Get into that phil flynn, the senior analyst, Fox News Contributor as you know, adam joined us from agoura financial, jackie deangelis, we will be going through these numbers and sectors as you keep looking at this but alan, looking at it and i want to tip my hat to you because in the middle of this down graph when people were looking for barrels to go over with you said wait a minute, this is not as bad as it looks and sure enough you were proven right, going back to last march and where we are now, what can you do for an encore . Obviously we saw the market snapback as we seen every time in history, we are in a bull market, everything the market has thrown at it its been able to bounce back and bounce back the difference of a selloff, that is a lot higher move, you talk about the 10000point drop in the dow, that pretends 40000, that may seemed like a Staggering Number but its 30 above where we are now and lets remember the dow is 65 off the lows, there is upside left and until the dy
It is up 25 , but still well below 15 a barrel on a supply glut in the u. S. And around the world. And as Congress Passes that 480 billion relief package to keep the Paycheck Protection Program running, td bank has promised some 26,000 Small Business loans. The ceo is going to join us in a few moments and tell us how he did it kelly, over to you all right, tyler, thanks. Todays rebound is led by tech stocks again they were under pressure yesterday. Lets get to bob pisani for more on the rally bob . And like i said, the last hour, threetoone advancingtodeclining stocks, thats a nice move up. But this is really in a sense tech and even mega cap rally the five biggest stocks on the s p 500, huge gains here facebook is up 7 . Google is up 4 . Microsoft, apple, amazon look at these moves up the other bigger five, berkshire, walmart, only one, Procter Gamble were down when you get nine of the top ten moving up, the s p is going to move, even if the other ones dont do much at all this is a me
1. 1 decline. An improvement in factory orders. Uring the month if you exclude transportation, an increase of half a percent into an improvement. Either accounts and improvement here. Erik thank you very much. The latest on the economy, or at least Economic Data from julie hyman. A look at what is taking news this morning. Scheier making an unsolicited bid for this monopoly in hopes of a company focusing on diseases. 30 billion in stocks. 30 ier says it represents premium and values. There is no deal imminent right now. Scheier says they have declined discussions over the proposal. Spun off by Baxter International just last month olivia . Team Health Holdings expanding its reach in the medical field. 1. 6all caps deal is worth billion dollars. The deal represents a premium of 37 over ipc Closing Price yesterday. Team health says it expands its ability facility and doctors. Be results. One dollar 22 cents per share, 32 cents better than estimate. Sales in line with x dictations driving
This will be problematic for the fed. If we get stronger wage growth that trumps everything. We have not seen a pickup in wages yet. Consumer confidence rose last week to the highest level since 2007. Bank of america cut the bonus pool for equities traders and sales staff by as much as 10 . The bonus cuts come as be of as trading divisions revenue fell 1. 8 last year. Revenue failing to keep pace with expenses. Forget deflategate. Arizona Health Officials are monitoring hundreds of people for the measles as an outbreak started at disneyland and is spreading. Tens of thousands of fans trekking to phoenix epidemiologists are looking for people in hospitals, groceries and postal stores where infected people visited. Arizona reported eight cases so far, including two in the county where the super bowl will be played. The fcc auction of us airways has ended with a record of bids totaling more than 45 billion. That is bigger than the combined take of every auction of airwaves before it. The
Of annual visit on the state induction. Energy is front and center. Were in davos. And daniel juergen, together. And Michael Mckee, talk about ripping up the script. Argentina and the emerging markets are front and center for everyone in doubles. In terms of emerging markets, a lot going on. We will talk about that in a moment for it lets start with energy. It is 11 degrees in new york. Natural gas prices are heading for a fourth day high. The biggest weekly gain since 2012. Meteorologists predict temperatures will remain below normal through the end of the month. It will be cold when you get back. Not much else going on. We do have some earnings before the bell that will matter. Procter and gamble, xerox, and honeywell. Also, a look echo what might have been. We have to get straight to the data check grid the red is stunning. It is not just emerging currencies, but global stocks. A lot of concern about what is going on in china. S p 500 futures are down by almost 7 10 of one percent.