervisors, mayor, or City Attorney or sitting in those offices for the entire time that the measure is pending or for 12 months its approved or after its done. We tried to