And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
The wind is at back of investors here in stocks. How much different that is since friday when everyone was talking about selling off shares of tech and 2018 was not going to be the year of technology, but yet we come in this morning and we seat flows which i think are very important to Pay Attention to in the first couple of weeks the flows are going into technology also, i would be watching as a early indicator of to 18 the u. S. Dollar and where that goes. We are challenging the 17 levels knows lows are the lowest level since 14 so i think thats going to be important early on. I meaning the setup, josh, would appear to be to be pretty darn good other than the fact that youve been up almost unabated for as long as we can remember whats the other risk thats out there to this story continuing the way that it ended. I think the most bullish thing that you can say the setup right now is when you actually look back at years where the s p has a phenomenal year, there is nothing in the data,
And weve got someone who says its time to fade the growth driven fang stocks that are in the nasdaq composite. Hell explain why in a little bit here. Home builders are under pressure today after President Trump slapped as much as a 20 tariff on canadian lumber. More on that plus the president meeting with farmers at this hour to sign an executive order in just a few moments, of course, well bring that to you live as soon as it is released. And transportation problems, shares of ryder system hit hard today, down 12 , the ceo of the Company Joining us to explain why this business is under pressure. They were almost 100 stock two years ago. Now they trade at 69. The Trump Administration is considered friendly for truckers, deregulation, infrastructure. Just the economys hot. Talking about all of this. After the bell, big earnings for at at t, numbers and analysis for you after the bell. Beginning with the market, nasdaq hits 6,000 for the first time ever, dow revisits 21,000, and bertha i
Can we do about it plus four stocks to trade those global water fear approximates. We begin with shares of General Electric hitting sevenyear highs on the back of its latest earnings. The stock has not closed at 29 or above since yawing august of. Its slightly below that and moving higher, about 12 so far this year. Is all the restructuring working. Mary thompson breaks it down for us. A lot of investors are at least betting it will work. Ge in the midst of a massive restructuring and it delivered stronger than expected profits for the thirty quarter even as revenue missed estimates. The better than expected earnings helped by strength in the aviation and transport businesses and the news it plans to sell its majority stake in the Consumer Finance arm has helped to push shares to the highest level this is seven years. The exchange will lead to a 20 billion buyback, twothirds of the 30 billion in capital ge is returning to shareholders this year. 2015, of course, has been a transformati
Reporter in the midwest, the system brought heavy flooding over the weekend forcing a partial closure of i 70 in missouri. A group of International Soldiers at Fort Leonard Wood for training were killed. It was dark at night. They probably did not know what hit them. Reporter in north texas as the death toll mounts, survivors say life has new m this made me realize how fragile life is. Try to do better. Reporter in garland texas. Marie icy conditions in texas cause an airplane to skid off the runway leading them leaving passengers stranded. A gust of wind caused the plane great all 160 passengers and six crew members were stuck on the e for hours while the airport were trying to get fans onto the tarmac. No injuries were reported. We have chloe standing by with a look at the forecast. We woke up to Clear Conditions and cold temperatures this mning in many neighborhoods starting off in the 20s. We will continue to see more clouds through the evening. Around our viewing area, mostly clea