Expected to have a real estate boom he says yes and has the numbers to prove it. You are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. I am brian sullivan. We are keeping our physical distance but hope you are doing well despite 25 plus Million People out of work and the steepest drop in retail sales in 30 years, the stock market looks forward and likes a bit of what it sees. Futures are higher once again. The dow surged closing above the 24,000 mark for the First Time Since april 17th capping a foursession win streak. The dow industrial average is up 10 this month ahead of the open trying to break a threemonth losing streak. A very different story on oil. Crude oil is lower right now nearing an important level a couple of things wonky going on bare with me i know it is early you have to watch the oil level. We could see selling pressure accelerate because the chicago amerimercane exchange recently changed on that contract
Begin to resume, as many assume in june and maybe be back to something more normal by this summer, i think a v is possible, but i am worried that the outcome will be worse. It really depends to my mind on just how much damage is done during the time that the economy is shut down in the way it is now. How much damage is done joining us is bob dole, chief equity strategist. Thanks for being with us i want to get your thoughts on the potential for this recession and subsequent recovery and specifically how thats factoring into your outlook for the markets . Yeah. Im not using a u or v im using a checkmark, kind of the big decline and then a noticeable, but slower uptake than we had on the downside. As you know we shut the economy off. We turned it off its not something from the outside did it we chose in order to fight coronavirus to do that therefore, we can turn at least some of it back on it will take longer to convince people its safe to come out from under the covers when it told the
Are moving slowly. Were down 1. 5 on the s p with one, two, three four sectors down more than 3 as we stand. Coming up on todays show, a rare and exclusive interview with the apollo manager and ceo, leon black well get his tack on this volatile market. Plus the big push with air mark to support new York Health Care workers. Well also speak with germanys minister of health as that country grapples with when and how to reopen its economy. A a better performer in a relative sense with handling the virus to come European Countries and coup tris. Lets focus on the big stories bob is tracking the sell off meg has new details on the rush to find a treatment for the virus. Phil is watching the airlines. Brian sullivan covering the historic opec deal its lack of impact on oil prices so far bob. And a great rally of last week, 12 on the s p fizzled a little today, but no surprise. Let me just show you today so banks were going to get earnings tomorrow. No surprise ch banks usually wilt a little
And a boom boom, just shake your options tony zang is a Video Conference call you need to be on its time to risk less and make more options action starts now. Welcome to options action. Im Courtney Reagan in this evening for melissa lee. We have carter worth and tony zang and mike ko joins us from the powdery slopes of utah just like the markets, hes been going down all day we kick things off with a rate route. Coronavirus fears really starting to take a huge toll on treasuries as investors flood into the bond market for safety. Check out the 30year yield hitting its lowest level ever today. Well, the tenyear is back below 1. 5 , and dont look now, but that pesky yield curve, its threatening to invert once again. But if youre looking to turn these low rates into high spirits, the chart master does have a way to get it done. So, carter, explain to us how we can do this. Anything that is obviously rate sensitive or inversely correlated has an opportunity to continue to do well even as ra
Test absolutely does have earnings coming out this coming week along with home depot. Carter, thanks so much come back over to the desk im going to send it out to mike whats the trade here if youre looking at lowes . Yeah, i think lowes is an interesting situation. First from a valuation situation, we had the market come back, but trading close to alltime highs lowes too trading close to alltime highs in price action but not earnings, 6 to 8 times earnings, thats expensive in the current context. When we look at names like this, whether its home depot or lowes, oftentimes people prefer home depot because they have a higher percentage of contractor business 40 of this comes from that where this is more individuals they have higher sales per square foot at home depot. The thing youd take a look at, take a look at the spread between the two in valuation thats right where it is on average. If you like the space im going along with carters technical view the thing you need to Pay Attention