The S&P is now just 15 percent beneath its all-time high and 30 percent from the lows a month ago despite a pandemic that’s cost 26 million jobs. So is the stock market being too optimistic? We take a closer look at the disconnect between Wall Street and the real economy. Plus, after the disease come the debt. The U.S. is heading for a nearly 4 Trillion dollar deficit this year. How can things get back on track? We’ll explore. And, public colleges are losing millions in state funding across ...
Apr 27, 2020•49 min
Many investors are writing off this earnings season due to the coronavirus but Mohamed El-Erian of Allianz says it’s very important. Who’s right? We debate. Plus, antibody tests are considered key to reopening economies but they are raising alarms. We speak to one expert who says it’s the wild, wild west out there. And, when workers finally return to work, the offices they return to, will likely look very different. We’ll tell you what kind of changes could be coming your way.
Apr 24, 2020•47 min
Stat News reporting that the WHO posted the results of a drug trial in China that revealed Gilead’s remdesivir, an antiviral it had hoped could treat COVID-19, was ineffective. The news sent shares sinking…we talk to the reporter behind the story. And oil clawing its way back after its historic collapse earlier this week, the CEO of a tanker company joins with why that drop is a boon for his company. And new home sales falling sharply in March, Bank of America’s Michelle Meyer joins us with her ...
Apr 23, 2020•49 min
Stocks are rallying for the first time in three days thanks to a reversal higher in oil, earnings, and the Senate passing another massive relief package. But is it enough to keep these markets afloat? We debate. Plus, many companies will have to dramatically change the way they do business when economies reopen. One of our next guests advises companies on how to do just that after a crisis. She tells us what steps will be most critical to succeed in a “new normal.” And, strong digital sales help...
Apr 22, 2020•47 min
The oil selloff continues and one of our guests says the worst it yet to come with -$100 per barrel a real possibility next month. We look at what that would do to an already battered energy industry. Plus, the crude collapse weighing on stocks today but it’s not all bad news. We look at some of the opportunities in the markets. And, they are some of the most critical workers needed right now but new nursing grads are facing a roadblock getting into the field. We’ll tell you why....
Apr 21, 2020•49 min
The May oil contract collapses, sending U.S. crude prices on track for their worst day ever. We explore what it means for the broader energy market, and the millions of workers who depend on the sector for their livelihoods. Plus, many retailers were already struggling BEFORE the COVID-19 crisis. But with even more bankruptcies on the horizon, what might the retail landscape look like after the lockdowns end? We’ll ask. And, workers across the nation are protesting Coronavirus shutdowns as unemp...
Apr 20, 2020•49 min
Stocks are rallying today on hopes that Gilead’s Coronavirus treatment could be working. We have the details and whether investors can trust this rally. Plus, President Trump wants states to step up their testing but access to tests is still uneven. We have the latest from Washington and where things stand on the testing front across the country. And, more and more people are turning to technology for information on the coronavirus. We’ll have a look at the kind of healthcare questions Amazon’s ...
Apr 17, 2020•48 min
Stocks mostly slipping today as investors digest another day of awful headlines. Should we brace ourselves for another move lower? We’ll ask the experts. Plus, Billionaire Barry Diller says everyone should get a bailout but the government doesn’t agree. A look at why some of the big retailers can’t participate. And the CEO of Vista Bank says the night of April third was one of the most momentous in his bank’s 108-year history. He tells us why.
Apr 16, 2020•46 min
Stocks sell off after a swath of terrible economic news from retail sales to manufacturing. Is it time to hit the pause button on this rally? We debate. Plus, some of the biggest tech names have been big leaders this month. We’ll tell you which ones and whether the run can continue. And, how did every single resident on wealthy Fisher Island and their staff get an antibody test when many doctors and patients across the country still can’t? We have more on that controversial story....
Apr 15, 2020•47 min
Stocks are rallying but the latest Bank of America Global Fund Manager Survey is showing extreme pessimism. A look at why and whether you should be concerned. Plus, as the debate over reopening state economies continues, we look at when and how it could happen. And, with 3.5 million students preparing to graduate from universities around the country, we look at the heartbreaking challenges many of them could face.
