Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Tatatatataoooot a a a futures diintica dngliecec at startffff trtradown 50 po 50 ts 50 nnhehe sdaq a s p downow 28 on8 tus aftertreron rally kikied o o the t t yes yrd y llimee high. Aq t t yetet who tip intoed the Paycheck Protection Programs, Company Including law offices, girl scouts and pf changs and even kanye west. Crime rising in major u. S. Cities, state of georgia declaring National Emergency following week of violence in atlanta. Mornings with maria is live right now. Maria Global Markets are red across the board. The cac quarante in paris down 57 and dax lower by 176 this morning even though there are signs of recovery to tell you about in germany. Industrial output rebounded in the month of may rising 7. 8 . In asia overnight, markets mostly lower with the exception of china. Stocks rose again in china following big rally on monday after state media said that china needs a healthy bull market and ready to add support to attract investors. As soon as ccp tells millions are o
Something we have been spotlights for weeks now. Market this is morning look like this, future indicating a move at the start of of trading this morning, nasdaq and s p 500 closed losses, 4 00 oclock on wall street. Controversy over the Michael Flynn deepening, name of obama officials who requested unmasking of former National Security adviser declassified. Meanwhile President Trump crimes committed by then president obama are obvious. Plus elon musk driving down his own road defying stay at home orders and if anybody is arrested should be him. Thursday, my sitdown with President Trump, join us with the very latest on getting america back to work, additional stimulus, 2020 race and general flynn, obamagate, dont miss thursday morning 6 00 to 9 00 a. M. Eastern. Mornings with maria is life. Global markets this morning look like this. In europe mixed story, cac quarant down 14 and dax index in germany sup a fraction, spain is ordering a twoweek quarantine for Incoming International trave
Markets pointing to lower opening. Major averages. Take a look. The nasdaq lower by 65, the s p lower lower by 34 after the markets rallied last week, the dow, nasdaq and s p 500 second straight week of gains with market up on the session as you can see about 2 higher on the dow industrials for week. Oil prices having a rough morning, take a look at this. Taking a steep dive as the coronavirus slams demand. Crude oil now at 13. 54 a barrel. Holding china responsible, questions are swirling this morning about the origins of the virus. Chinas lack of transparency. Congressman andy barr to investigate chinas handling of the pandemic. Mornings with maria begins now. Noble markets look like this. Germany taking a step with reopening the economy. Some stores. The white house is allowing some companies to delay payments of import tariffs if they can demonstrate significant financial hardship, tariffs on chinese goods are not included in the interruption of the white house tariff program. In a
Julia . Thats right. Disney cfo christine mckarther announced disney will be sustaining the dividend which will preserve 1. 6 billion in cash and this comes as the Company Announces that covid19 cost disney 1. 4 billion to its bottom line in the quarter and that includes a hit to advertising, movie delays and think, most of all, the closure of disneys parks. The disney parks alone had an operating income loss of 1 billion in the quarter due to covid driving a 58 drop in operating income now heres what the new ceo says about the plan that he Just Announced to reopen disney shanghai on may 11th take a listen. The approach we take may include implementation of density control measures as well as health and prevention procedures that comply with state and federal guidelines we are seeing encouraging signs of a gradual return for some semblance of normalcy in china the company talking about how before it began to close its domestic parks in midmarch they had been seeing an increase in both