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As the action ultimately turned negative today down. S p declining. 80 and believe it tech and 234nasdaq plunging 1. 6. This month the market is led by the covid winners, the names that do fine when the economy is frozen those are not the stocks that lead us higher when times are good but as we saw today, covid plays could lead lower when the economy is improving are we finally emerging from the trough lets consider the case here first, you need to know. Were in a dangerous place its dangerous to be where we are because you can never tell if the economy is really at an Inflection Point until after and even if it is, covid stocks make up the average and drag down everything were now in the third day of this rotation with the Fastest Growing covid winners, industrials, travelers, retail these groups struggled to find their footing because they are covid losers but now in the ....
Community pushed back. Call this a red carpet alert the first one in months as movie theaters continue to reopen. And later, more than 800 return on a 400,000 investment it has nothing to do with the stock marketment all of that ahead on this monday, august 24th and this is Worldwide Exchange right here on cnbc. We are ready to play. Brian sullivan good to see you on this very busy monday morning. Thanks for joining us. Theyre setting up their day and their week and they are setting it up strong or on that big graphic right in front of your face stock futures are solidly higher dow futures up 215 points right now. Overall you know the headlines they say stocks keep going up. Thats only half true. Big cap tech keeps going up. The only sector to close those stocks as we well know by now are so big look no further than apple apple ending last week up 8 taking it along for the ride but the majority of the market is actually going ....
Backs in may, that order was extended indefinitely. This administration has had an opportunity to use the pandemic as a justification to essentially waive all asylum protection for individuals. They say they are complying with all lodging requirements set on state and the federal levels and in addition, they say their customers have assured them that they are meeting all requirements that are set by the government to house these groups. Miryea vill alice loves the scent of gain so much, she wished there was a way to make it last longer. Say hello to your fairy godmother alice. And longlasting gain scent beads. Part of the irresistible scent collection from gain we love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance eas ....
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo ....
Place in order to ease this very broad mitigation and very broad shelter in place. Reopening fully will be a lengthy process and needs to be done slowly and cautiously. Governor newsom went into detail as he outlined plans to reopen the state. He says easing stayathome orders is dependent on six criteria. Protect communities through testing, protect at risk groups from infection, make sure hospitals and Health Systems can handle a search, develop therapeutics, and make sure schools and businesses have social distancing and the ability to reinstitute stayat home orders if necessary. More on the governors plan from tom vacar. We do see light at the end of the tunnel, where there is a ray of optimism. Governor newsoms plan to reopen california is based on a phasedin plan of six very broad frameworks being advanced before he will even hazard a guess him when california will actually reopen. I guess he has already delayed for two more ....