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The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual ....
Than yesterday. Heres rachel ayers from the met office. Ayers from the met office. It was an unsettled start to the weekend with storm anthony crossing the uk, but it looks like a drier and brighter second half for us across the uk. Join me later for a full forecast with all the details. Well its lovely to be with you today. Im anne diamond. Im anne diamond. And im Martin Daubney and this breakfast on. Gb news. This is breakfast on. Gb news. So you have been a sunbed hugger . Well not only that, anne. I must confess, i deploy my children like fagin. I send them children like fagin. I send them down early towels on sunbeds before breakfast, and i even direct them from the balcony. No, not that yet. That great. So isend no, not that yet. That great. So i send the kids down because they wake at the crack of dawn and theyre penalty for that is go and get me a lounger. I must confess i do it, but i see. Thats not so bad in that what yo ....
Fulfilled their most cherished and kind wishes, people called them grandfather frost and baba frost. Santa claus chose to help the children, and baba frost got the adults, each of them had a magical talisman, grandfather frost had a staff, and baba frost had a pendant. When people had faith in them a lot, they glowed with a bright light, the wizards had a lot of magical powers. In order to work good miracles. In ancient times, adults were almost as trusting as children, so the wizard had a lot of power, but unfortunately, the world was changing. The adults became more and more mature, they stopped believing in miracles, and the legend of baba frost disappeared, along with her magical power, until one fine day. Our story has not begun, ivanovich, are you sleeping there or something , come on, go away, dena, now, come on, oh, good morning, vasilets, good, good, why is it so cold here . Oh, so your stove goes out. Why does it go out . Are you asking me . This is your family hearth, not mi ....
Were going to begin with this years biggest ipo, arm pricing its offer at 51. Thats the high end of the projected range and valuing the softbankowned chip designer at 54. 5 billion, fully diluted. Arm, whose customers include apple and nvidia, looking to ride this a. I. Wave, listing on the nasdaq today under arm, and david has this exclusive with renee haas and masa son. My understanding is that they could have gone 52. Thats what i have been told by any number of people, but masa said, lets do 51 with the prospect that that will position it better for some sort of positive open, and thats important here, given the importance of arm to the overall ipo market given the size of the offering, the focus on it, and the fact that we are expecting more to follow. If it doesnt perform well, that might leave not a particularly good taste in investors mouths. The hedge funds been pared back, long only. Sovereign funds and stepped up and converted from what was interest to actual buying power. W ....
Will the president respond . Varney and company is about to begin. Stuart this is a very big day on wall street, 257 points, straight up, plenty of earnings reports, more of the coming out after the bell. We will see about that later. Lets get this, 256 points hi, the dow is at 16,700. Here are the names fuelling the dow rallied. Caterpillar made a lot of money last quarter, caterpillars up 5. 3 ms sales were up almost 4 . That is not huge but its business will keep growing through the next year. Is up 8. Transportation sector of very big winner. Two Railroad Stocks hitting alltime highs, Union Pacific and csx. Check more transportation stocks, alaska air, jetblue, writer all with big gains, 19 of the 20 stocks in the index are up. Big rally. Look at the price of oil, dropped to 80 a barrel yesterday backing up to 81. 79 today. The real story for energy is the price of gasoli ....