Now were well off those worst levels as tyler and kelly were discussing financials and industrials are in the green tech though does continue to lag even though it is bouncing back. Sara, were well off the lows but in the red just about. And in the red for the week which breaks the five week win streak plus, turning the page well speak with Mark Thompson whose tenure comes to a close as of tuesday that stock climbed more than 400 under his leadership. And the ceo of Hawaiian Airlines will join us after his company scrapped change fees and hawaii struggles with increasing covid19 cases mike santoli tracking the selloff and the come back in the market josh lipton has details on a volatile day for apple and joining us to break down the moves in technology, dan niles from april hl one capital. Start us off here on the Broader Market and what you think is important. Yeah. Sara, a pretty good little day and a half rinse that we got from the highs on wednesday. Look at the s p 500 in the shap
To buy the dip should you hold onto what you have in terms of technology or should you get out of some of names you have ridden up or wondering what to do i ask you through the prism of selling slack on august 25th and then adding to crowd strike this week and what that says about how you view that question one of my favorite sayings about being a Market Participant is if you dont know who you are, the stock market is a very expensive place the find out i know who i am. Its taken me a long time to get here i understand the way that my mind works in both bull markets and bear and bear markets. I understand the things i have to correct for the biases i have to overcome. I cant get rid of them. People dont really change they get smarter but they dont change theres two ways tho think abou your question. Here is a stock thats 400 chair. Down 18 from a recent high. You watch it the whole way up kicking yourself that you dont own it one of the hardest hit names a of the last week or so, if yo
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat
Say he will note pressure democrat to back impeachment. Reports coming in democrats may start defecting. And more abusivive power from fbi under the obama administration. Saying they did know about spying on Trump Campaign in 20 2016. Saying he was misstating things, fbis james comey triggered Mueller Probe anyway. And overwhelming majority deported in last fiscal year were convicted criminals, we have that story and more, im elizabeth macdonald. The evening edit starts right now. We begin with late word that phase one of china trade deal is imminent, blake at white house with more. Reporter good to be with you. According to sources we spoken with. A phase one trade deal between u. S. And china has been described as imminent and essentially done. A Chinese Government source telling fox business that deal would result in tariff not Going Forward sunday, that could have potentially been implemented. Atthispoint details are relayed to buy joining. It is important to note, even as we saw a
Weeks g20 meeting. We are just higher on the s p. We only need one basis points of gains the s p 500 with a the dow is up and the high is up one 54 the nasdaq is just lower joinin us to break down the with these record highs for the value. What have you been buying this week question. We try to buy what others are sellin we are not momentu players whats out of favor is anything cyclic the economy will head south and you have defensive stocks at cheap. Banks, pick out one that rules, but one is if you ever bank, thats almost always a great opportunity. Gold men sacks is trading and you get the franchise for free thats only fractionall above. This i a broad sector sell dow or is it goldman saxspecifi a timing situation. As you know, the market tends to focus shortterm in the long run, the opportunity to buy these names is a great live during the show at 4 30 lots discussion on the storie of the day, bob pisani bob, l start with you. Thats around indeterminat 2. 5 on the week. I would say