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The s p advanced 0. 64 and the nasdaq jumped 1 the world where the democrats and republicans cant make a deal on the next round of stimulus, so states have no choice but to open up. Open up everything, using masks and social distancing, as their only backstops because otherwise everyone goes broke. You just cant stay shut down without the federal lifeline come on, right the states dont have the money for it but the log jam in washington is starting to get personal you could see that when i interviewed House Speaker nancy pelosi this morning. I may be naively asked if we could at least get a deal with the gop to help out minority owned businesses in honor of the late, great john lewis heres what Speaker Pelosi shot back can we give a huge chunk of money to minorities who want to stay in business and cant, and to people who are trying to go to college or have student loans, who ....
Cuts so futures are pointing to further declines despite the jobs growth today, smashing expectations for february. The economy added 273,000 jobs during the month, versus the expected 175 Unemployment Rate 3. 5. Wall street looking to close out a turbulent week, the tenyear did tumble below 70 basis points for the first time ever, as investors look for safety amid fears. Revisions on the jobs number not bad but people are calling it the least important jobs number in a long time i dont want to go there. Im going to say the opposite. When you come in with a head of steam, at least you got some possibilities that were not going to go immediately into the recession because there were you dont hire and then lay them off the next day the 53,000 jobs in Food Services and drinking places, thats an extraordinary number are we going to fire all those people interesting. Not right a ....
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the ....
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 sc ....
Welcome, good to have you with us on this new years eve tuesday. Our Investment Committee here today, joe, josh, jim and amy is back the chief Investment Officer of Chevy Chase Trust and one of barrons top 50 registered Investment Advisers for 2019 we begin with the markets. Stocks are trying to end a great year with another day in the green. Bouncing from the worst day in four weeks we do have big news today from one of our very own, hes making a move on a stock that hes been a big believer in for a big part of this decade. Josh brown, selling twitter. Im out feels good. First time out since the ipo in 2013. Tell us the reasoning. First of all, happy new year and thank you for ending your no, im telling the viewers, happy new year by the way, this ....