On the walls check out my twitter feed. See all the ridiculous speculative names people hope ill mention or pump same deal, no earnings, but right on stocks. These are textbook signs of what we call froth. Thats what this is. Its froth and you know what . All the froth got crushed today. Dow plunging 517 points, s p plummeting 117 , nasdaq nose diving 1. 55 not bad for an amateur so whats become too riskier let me give you an example last night kind of cool. We had novavax on, hottest stock on the market. Vaccine developer working on something for covid19 the stock runs from 18 to 40 in two days i cant recommend Something Like that thats this, you know, novavax is this, okay. Good guys, but it doesnt matter it actually managed to rally today. Maybe novavax wins the vaccine rate if they dont, the stock is going to get eviscerated id rather have you in something thats diversified glaxo, pfizer, j j same for biotech stocks. Anything related to ebola, flu, except regeneron they have little
24,615. The s p gaining nearly 100 points right now. But you know what, moderna really gets a lot of credit here. Its just one, though, of dozens of Drug Developers working 24 7 on vaccines for covid19. Speed is of the essence and thats why they are turning to a publicly traded name of a highly Specialized Software Company Helping them put the pedal to the medal. The ceo is here in a fox business exclusive. As Jerome Powell prepares additional ammunition in the form of money to help the economy, could you hear the secret message he aimed squarely at congress and the president during his 60 minutes interview . We are about to decipher it for you. Speaking of president trump, as applications for jobless benefits soar, it is the Restaurant Industry that has already bled three million plus jobs. President trump meeting right now with Restaurant Owners and executives. He said he is going to take questions when he is done getting the roundabout from the table on whos who. We are going to tak
Outperformance of small caps for a sixth straight day, so that is sort of the good news, but it is all a waitandsee game as we head into the ecb. Underperformance happening with btps in europe. Twitter earnings breaking as well. Revenue coming in stronger than estimated at it hundred 7. 6 million. 876are shifting at. Illion has a look at the monitor bullet daily active users, they came in at 166 million. That did beat estimates. They did add 14 million average monthly daily active users since the previous quarter. Seeing more activity. Now it is about monetizing that activity. Twitter is up by about 10 in premarket. More coming out later on in the show. We do want to give you a snapshot of all that is moving the market from our team in new york. We are going to begin with the data overnight in europe. Recession,s record plunging into record contraction, shrinking about 3. 8 . The slump adding a lot more urgency for joint physical support and puts more pressure on Christine Lagarde late
Up for the season that starts next month with all the teams playing in phoenix. The cdc and National Institutes of health are supportive even espn. Even though there wont be any fans, it seems like we might return to some semblance of normalcy well, dont take me to the ball game, but have a ball game i think thats the perfect metaphor for today the market started strong, kind of excited about the baseball season dow up at 1. 900 points i think the metaphor is actually wrong which is why we sold off hard in the afternoon. Dow ended up closing off 26 points s p dipping. 16 it was quite a reversal. Were supposed to be in one of the saddest moments in history while we slow the spread of covid19, the death toll keeps rising the darkest is just before dawn. What do they think dawn looks like if you judge from yesterdays action, investors are buying on a vshape recovery boom, boom, business comes back, everything comes back to normal. A v says we have this virus whipped in no time id love tha
Minutes. Plus im going in depth on liberty and prosperity. As more americans wear face masks are we getting a faust sense of security . What about that malaria drug causing fights inside of the Coronavirus Tasks force . I will ask a doctor for his take on that. All that and so much more on making money. Charles stocks soaring as investors grasp at the, some early signs of hope in this battle with the coronavirus outbreak, encouraging words from President Trump that the crisis could be reaching some plateau of sorts coupled with encouraging signs across europe and in fact new york state which we know is the hardest hit in this country. I want to bring in capital wave strategist, shah gilani and ehren gibbs. I want to look at the data coming out of europe and south korea, china. Then in moved to italy, now of course spain. Every time i see positive signs ive also seen some correlation with the stock market, at least in futures trading but this is a big move today. No, definitely. I, it i