Apr 14, 2020•47 min
Stocks sell of as investors weigh virus concerns, the OPEC+ Pact and earnings ahead. We look at the good, the bad and the ugly and what it means for your money. Plus, it’s about to get harder to get a mortgage. We tell you why and what it means for the overall housing market. And, Apple and Google team up to track the virus. We look at how it would work and why not everyone is excited about the collaboration.
Apr 13, 2020•47 min
Stocks rally as the Fed unleashes $2.3 trillion more to support the economy. There are some important new details on who’s getting help. We’ll break it down. Plus, Bill Gates says the economy won’t magically go back to “normal” when people return to work. A look at the challenges he sees ahead. And, unprecedented cuts in the oil market are necessary to bring stability to prices. Will we get them? It’s all about the math and we’ll take you through it.
Apr 09, 2020•47 min
Stocks rally as the government sounds slightly more optimistic on the spread of the virus, congress says more stimulus may be ahead, and some election uncertainty gets removed with Bernie Sanders suspending his campaign. So could the market be setting up for a bottom? We take a look. Plus, Treasury Secretary Steven Mnuchin says “the money will be there” as demand for loans explodes. The CEO of Paychex joins us with a look at the flow they’re seeing and advice for businesses who are waiting for f...
Apr 08, 2020•47 min
Stocks rally for a second day but is it just a relief rally or the start of sustained gains? We debate. Plus, the fallout from the pandemic is impacting states in different ways. Some are turning to tech for help, and some are turning to each other. We’ll tell you what they’re doing and whether it’s working. And start-ups have not been immune to layoffs as companies look to rein in spending. We look at how hard Silicon Valley has been hit.
Apr 07, 2020•47 min
Stocks rallying on hopes that the coronavirus may start to level off soon but efforts to flatten the curve are taking a toll on the economy. We look at where we are and what we can expect from here for the economy and the markets. Plus, Larry Kudlow calls the small biz loan program a “monumental undertaking”, as application volume soars. We look at what the process has been like for small businesses. And, shares of Zoom fall as the backlash against the company grows. New York City now banning th...
Apr 06, 2020•46 min
The record-setting pace of jobs growth coming to an end today with more than seven hundred thousand jobs lost in March but today’s report doesn’t really capture the crisis yet. We look at what we can expect from here. Plus, today is the first day small businesses can request cheap government loans to get through the Coronavirus crisis but not everyone is able to get up and running today. We have the latest. And, one of our guests says it could take the oil market up to two years to recover from ...
Apr 03, 2020•45 min
New unemployment claims doubled to 6.6 million from last week's record-setting 3.3 million. We’ll explain what that means for workers and our economy. And, markets erased early losses on the back of a huge surge for crude oil. What does it mean as big energy CEOs head to the White House tomorrow? We’ll ask. Plus, Moderna is leading the way in the race for a COVID-19 vaccine. We’ll talk to its Chairman about research, funding and more.
Apr 02, 2020•51 min
A new month, a new quarter but the same volatile markets. One of our guests says there are opportunities popping up however that shouldn’t be ignored. He tells us where they are. Plus, one biotech investor’s bold idea to fix the Coronavirus testing crisis. And, borrowers are flooding servicers with forbearance requests and New York is asking for a rent freeze. We look at the new housing reality.
Apr 01, 2020•48 min
The Dow is set to close out its worst first quarter ever. What can investors expect as we head into Q2 and beyond? We’ll ask. A number of firms are slashing their second quarter GDP forecasts even further. We ask J.P. Morgan’s Chief Economist why he just dropped his estimate by an extra 11%, and what it means. Plus, new data from Kinsa shows that fevers – a leading indicator of COVID-19 infections – are dropping across the country as social distancing measures take effect. And, some eye-popping ...
Mar 31, 2020•47 min
New data from the Federal Reserve suggests the coronavirus could lead to nearly 50 million job losses and an unemployment rate of 32%. We look at the potential fallout for the markets and the economy. Oil drops below $20 a barrel overnight. This as world demand is forecasted to plunge 20% from last year. Are bankruptcies inevitable at this point? We’ll ask. Plus, shares of Johnson & Johnson higher on news that the company could have a vaccine ready in record time. Abbott Labs announcing some...
