Welcome to closing bell, everyone im wilfred frost along leslie picket in for sara isen today. Nasdaq holding on to some gains ahead of the holiday tomorrow. Pain in the labor market as new Employment Data underlines how tenuous the economy is nasdaq higher, growth out performed value. Energy under some pressure for a change after a huge surge in november and weve seen strong numbers from Corporate America mastercard said spending remains steady gap the counterpoint that stock is down 20 today alone. 59 minutes and oneday holiday coming up, of course, tomorrow the dow is down 0. 6 . Coming up on todays show, Website Security Company Cloud flair shares are up. Well speak to the ceo plus, riding with unicorns well talk to Founders Fund keith rabois Steve Liesman has a look at todays economic data. Mike santoli is tracking the market action. Deir deirdre bowsa has details. Steve, start us off with the economy. A busy day today. Yeah. The Federal Reserve earlier this month at its meeting d
You cant when the nasdaq is running like this. A 7 gain in index, you almost have to realize everybodys price target has to come up. Its baffling and confusing people who are not in the stock market but making a lot of sense to professionals who realize oh, my, god to chase. Yeah. Banks will get jp morgan tomorrow theres a lot of discussion about the commentary will matter more but also the idea that because of where estimates are, you could see some upsize to prizes another upside out of bsf. Jp morgan, the whole group is insane Goldman Sachs goes from 190 to almost 210 its almost as if people said, find me something that is not crazed my issue will be loan losses and possibly dividends and i think a lot of the chatter i listened to wilf this morning but a lot of the chatter is if people are getting more stimulus and money is being pumped in, why should these Companies Pay their dividends . I personally think theres no problem but that wells fargo dividend news shook people up. Hey, c
Of people. Much like us, advantage with jobs, but the United Kingdom request of aid is extraordinary, the size of people struggling. Francine that figure which you say is very much like we are seeing in the u. S. , was quite shocking. We know this is big and millions of people are losing their job, but the government saying 66 of businesses have asked for Government Support to pay wages. When you look at what Central Banks can do and this was clear from jay powell yesterday if you look at the stimulus they are putting in place for the recession are when the pandemic is here, now, and the second phase when a recovery takes place, three months, six months, even longer, what kind of tools and stimulus support will need then. Tom it is absolutely fascinating. ,or those waking up in america i cannot convey that rotation of earth and data coming out of asia. Data hasy of european been absolutely shocking this morning, and we will give you a brief on that. Us Nouriel Roubini will join and we
For some time. Since 80 of the people with the virus experience very mild cases, it went undetected until people at work at risk started getting sears the ill. It takes at least two weeks to start to have an effect because think invasion time period for the disease is at least two weeks. So right now, it is really not important if you want to stay healthy, to be counting numbers and trying to look at curves and looking at projections, what is really, really important is to stay at home, stay away from other people. They point to the example of china, the epicenter of the virus. Jesse gary is joining us from the, and you are giving us an inside look at a Convention Center that is being repurposed as a temporary medical facility. Reporter thats right, it new information for you at this hour, we have learned that that facility could be, could be ready to go by next week, when all is said and done, upwards of 250 covid positive patients could be moved there for treatment. We got a look ins
For unable to let them talk, but this is repeating it, what is happening here. Thank you. This is ktvu fox 2 news at six. As the weekend arrives, a renewed emphasis on stayat home orders, the new restrictions and closures at parks and recreation areas to make sure people are maintaining social distance. If you are not performing an essential task to keep our city running right now, then you only have one job. Stay home, and keep yourself safe. Strong words from the San Francisco director of public health. Good evening. It comes as washington hits a historic rescue bill to help give americans money needed. This afternoon President Trump signed the two trilliondollar Coronavirus Relief bill, it is the largest stimulus bill in american history. It gives Many Americans 1200 and increases on Employment Benefits by 600 a week. It also provides Small Businesses with loans to pay employees, rent, and to pay for other expenses as well. The 2. 2 trillion goes to 6. 2 trillion, depending on needs