Finia oh, 139. I have to relax. Nina okay. Lemonis okay, okay. Nina youre not dizzy, are you . Finia nina, you see how aggravating this is . Lemonis im marcus lemonis, and i risk my own money to help businesses. I love investing in american businesses. Woman these people are here because they care. Lemonis its not always easy, but i do it to create jobs, and i do it to make money. Do we have a deal . Lets rock and roll. Man yeah lemonis this is the profit. Im in atlanta, georgia, and im on my way to perimeter mall, and im here to see Macaron Queen, which is a very small startup in the dessert space. Its clear to me that Macaron Queen has a Good Business model on a small scale, but this particular product possesses all the qualities needed to actually become a directtoconsumer product and a big wholesale product. They want to grow, but they want to grow profitably. Woman 2 a princess cake, two of those creme brulees. Lemonis i love french macarons. I would almost call myself a macaron s
Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19
Romaine we tuck about the nasdaq being at that record high. 7 , 8 is still about below its previous high that it hit before the drawdown in february. Likell 2000 down something 14 . When you start to sort of look at how this rally has been distributed, there are certainly a lot of areas that can play catch up. We have seen that kind of bottom feeding. Somel traders picked up on of these stocks that they felt were little bit too beatendown. Looking for a bit of a rebound there as well. Still with us, sarah malik. I just want to talk about the support that this market has had from the Federal Reserve. Policy,banks, monetary both what has been implemented and what has been promised. Goinge point, the fed is to have to reckon with this, whether they should pull this back. Do you anticipate that there would be a negative reaction of any significance in the equity markets to the fed starting to unravel . I think they have been pretty clear in the fact that they are going to provide support a