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Suffering a record drop. Earning season is in full swing. Pharmaceutical giant merck topping estimates but cutting its guidance as the coronavirus pushes the rest of its portfolio to the sideline. The ceo ken frazier will join us for an exclusive interview in just a few moments kelly. Looking forward to that. Health care and tech are two of the stock sectors leading stocks lower today. Lets get to bob with a lot more for us just the fact were up three points on the s p is remarkable. This is the second day in a row this has happened. I cant remember when but were down 1 or 2 on all the big names. Microsoft and apple, google and amazon look at all those stocks down. The s p is still up 3 the reason were up is because banks and industrials have helped out today look at these industrials. 3m is seeing growth in some of the safety the blue angels just flew over theres a big roar outside pepsi, xerox, u. P. S. , Harley Davidson withdr ....
Is a good starting place. We are back to where we were on march 31, before we started this dramatic increase in the number of cases. Theye still watching questions, how fast is that number continue to go down . First, does that number continue to go down . That would be a nightmare if it picks up. How fast does it come down and how low does it go . Before we started this, you had a couple hundred cases. When did we get back to a couple hundred new cases going in . The overall hospitalization rate is down, number of innovations is down of intubations is down. Even the number of new covid cases is down. Still not good, still 1000 new cases yesterday, to put it in focus. That would normally be terrible news, it is not terrible compared to where we were. This is just terrible news. 367 deaths. Horrific and there is no relative context to death. Death is death. Families. Passed, 367 what i have been working from day one is to make sure people understand the facts of what we are dealing with ....
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The ....