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The nasdaq has surged to. We are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. But its not just the high flyers within the nasdaq that are boosting the techheavy index. Our floor show traders are about to name their top nonfang nasdaq picks for you. The Trump Administrations china hawk walked back his declaration to fox news last night that the china trade deal was quote, over. Even after Peter Navarro did, the d. C. Word shuffle, could a new game of trade chicken be developing with the worlds second largest economy . Key Trump Administration adviser tom kehoe is about to flag us on what he sees as a slightly fishy situation overseas. And darling, dont give me park avenue. New york citys Real Estate Mar ....
This on top of slight gains yesterday at 4 00 oclock. Markets were up. As you see dow industrials up 33 points and nasdaq up 139. Getting america working once again. President trump announcing plans to reopen the economy in phases. The president went through it yesterday. The Small Business aid program has run dry on capitol hill. The battle is waging on how much money, how much to add to funds to help business and American Workers now. Coronavirus is taking a toll on the chinese economy. It has contracted 6. 8 in the First Quarter. First ever quarterly contraction and wuhans death toll revised up 50 adding fuel to questions of beijings actual reporting on the virus. Secretary of state mike pompeo live at 8 30 a. M. Eastern on the possible origins of the virus as more people focus on the lab in wuhan, something that ive ....
The aftermarket session. We do stand at 14. 12 a barrel. That, though, does certainly not erase the rout oil has seen since the coronavirus stopped Global Commerce in its tracks. But Charles Payne would tell you, where theres a losing investment there is always a winning investment. The supertankers that carry the black gold are seeing smooth sailing as Oil Producers look to the high seas to store the massive crude glut. The ceo of publicly traded International Seaways has 13 huge supertankers. Wait until you hear how much that company is now charging to store oil on the open ocean. Its a fox business exclusive. An interesting investment, you have to hear about. Interesting and timely. Restaurants are also searching for new ways to move the food, as their dini ....
Lauren hey, guys a twoday sell i dont have was reversed. Major averages closing near the highs of the session. Nasdaq leading the major averages gaining almost 3 today. The nasdaq was led by big cap tech which was down for this week. Three reasons for rally. First more rescue funding from the government is likely on the way after the Senate Approved yet another relief package. Second oil prices recovering. Take a look where crude closed the session today, above 13 a barrel. That is much better than it had been. A gain of almost 18 . With that reis big gains for halliburton, chevron, exxon and the Energy Sector in general leading the overall market higher today. And third, investors look to Earnings Report that continue to pour in from guidance on the coronavirus effects on the economy. Here is the trends were seeing and ....
Halftime report starts right now. Welcome. Its good to have you with us on our wednesday. Jim lebenthal, Pete Najarian and from naples, florida, lizann sonders. Highs of the day, approaching big numbers, dow 30,000, nasdaq 10k, not that far away and cooperman weighing in on the state of stocks, telling us its not time to worry, yet. I would say were in the early stages of knocking on the door of euphoria but not quite euphoria certain parts of the market, like tesla, are in euphoria. Other parts, like energy, are in pessimism. These big numbers not all that far away, pete. All good, the market depends on what were focusing on. Are we focused on the coronavirus . If so, we go down. Generally were focused on earnings and we go higher. Thats where the market has been trading. Yesterday was interesting because apples with a little bit of both, right you look at apple. It was getting pushed down because of their guidance about what they ....