After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
With you great to see at least your picture here and hear your voice. I want to start with the markets in general and warren buffets comments his comments appeared to go against popular wisdom i think in how to manage investments he sold airlines low, didnt buy anything during the historic selloff i wonder what you think from a Research Perspective how investors playing at home should what they should take away from that after having one of the worst months ever in march april has ended with one of the strongest rallies in about 30 years across a number of benchmarks the s p 500, the nasdaq, and u. S. High grade. So i think that you should expect some consolidation this month. Now there is just so much liquidity in the system. We estimate the Central Bank Balance sheets will expand 17 this year. You dont bet against that we still think you should be, you know, constructive, but consolidation is in order. The markets responded the fastest, the virus and the economy last and the data pri
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
Highlights. The senators blasted Dennis Muilenburg time and again on a wide variety of issues some accused boeing and the ceo of not being straight with them, outright lying in terms of questioning about the 737 max. Others basically said to him, youre the ceo, how could you let this happen . Youre the ceo. The buck stops with you. Did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here. Those pilots never had a chance these loved ones never had a chance they were in flying coffins. I was walled walk before getting on a 737 max i would walk zbra there is no way just a few of the comments from senators asking Dennis Muilenburg and also offering their opinions in terms of the 737 max more Dennis Muilenburgs time he said time and again, look safety is at the core of our mission. We are committed to making sure the max is safe when it returns to flight and that the Company Makes changes that are necessary
Minor deal that would be open. As far as no more tariffs would be open as far as two more rounds of duties in return, they said they would be open to things. Speaking on the background in terms of noncore recession saying they still would not budge. That was an official speaking to one news source. Lets take a look at what would happen in asia the nikkei came under pressure hang seng down about. 8 and shanghai am coup about. 4 markets go up or down based on what rumor or headline at any given point on these trade talks scheduled to begin tomorrow in the United States. In europe, the bachl dax is up y about 1 looking at the treasury market, yields are higher. The 30year, a little higher than where we were yesterday the twoyear sitting at 1. 44 . Eunice yoon joins us now. Did we sleep last night. We look horrible without these thanks for pointing that out. Mine is too bright. We are going to toss to eunice ill tell you what way was thinking about on my way in. Did you hear about how many