Worsen, suspending imports of australian coal. Disney jumping a late trade on a management shakeup and a focus on streaming through a newmedia unit. We hear from the ceo. Check of howget a the markets are trading. We are seeing u. S. Futures coming online pretty much flat. We saw u. S. Stocks climbing to an almost sixweek high we had a rally. The s p 500 gaining ground. We also had financials pretty strong, gaining more than 1 ahead of earnings season. Jp morgan and citigroup reporting tomorrow. It was really about this years trade that really led the rally. The nasdaq composite gaining more than 2. 5 . Amazon soaring ahead of its prime day. Apple also jumping. The product unveiling but its price target was raised by rbc Capital Markets. Take a look at what oil is doing, reversing some of those losses it saw during the u. S. Session when it fell below 40 a barrel. Gulf operations restarting after hurricane delta. Sourcesention, libya saying we could see output there doubling within 10
2. 5 florida reporting a record jump in new cases today the governor of texas saying there is a major Virus Outbreak sweeping the state new york, New Connecticut imposing ;stcftk from hotaa spots guy . The bottle i dont think theres anyway to get people to go back to what we were doing a few weeks ago i think we tried to do this too quickly. One of the things i said and im not splitting the at tom here, a lot of people have said it, the bullish, cmi m 1 if you want t }zthe beach. That soon as much as youd love ton seea vaccine arounds, the corner,vs just not thereband the0รทnumbe are going back. thats veryfk troubling especiay when youre talking about s an economy thatca73 drivecmby consumer theanes p 500 clztoday at 3050 to me the number that keeps popping up is 2790 and the s p 500. It makes a lot of sense for a lot of reasons you just say, well, look where we came into a day like today where there was some disturbing news on the virus the market has been unabashedly
Jack how common carleton english. The dow is down on the week despite a furious 1000point rally. Dow jones market group shared a wonderful statistic, the last time we had a back to back 9 move two days in a row was october 1, 9209. This is a wacky market. Finding comparisons for is almost impossible. When you put together a virus like this, you put the oil crisis we have the Oil Prices Drop like this ship but the facts were in a president ial year this is all just wacky. And it almost feels like a big relief we got this 2000point rally out of the dow on friday. Because coming and said friday was just awful. Some of the worst trading weve seen since 2008 and yesterday, thursday, the drop was the biggest since 1987. These are crazy moves. Jack so clearly the oil is a problem here. But i think its mainly coronavirus. Think theres this old cliche that insert is what the market hates. I think you put a finer point on it does make sense. The market hates known unknowns. We know this a proble
Been banned to further spread the disease. Major sporting events were postponed or canceled. Schools and colleges close their doors, concerts were scratched, even traditional st. Patricks day parade were called off. Thousands were told to work from home. President trump was seen daily on tv holding high level meetings and giving updates on the federal response. His critics blasted him for not doing enough. That on friday, he declared in a National Emergency bringing out more federal money for states and municipalities. Meanwhile wall street was reeling. The Financial Markets have gone into freefall on fears the impact of the disease could cripple economic growth. History was made on wednesday when the longest running bull market came to an end almost exactly 11 years to the day began with the dow falling more than 20 from its highend month ago. The next day, stocks drop the most in one day since the 1987 financial crash. However on friday, there is some hope that the federal Stimulus P
Jack how common carleton english. The dow is down on the week despite a furious 1000point rally. Dow jones market group shared a wonderful statistic, the last time we had a back to back 9 move two days in a row was october 1, 9209. This is a wacky market. Finding comparisons for is almost impossible. When you put together a virus like this, you put the oil crisis we have the Oil Prices Drop like this ship but the facts were in a president ial year this is all just wacky. And it almost feels like a big relief we got this 2000point rally out of the dow on friday. Because coming and said friday was just awful. Some of the worst trading weve seen since 2008 and yesterday, thursday, the drop was the biggest since 1987. These are crazy moves. Jack so clearly the oil is a problem here. But i think its mainly coronavirus. Think theres this old cliche that insert is what the market hates. I think you put a finer point on it does make sense. The market hates known unknowns. We know this a proble