Gold price you look at. December futures are the most heavily traded, and they are closer to 2000 than 1950. It is a conversation as well as real yields continue to grind lower. That sets us up or what you are looking at into the fed on wednesday. What else can they do to offer more . In the meantime, we are waiting for fiscal stimulus in the u. S. What can they deliver and when . Guy that is a question we will learn about in the next few hours. We have this announcement from Mitch Mcconnell, we think that will be around 4 00 eastern or a little after that. It will be fascinating to see where the republicans are and where the democrats are. We know where the democrats are. How big of a gap will there be and can they close that by the time we get towards recess . Alix the other news is the virus, certain areas of the world shutting down again like in spain. Hong kong more restrictions as well. Getting apping after second round of u. S. Funding for an experimental vaccine for covid19. Ta
Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around the world and investors are perhaps cheering that in terms of what is in demand and shrugging off the bullish ideas,
Alphabet, the stock higher after reporting a quarter that is under way. We have full Team Coverage under way and gene munster is listening in on his phone, and lets start out with deerd deid bossa. Im sorry guys just on the call right now the cfo was just talking and i was listening so intently because she was talking about the Second Quarter and shes seeing some signs of commercial activity recovering and she said it would be too early and too premature to make any kind of conclusion or talk about how durable that may be. Going back to the results the ad revenues were hit and perhaps not to the extent that wall street was expecting and they echoed the comments that cfo made saying that it was a tale of two quarters, strong at the start and then ad revenue declined he also struck an optimistic note saying he had reasons to be confident. Have a listen. Let me just explain that to you. He said he was optimistic because as they saw after the financial crisis in 2008, one of the strongest
Best performing s p 500 stock the past decade. Lets get nasty now can you name the worst were naming names on the dog of the decade all right all that ahead with you we begin with the major headwinds from American Airlines shares of aal tumbling today after Wolf Research said the Company Likely wouldnt meet guidance for the next carrier merp sits amid major tushlens. The fleet of max planes are grounded underperforming rivals like delta. And far underperforming the stock etf ticker jets look at the chart. American is the white line, the wrong direction. Does in stock, American Airlines, gina, deserve a ticket out of our into our portfolio. I think its rough for American Airlines. If you look at the forward aggressive Forward Guidance is wasnt that aggressive they are looking at 4. 5 growth. American airlines the last zaekd are decade has grown zero jets has been pushed by Alaska Airlines and southwest those have been the only profitable airlines. Superprofitable airlines this past deca
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei