Saying it will reopen 100 stores in the u. S. This week and progress on the vaccine front with heavy hitters stepping in which well have much more on. We will and not just are we excited about the new package there, the music is exciting i had seen the graphic, but i add not heard this music they should just playing through the whole hour to keep people on their toes very dynamic and thanks to the team for making it work. 59 minutes left of the show and big guests to come a huge exclusive with the ceo of merck. Ken frazier. Hell join us as they lay out their strategy to battle the coronavirus. Plus, mt. Sinai teaming one a slew of companies to support front line workers well speak with the ceo and ceo of pinterest. Mike is drilling down on the action meg is tracking progress on the vaccine front and wilfred has new comments from jamie dimon, but mike, first to you on this Broader Market and take ussen inside what are you seeing . Yes, obviously have broken above these levels everybody
Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
Hotter. Retail sales lighter. Jobless claims lighter, too. You have yields moving up. Take a look at the ten year, was 4. 26. Nvidia is lower. Tesla is lower again down 5 this week. The worst s p stock year to date. So were watching all of that. The point being, as i turn to josh brown, you say its not the place to look anyway, if youre thinking about where this next leg of the rally will come from, if you do believe one is in the offing, you say it will come from the small caps and thats where you are zeroed in for us today. Small caps and value and cyclical. Really, anything but tech is the beneficiary. Theyre going to keep using the companies atm witness, not because theres anything wrong fundamentally with the stories amongst the Largest Technology companies, but because theyve all been overbought for a very long time, people have chased, and there are other places to be, and, you know, professionals who have been in the market for a long time, they understand the need to have othe
Borisjohnson, largely absent up behind him, with the manager, iea boris johnson, largely absent from the table. Clearly not very happy and there is no love lost between the former leader, former Prime Minister and the outgoing First Minister. There was also another tricky exchange when Mark Drakeford discussed simon hart, the Welsh Secretary for the uk government throughout the pandemic. He was giving evidence on friday when she said she felt as though the Welsh Government was making decisions during the pandemicjust for the during the pandemic just for the sake during the pandemicjust for the sake of it, to be different to the uk government. Mark drakeford completely refuted that and noted simon hart did not give any evidence to back up that theory. Also Mark Drakeford said that simon hart got to the stage where he did not have much to do with the start of the pandemic, otherthan much to do with the start of the pandemic, other than essentially borrowing bothering Mark Drakeford about
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that period, the unemployment number that friday, thats the