Mar 30, 2020•48 min
The House passes the $2 trillion relief package. We look at what’s in it for small businesses…who’s eligible, how much they would get, and the kinds of strings attached. Plus, Vice President Pence says market fundamentals are strong but are they strong enough to get us bouncing back? We debate. And…the college admission process has been turned on its head as students are forced off campus, sports are canceled and the future of international students is in doubt. We look at the ripple effect that...
Mar 27, 2020•49 min
Jobless claims jump nearly fivefold from the record set in 1982, and Fed Chair Jay Powell says “The Fed is not out of ammunition.” We look at what that all means for the markets and the economy. Plus, a new test is making its way to the U.S. that can not only detect Covid-19 but also 20 other infections with similar symptoms. The CEO of the company that makes it joins us next. And, more and more restaurants telling their landlords they won’t be able to pay the rent come April 1st. A look at the ...
Mar 26, 2020•47 min
Stocks are taking off as a historic stimulus bill gets closer to being the law of the land. We have the latest on where things stand and what’s actually in the bill. Plus, the real estate market is showing cracks already and the new stimulus bill could turn the residential mortgage market upside down. We’ll tell you why. And, from chocolate to cheese to fries… some bullish sentiment on Wall Street on some consumer names. We’ll tell you who they are.
Mar 25, 2020•50 min
A massive rally on Wall Street on hopes for a stimulus plan but can this rally be trusted? We look at where you can find safety in the markets amid the volatility. Plus, Morgan Stanley sees a 30% drop in second quarter GDP. The Bank’s Chief U.S. economist tells us why and what else we should be bracing for. And, social distancing is taking a toll on the housing market with thousands of refis and home sales in jeopardy. To work around this, some senators have introduced a bill that would make clo...
Mar 24, 2020•46 min
Larry Kudlow says the government will do whatever it takes to keep the economy going. What he’s suggesting and why he says you should stay in the market. Plus, one oil veteran says he wouldn’t be surprised to see crude oil go negative. Is he right? We debate. And, some analysts are seeing buying opportunities in the wake of the market plunge. We’ll tell what stocks they are bullish on.
Mar 23, 2020•52 min
The economic outlook gets weaker – just how low will we go? Will part three of Washington’s coronavirus bill stand a chance? A deep dive into the downturn in small caps with the Jefferies lead portfolio manager. Senator Kelly Loeffler of Georgia defends the stock sales that’s drawing all the wrong kind of attention.
Mar 20, 2020•54 min
JPMorgan forecasting a big recession ahead. We’ll talk to the bank’s chief economist about just how bad he thinks it’s going to get. Plus, Oil rebounding today after plunging to its lowest level since 2002. We look at where the price of oil could go from here. And, American Airlines CEO Doug Parker says this is the worst crisis he’s ever seen and a federal aid package will only go so far. We have the details.
Mar 19, 2020•51 min
Legendary investor Bill Miller says there have been 4 great stock market buying opportunities in his lifetime. This is the 5th one, and he tells us what areas of the market look particularly attractive right now. Plus, Boeing is on pace for its worst month ever and asking for $60 Billion in federal aid. We have the latest and what it all means for Boeing’s future. And, Casinos lower again after the Nevada Governor ordered a 30-Day state-wide shutdown. We look at what that will do to Casino opera...
Mar 18, 2020•54 min
Another whipsaw day for Wall Street with the Dow soaring as the Fed and the White House step in to calm investors. Is it enough to keep the economy going and spark a turnaround for the markets? We discuss. Plus, “it will get worse”, that’s what one of our guests is saying about the retailers. From the stocks best and worst positioned to the retail credit crunch, we’ll have more on the fallout for the sector. And, Regeneron says it aims to have a potential Covid-19 drug ready for clinical trials ...
Mar 17, 2020•54 min
Stocks sinking again as action from central banks around the world fails to re-establish investor confidence. So did the Fed not do enough or was it not the right kind of help? We debate. Major retailers are closing stores and reducing hours, putting more pressure on an already stressed sector. We look at who’s shutting down and who could end up shutting down for good. Plus, Netflix may not be as coronavirus-proof as you may think. We’ll tell you why.
Mar 16, 2020•49 min
