For a closer look at the economic fallout from the coronavirus situation. Steve is dig through that right now and wee chell check in wit. Kelly. As mentioned the nasdaq was heading back to its record high, but now its under pressure. Down about. 5 at last check. Bob. Its under pressure because the mega caps are finally underperforming, its about time in the is all part of that broad evening o broadenning out of the market. You can see it again today. Whats outperform something whats doing better . Stuff that wasnt doing well a month ago. Weve had double digit gains in some of these banks. Fifth third up 15 so far this week. All of them are up double digits. Look at the retailers, nobody cares about macys or nordstrom. A few people are trying to do something. Some of these stores are up double digits. Gap, kohls, all up in the is for the week overall. Same thing with industrials. These stocks were not market leaders a little while ago. American, theyve had a great week. Theyre all up do
With aerial investments. Good morning to you both charles, ill start with you tech stocks have had a very strong start to the year can that continue . Well, full disclosure, ive been skeptical of these stocks for a long time and ive been wrong. And i think there are a couple of reasons that i cam concerned the first is theyve been drive higher the s p is dominated by these large companies. As more money goes into the s p and index funds, these funds buy these stocks for no fundamental reason i do worry if theres a reversal in those flows, these stocks will be hit hard the second thing i worry about is regulation. Theres almost nothing that republicans and democrats agree on the one thing they do agree on is that Big Tech Companies have too much power i think theres a real risk of regulatory pressure. Were going to dig into that a little bit more, im sure. Walter, if you look at whats been the best performer in the dow so far to start this week, its been apple. How much of that is relat
Power that it already is. The the soft power, its position on north korea will be significant. I understand why china takes the position it takes now because it still serves a purpose in terms of a strategic a strategic buffer, but i think the longer china continues to be a patron of this road state that has been determined by the United Nations as a country that commits crimes against humanity, that turns a blind eye to the nonproliferation regime, it is going to be a huge burden on china increasingly. I believe in the mid to longterm perspective, the sooner china is able to shut this headache the sooner china will become a leader that we will are in its respect, and certainly from south korea. Professor moon. Yes, a pressing priority for all of us. Very shortterm thinking on my part, which is lunch. [laughter] thank you again. Lets give a big hand to our prestigious speakers. [applauding] [inaudible conversations] q a is ten years old, and to mark a decade of compelling conversations
Bailed out like the banks . It sure looks like it. 65 of americans by the way are totally opposed to it. All those stories, much more coming up on the kudlow report beginning right now. Good news is good news today. Big jobs, big stock rallies. We have all the details. Good evening. Larry, plenty expecting a nonfarm payroll report, but no one predicted the markets would react this week. There was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. Cyclical sectors were strong and even the Interest Rate sensitive groups had a good day. We closed at the highs. But what about the taper fears . Remember bond yields had moved up from 2. 5 at the end of october to about 2. 9 today. Most traders havent changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. Finally, janet yellen will believe to enforce that tapering is not tapering, like