Ppp money that he took . And, of course, today juneteenth, and the calls are louder than ever to make it a national hospital. What i think this means for our nation. All that and so much more on making money. Request. Charles so this week has seen extraordinarily light volume, a negative breadth which has been masked by these innocuous closes, right . Down days nothing dramatic. Now, one dilemma i think particularly for Institutional Investors is getting forward guy dance right and valuations. Its certainly understated right now that earnings are going to be a lot better than official wall street estimates. Now, in a different environment the current valuations would certainly be a major deterrent. Many old school investors are hesitating. One thing are these yields across the board on stocks, bonds and other investment instruments. Is so more than likely the catalyst to sort of get them off the sidelines and that big money into this market would be higher markets. Of course, the highe
Carolina, north carolina, due to spikes in covid19 cases. Well, that spooked investors. Look at the steep drop on the dow intraday chart at exactly 12 10 p. M. Eastern time. Now heading into the final hour, the dow still losing about 145 points but off the lows of a loss of 320 or so. The nasdaq which started the day heading for a record close above 10,000 is now down 13 points at 9,930. While apple closes up some shops, cities across the nation are still moving forward with reopening their local economies. Federal reserve vice chairman is here in a fox business exclusive, in his first and only interview this cycle, we will ask him what it all means for the 45 million americans out of work. How long will the feds money spigot stay open . And what new financial tools is the fed ready to pull out of its tool kit . Breaking news, call it response or just massive blowback, but less than 24 hours after announcing moviegoers would not have to wear masks, amc theaters has just reversed course
Sports leagues are trying to make a come back mike tirico is going to tell us what the biggest hurdles are that all of the teams are facing right now. Tyler, thanks, the nasdaq is on track to snap a fiveday winning streak after the apple hedlines spooked investors. I think the key point here is that there are is 11 stores it is only 11 Stores Online stores are still open most of the others are still open most only have curb side pick up, but the whole thing is trying to figure out the trajectory of reopening. The closings of anything, and the market should be concerned about this you look at some of these travel a and leisure stocks they were flattish a little over two hours ago here, but trip advisor is down here we did have that announcement, no cruising until september 15th, but that was only a short while ago. The apple announcement was before that. Another casualty is brick and mortar retail. I want to specify, it dropped here, here is your dillards, abercromb abercrombie, and mor
Fed vice chair Randy Quarles talking about the stress test next week, seeing dividends might be influenced by the pandemic. He thinks most banks will be allowed to retain the dividends, and particularly with wells morgan believe, and stanley, highlighting concerns about financials recently. So the underperformance today caught my attention. Caroline we get even more insight on underperformance, and what led to the selloff at the end. The northwestern wealth chief manage he chief strategy manager is with us. We were lower earlier and then i got a message from a key r on the bloomberg squawked talking about how the vice chair of the Federal Reserve was saying, there is no limit to fed treasury buying. That seemed to give the stock market a little more support toward the close. Is the fed still the be all and end all, is liquidity still the beall and endall in this market and can we grind even higher as the covid rate is still causing concern . 26 years of doing this, the fed has been sup
An uptick in covid cases this comes at the end of the week when analysts were becoming increasingly bullish on the stock. Rbc upped the price target to 390, saying the company is in a league of its own. Citigroup came out with a price target of 400 on potential of the 5g iphone, and today, a new street high from jeffries who thinks the stock can go another 15 higher from here so what do we make of this bullishness, especially as there are still uncertainties about this u. S. Economy . Pete, what do you say . Well, i can understand the bullishness just because of the fact there are so many different verticals that apple actually can tap into were talking about services, wearables all the time, even the mac, which is almost a forgotten continues to be something thats very strong. So theres so many different verticals they have, but when you start closing down stores, obviously, theres going to be effects, and people are going to react like they did today. I think in the longer term, were