Famine market ive ever seen either the world is ending or everything is going to be just fine. House of pleasure no middle ground. Problem is, thats a terrible way to invest. Have to try to keep a level head, not too negative, not too positive thats how you handle days like today where the average is up and down, big before covering, not only gaining 158 points. S p climbing. 83 . The nasdaq jumping 1. 43 down so horribly, wow, let me break it down for you. This morning at 4 00 a. M. This market looks horrendous. Down a thousand points why . Nobody really knows. We heard it was because of covid spikes and outbreak in china i was watching the tape and it was all about the same, the big declines in royal caribbean, norwegian cruise, carnival, apache, united, continental, southwest, kohls, everything got crushed last week, everything that always trades before the market opens. Why dont we call them unusual suspects thats the new playbook for all the novice investors who crowded into the m
Month. The Unemployment Rate fell to 11. 1 . That is sparking a rally as investors also ignore rising coronavirus cases. Right now, as you can see, we are hovering just above 26,000. We may hit session highs once again. The dow was up more than 400. We will see if we can kick it up in the last hour. The s p up 34, the nasdaq up 122. This could be the 23rd record close for the nasdaq and second day in a row we got records for the techheavy nasdaq. We shall see. The june jobs report reflecting the reopening of america. Atlantic city casinos rolling the dice on reopening today. The ceo of golden gate casino shares his advice for his competitors after opening his vegas casinos just last month. But gym owners are still waiting for the green light to reopen in many places. Beach body ceo and founder on gym owners rights to the workathome boom. And its ipo day for lemonade. We will talk to the ceo of the insurance app thats targeting millenials and disrupting a very traditional industry. Less
The market rewinding as the fed rate cut hopes are dampened. Wall street is getting more bearish as Morgan Stanley says to sell stocks now euro banks are in turmoil as Deutsche Bank takes measures to restructure. Did it come too far too fast, and are we about to see a stock rewind guy . Number one karens back, youre everybodys back now gangs all here all here. And the matching outfit matchymatchy cute. Whats wrong, dan i havent seen you in a month and youre already discounting me no, im loving the Syracuse Orange way to represent, people listen, i think stocks have gone too far, too fast, absolutely i thought that, you know, probably 250, 200 dow points ago, maybe 75 s p handles to go. With that said, you know, the Morgan Stanley, thrive beentive. I think theyre going to be right. The thing on the list that concerns me the most believe it or not is Deutsche Bank and european banks in general. I do think the markets banking way too much on the Federal Reserve that is now people think th
15 states and 1 territory Holding Republican and democratic primaries today. Trumps widely expected to win all the gop races, picking up most of the 854 tell gates at stage at stake. By the end of the day, he will be the presumptive nominee, thats my opinion. He told fox this morning that biden is the worst president in history. Virginia is considered nikki haleys best hope, but he has no Events Scheduled she has no Events Schedule canned after todays contests. Biden has to worry about a big uncommitted vote, seven states allow that writein. If the uncommitted get anything like the 13 they got in michigan, biden is in trouble. For some time Michelle Obama has been talked about as a possible replacement for biden. Its not going to happen. Nbc reports the former first lady, quote, will not be running for president in 2024. The Supreme Court says unanimously trump will not be on the ballot. Democrats not happy but theyll try again. Democrat jamie raskin says hell still try to get him off
Alphabet well talk about that. And thats one stock defying the selloff today. Youre looking at it, up 6 . Up 600 in a year. One of our guests called it a top pick so we invited the ceo to join us, and he will for an interview, just ahead. We begin with todays markets and the not so pleasant markets and dom chu. Not so pleasant, but a lot more pleasant than they were a couple hours ago take a look right now. What we are seeing right now is the dow down about 1 to. 25 the broader s p 500 back above the 5,000 mark it was below that level earlier this morning were off about three quarters of 1 . And the nasdaq, the epicenter of the downside, is down about 1 the nasdaq, 15,432 down 170 points to give you some perspective, at the lows of the session, the nasdaq was down almost 2. 3 . Now down 1 , so at least a dip buying at the time being lets take you to the epicenter trade, mega cap technology, the socalled magnificent seven type stocks the only one in the green so far today is nvidia. So