Courscourse jim cramer right now the stock market and the bond market are like two heavy weight champions duking it out. And todays stocks had a very good round dow surging 1,173 points, the s p 500 skyrocketing, the nasdaq soaring 3. 85 . Hallelujah. Who are these two boxers . In one corner you had a stock market that had gotten viciously oversold thanks to the coronavirus outbreak and wall streets existential fear of a Bernie Sanders presidency. In the other corner, well, youve got the bond market specifically u. S. Treasuries every time they go up in price, we go down in yield. Lately their yields have been plummeting sending chill through the spine of all investors who follow both markets. Now this is a vicious and i will tell you somewhat scary for us, but bond yields so frightening low theyve been decking the much smaller stock market, as surely as muhammad ali sent so many challengers to the canvas the bond markets still screaming that were not out of the woods, that were being
Underneath we saw a radical devaluation of all sorts of stocks we were forced to reconsider how much well pay for a certain amount of stocks now and certain amount of growth now and how much we will pay in the future or do we sell . Most dramatic example. This morning an activist group Elliott Management took a 3. 2 billion stake in at t, gigantic, and sent a letter to the board of directors stock trading at just under 37 they think they can get it to 60 plus by the end of 2021 if the changes are made that will be huge. At t has been a real lager at t blames ill advised decisions by management, like overpaying for directv what would the failed acquisition of tmobile which ended up jump starting their competitor with a gigantic breakup. With some changes elliott argues at t can be worth a great deal more than its selling for they want the company to distract itself from side businesses cut the fat. Emphasize changes. Stop doing willynilly acquisitions at every turn put it altogether and
Trains in mixed martial arts, replied with a caption, send me location. The ceo of x, formerly location. The ceo of x, formerly known as twitter, responded, vegas octagon. But he has since pulled back , citing injury pulled back, citing injury concerns and the long awaited british summer could make an appearance a brief appearance later this week with temperatures of up to 30 degrees, predicted. However, degrees, predicted. However, a yellow rain warning is in place for Northern England and wales tomorrow with risks of flooding and disruption. But once that subsides , as temperatures are subsides, as temperatures are due to soar, making the uk hotter than parts of california , the this is gb news. Ill be back with more in about an hours back with more in about an hours time. But now its over to. To. Leo welcome to mark dolan tonight with me, leo kyrees in my big opinion, grouse shooting and why its a good thing. And the big story. 509 migrants crossed the story. 509 migrants crossed th
Attack. 93 people have now been attack. 93 people have now been confirmed dead from wildfires on the Hawaiian Island of maui. The Hawaiian Island of maui. That number, though, is expected to rise significantly in the coming days as authorities continue the painstaking task of identifying the bodies. Teams identifying the bodies. Teams with sniffer dogs have been searching remains of the Historic Town of lahaina. But as searching remains of the of last night, just 3 of the affected area has had been covered. Support centres have been set up to provide respite and help families reunite. And help families reunite. A lot of families that were stuck and had to swim like i couldnt imagine my son swimming and my grandma swimming in couldnt imagine my son swimming and my grandma couldnt imagine my son swimming and mi grandma couldnt imagine my son swimming and mi think ma couldnt imagine my son swimming and mi think iiii couldnt imagine my son swimming and mi think in my in my life, water. I t
But could be harming the kids health. Good evening and welcome to bbc news. Zimbabwe plasma military leaders are doing their utmost to make to persuade the world that their ta keover persuade the world that their takeover from Robert Mugabe persuade the world that their takeoverfrom Robert Mugabe is not a clue. Robert mugabe, the man who has ruled zimbabwe since its independence in 1980, is under house arrest tonight. It follows an intervention by the countrys army. There are military vehicles on the streets of the capital and the state broadcaster has been taken over. The army says this is not a coup but an attempt to deal with what were described as criminals around the ageing president. Thats widely seen as a reference to mr mugabes much younger and controversial wife shes made no secret of wanting to take power. Heres our zimbabwe correspndent, Shingai Nyoka. This is what zimbabweans woke up to this morning, tanks on the streets of their capital city. Something that has never happe