Ideally, we keep everything closed until the federal government massively ramps up its testing and Contact Tracing capacity that would be my preferred outcome. But what if were waiting for nothing . Ive got to tell you without more aggressive action from the federal government, we may have no choice but to reopen as the economy spirals into a depression what does reopening the economy even mean, though . The market is one reason the dow slipped 457 points today nasdaq was down 2. 6 theyre waiting for any direction from the government, the federal government aside from a handful of people who have the situation figured out. I have been pounding the table its mad money, not mad depression ive been pounding the table on amazon for months because it has convenience, scale and low price to take over the market. I think walmart stock, too cheap. Given that its got a big Digital Business with 4,769 warehouses along with the brick and Mortar Stores that serve as warehouses, of course. Fabulous
Bit, there you go, we turned around, we are up about a point. Remember, please, big rally yesterday, big rally friday. The dows going to open virtually flat. It is almost completely recovered from last weeks losses. Its only tuesday. The s p will be down maybe a point. The nasdaq down maybe a point. I will call it flat at the opening bell. In politics, its all about the boycott, divest and Sanction Movement known as bds and designed to destroy israel. The visit by Rashida Tlaib and ilhan omar, both muslim women in congress, is off. The ball is now in the democrats court. Will the party try to sanction israeli diplomats in america . Or scale back the tenyear, 38 billion aid package for israel which was signed by president obama . Its a dilemma for democrats. The party now has an active antiisrael wing that is clashing with democrats who support the jewish state. Great to be back, by the way. Varney company is about to begin. Stuart again, let me show you the futures. This is how we are
State sponsor of terrorism. That at T Press Conference is still happening. We are listening for breaking news out of that. In the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. If you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u. S. , 3 plus gdp growth in the United States, which is a reason why, even though there are some bulls out there getting worried about the stretched valuations, when they look at the indicators, they are saying, it still seems like it is a go for the markets. You might call them reluctant bowls. Yvonne yeah, global synchronized growth is what we continue to hear from a lot of our guests. You can certainly see that in europe, as well. Despite the Political Uncertainty surrounding germany and chancellor merkel, the dax is shrugging off that risk. Are still looking for some type of catalyst of w
Lets get Team Coverage. We want to tell you more about that breaking news story on i50 in annapolis maryland. Theres an overturned tractortrailer on u. S. Route 50 that could put a halt to your morning commute. Annie yu is live on the scene with the latest. Hey, annie. Reporter good morning, holly and maureen. Thats right, Maryland State Police tell us just after 2 oclock this morning, a tractortrailer somehow overturned and so its causing quite a disruption along route 50 here this morning. Since that time, there has been a heavy presence of Police Activity straight ahead. Accident is on the westbound side of 50. This is just after Saint Margarets road. All lanes on the westbound side are closed and so for those of you traveling from the Eastern Shore headed back to d. C. Youll be forced to get off at exit 29 which is Cape Saint Claire road. Eastbound cars are approaching. You are getting by with one lane on the right side because of all the large debris thats scattered from the westb
Tech help to drive some of the , a lot of investors will be watching inflation. It is a chart that were quite there with. The pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2 . And it is a position also held by the minneapolis fed president s neel kashkari. There is a collision course between what was he on the fiscal side of things as well. Address the Spending Plans from the white house. And it is increasingly likely that we will speak about it. What would that overshooting inflation. Queen of the Market Reaction was pretty positive to all the headlines today. The s p up over 1 , the dow adding on another. Nasdaq also higher by over 1 . Volume a little bit lower than what was expected. Stockith some of the big stories today. We had some big stories. Ge was one of them in at the ceo came out and said that there might be liabilities for some of the subprime that the company used to be in