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Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit be ....
Hong kong security law tomorrow. Starbucks, pepsico are the latest companies to curtail ad spending on facebook. Tossure on the group crack down on hate speech shows no signs of slowing. Manus 6 00 a. M. In london. 7 00 a. M. In paris, 9 00 a. M. In dubai. It is the best year for bonds ands 1995. Charts,ne in the unchained melody. I wont sing it for you. The fed was cutting rates and get this. I know you will choke on this. 6. 47 for 30 year bonds. I could have retired. 5. 79 . Ht money was good morning. Nejra good morning, manus. I love your trips down memory lane. It is extraordinary we have seen the best first half of the year since 1995. Look, there might be more in the lower orpush yields higher this week because we got fed chairman Jerome Powell speaking to congress along with secretary of the treasury steve mnuchin. Interesting is the disconnect because youve got bonds. To that extent, but also equities bid to such an extent ....
That is higher today theres been that move into value of late. Money is coming back in as stocks are on pace for their second positive month in a row the dow is on track for its best week since early april josh brown, you can take stock in this for me weve been talking about a rotation we have talked about growth into value. On a day where you have red in a lot of place, ive got apple, amazon, microsoft, facebook and netflix and i got all of them higher today can we end the talk about a rotation out of those names . Well, i dont know if its the end but this is what has continued to happen. If you look, 29 s p 500 stocks that are up 20 on the year or more, 25 of those are up today its back to the winners 30. 25 on the s p, broadly speaking looks like a logical place to see a pause that was if you remember, resistance back in both july and september. We got through it that made sense for that old resistance to now become support. The technicians i talk to when theyre looking at internals ....
New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation ....
We do want to check where stocks are and what has been a volatile few hours of trading the dow holding on the a 1. 5 gain thats better than 300 points. That stunning claims number today. Everybody digesting that the stunning move higher in oil as well. The president saying there could be a cut of 10 Million Barrels lets welcome in jim she joins us on the phone. Welcome back i hope you and yours are safe and healthy. We are, scott i hope the same for everybody there and everybodys families we appreciate that. Can you sort of help us. I want to make sure our viewers understand exactly the angle that were coming from today what is your current positioning in the market . Are you net short as we speak . We have our own hedge fund which basically is always net long varying degrees. That is about 50 give or take a little bit net long. Thats on the low end of where its been. Thats probably where well be for a while. On the short onlies, ....