What some of the states are doing, they can open, but its very difficult some of the rules of some of the states are hard core when you look at them, you think ppp versus, geez, those are the rules . Took some ppp before were seeing it . I think its not going to be nearly as easy as people think i do wonder if our show were located in austin if we wouldnt be saying those crazy new yorkers, but we live here. We live in new jersey. I think that its going to be a little bit more difficult for a company to stay in business unless they have great Balance Sheets, and are able to ride the waves. Look at norwegian cruise its a city on a a foreignflagged city on the ocean. I see situations like that, im like be careful. Its not all roses when youre opening. Right additional headlines this morning about pending layoffs, reportedly pending layoffs for the airlines in october. Bankruptcy news, whether its hertz or a few other companies now. The markets looking past a lot of that. I think the marke
Dominate bonds surging, yields making new record lows today as the tenyear fell below 0. 9 opec backed the biggers cut, dependent on russias approval is thats all to come. Joining us for the first full hour, stover any link. Interesting to me, though. Week to date, only three sectors are in the red week to date the s p is up a couple . Today was basically just within yesterdays range. It is the market finding out to whats notable, though is the cyclical areas of the market getting brutally hit so were essentially pricing in a steeper slowdown today its not really just oh, the big tech stocks that were up what do you do on a day like today . Stay calm. The day to day action is taggers. What the implication is, earnings to the conomy, we cant model out that none of that so im looking at copper, looking at the tenyear. Im going to feel better im kind of quality upping my portfolio. I bought united last week. We talked about 300 to 250, nike 104 down to 85 with a 5. 1 dividend yield. And i
Points. 770 is the yield on the 10year treasury right now. The yield on the 30year treasury below 1. 35 . It is now down 18 basis points at 1. 358 on the 30year. Mortgage rates are hitting record lows, how you can take advantage of this, these yields are tied to mortgages so we could see refi activity as well. Coronavirus crisis, one hundred thousand confirmed cases worldwide. That number is expected to increase. President trump says that the u. S. Economy could take a hit but says it is all going to work out and everybody should be calm. The democratic field is thinning out. Elizabeth warren the latest to drop out of the 2020 race but not making an endorsement just yet. Meanwhile this Jpmorgan Chase jamie dimon is recovering from emergency heart surgery this morning. The surgery was successful and dimon is awake and alert. Plus nashville recovery, President Trump headed to tornado ravished area today after approving disaster declaration, we will tell you there live this morning for a
Fbn a. M. Starts right now. Now i got to get up in the morning. Got to find me a lover that wont run for cover. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren what a day to check your money. We have a rally right here in the u. S. , all three major averages gaining for the fourth day in a row, closing in on record highs. The dow is up 196 points, s p up 23, nasdaq up 92. Cheryl as tensions in iran continue, were going to get more on that breaking news in a minute. We want to look at oil, oil rose almost 3 , were now at 2. 7 gain, a 55. 21 the last print on oil. Lauren lets take a look at the yield on the 10 year treasury after jay powell and the fed yesterday said theyre not going to cut at that meeting but they might in july. We have the 10 year yield at 2. 01 , down 2 basis points, about an hour ago it was under 2 . Cheryl take a look at asia, the nikkei, hang seng, kospi, all in the green. The u. S. China trade
Wednesday on wednesday, the employment report for july will come out with International Trade. On thursday, well get jobless claims. And that all leads to fridays big jobs report. See what theyre suggesting about the open at this hour. The dow flat course the board. Disney, dreamworks, time warner, fox, all on the calendar. Stiefel is raising its price target. And seeing the stock getting to 130 a share. Also has a value rating on those shares. Disney up 40 over the past year. Harder and harder to come up with something new, isnt it . And Mission Impossible big opening. 56 million. I saw it i saw it on wall street. I liked it. Tim, tim hanging on the side of the airplane which is pretty cool. I think with the people involved with insuring tom cruise, its like at times. With tim on the motorcycle which is going 130. Mission impossible did you used to watch it . The original tv show. It was pretty cool what they had had to do. Alec baldwin was a bad guy to start, ahead of the cia, and th