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Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounce ....
Mask over 1000. 00 testing ramps up across the worst affected parts of kenya but many are worried being forced into quarantine. Company welcome to aljazeera as many countries cross the peak of the coronavirus pandemic World Leaders are now being forced to make a decision open up the economy or reduce the risk of a 2nd outbreak that thailand has announced it will be reopening Department StoresShopping Centers and food courts as it winds down its restrictions however International Flights are still banned which is bad news for the countrys vital Tourism Industry chinas economy is showing signs of improvement after its lockdown was eased its industrial output is up 3. 9 percent in april compared to l ....
At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the nation ....
Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last ....
Its an ugly day on wall street, all major averages are down 2 . The dow wiping down 900 points in just two days we are on track for the worst start to the Fourth Quarter since 2008 and tech, one of the worst performing sectors today, check out some of these moves, microsoft, apple, visa, cisco all under pressure for more, lets get to bob posani a slowdown, not a recession thats a consensus will change the way you look at things a week consumer would second the country down for an Early Warning sign, ive been watching these big consumer stocks that have done well the last few years doubledigit gains here, theres some cracks showing. Starbucks has been weaker in the last month its down about 12 . That may not be surprising given how china is in its portfolio. You see some of the consumer giants here. You can argue, go to the defensive stocks these stocks have had large runups th ....