Nightly Business Report

Reopenings and macro data were the key drivers of the market action in the last quarter, will the next six months be driven by vaccine news like today? We debate.Plus, full speed ahead for Tesla as the company becomes the world’s largest automaker by market cap. Can it keep the momentum going? We explore.And, we’ll speak with one of New York City’s largest property owners about whether rent payments are picking up as the city reopens.

More than 40% of companies have pulled guidance this quarter, so how do investors invest in a world without clarity? ‘Plus, more companies – big and small – will stop advertising on Facebook. Will it matter in the long run or will they get through this unharmed? We debate.And, re-opening and re-closing. The story of one small business in Arizona who opened their shop and closed just 3 days later.

With another volatile day on Wall Street, we take a closer look at the biggest catalyst for the markets. Is it the virus or the Fed? We explore.Plus, Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles. We’ll tell you what they are and what it means for the overall housing market.And…the list of companies boycotting ads on Facebook keeps growing. We’ll look at whether it could lead to changes and what it means for Facebook’s bottom line.

A volatile day on Wall Street as the reopening of states across the country is put on pause, a top strategist gives his under the radar small cap stocks to buy now.And with jobless claims climbing, but factory data strong, Morgan Stanley’s Chief US Economist digs through the mixed reports and lays out four possible outcomes for this post -Covid economy.Plus, the President of Bowdoin College lays out the plans for reopening campus in the fall--which students will be back in the dorms, who will be learning from home and how much it will cost.

Stock getting slammed as Covid cases spike across the country. We’ll look at the hotspots and what it could mean for states reopening, and for the markets.Plus, from restaurants, to casinos, to banks, we drill down on the individual sectors and the big movers.And, as cases spike, we look at the stay-at-home trade and the names that could benefit.

Stocks rallying again today with the Nasdaq touching a new record high—we dig in for buying opportunities as some worry the market is too overheated.And, the $600 wedge: why some people may rejoin the workforce despite making more on current unemployment benefits and what needs to be done to keep the economy running.Plus, the soaring under-the-radar stay-at-home trade, MLB’s reopening plan, and how to get into college in a post-Covid world. That’s all in today’s Rapid Fire.

Apple is once again nearing record highs, and it exerts a ton of force on the markets. We take a closer look at whether this market is too top-heavy.Plus, billionaire investor, Mike Novogratz, says the shuffle at the SEC is going to be positive for one area of the market. He tells us which one.And, why the recent pandemic has many businesses and consumers hoarding coins.

News that Apple is reclosing some of its stores amid a surge in coronavirus cases caused stocks to pare early gains and head into the red, we discuss whether this is the news bearish investors were awaiting.And it’s not just store closing Apple is dealing with, we take a look at what an ongoing fight with a prominent developer—and increasing attention from regulators both here and overseas—could mean for the company.Plus, Morgan Stanley’s Chief US Equity Strategist on why he’s upping his price target on the S&P 500 despite the uptick in COVID cases and why investors should “follow the yellow brick road.” 

Investors are trying to read the tea leaves of the latest jobless claims numbers for a look at where the economy may be here. We look at the trends, the fallout and what it means for the markets. Plus, Nikola has doubled in a month and it’s diving head first into the EV market, taking on Tesla. The first analyst to initiate coverage on the stock tells us why it’s a buy here. 

A life-saving treatment for coronavirus and record retail sales in May pushed stocks higher despite Fed Chair Jay Powell’s warning about the economic downturn and more shutdown measures back in place in Beijing. A panel of experts discuss what’s next for the economy, the markets and your money.And Citi is now the biggest Apple bull on the street with a $400 price target. The analyst behind that call looks at the headwinds—and tailwinds—for the company.Plus, the healthcare strategist who says there will be a coronavirus vaccine ahead of the US Presidential election joins us with who’s leading the charge. 

With the Bulls and Bears battling it out on Wall Street, we look at who’s bound to have the upper hand, and what that means for your money.Plus, almost half of all U.S. states are reporting a rise in Covid cases but is the case count really what investors should be watching? We’ll explore.And…there’s something happening in the market that we haven’t seen since the late 1990s and one of our guests calls it “the perfect storm.” He tells us what it is and why it could spell trouble for Wall Street.

Corporate America has been on a borrowing binge this year, could we be setting ourselves up for a very slow economic recovery because of this? We’ll explore.Plus, Darden’s former CEO joins us with his take on the future of the restaurant industry and who is best positioned to adjust to changes in a post Covid world.And, oil is on pace for its first negative week in seven and one market watcher says now is the perfect time to buy. He tells us why. 

With the Dow falling more than 5% in its worst drop since mid-March, one trader tells us which names he’s cherry picking amid the sell-off.And the CEO of Corning joins to discuss how his company is joining the fight to find a coronavirus vaccine as biotech companies make big advances in potential treatments.Plus, we take a look at the effect the surge in day trading has had on the market and whether it spells more froth ahead.

The Dow falling for a second straight day, while the Nasdaq touches a record intraday high ahead of the Fed’s interest rate decision. We examine the moves still available to help keep the economy humming.And the White House saying there is a very good chance there will be a fourth phase of stimulus, NEC Director Larry Kudlow joins to discuss.Plus, why Starbucks is taking a page from rival Luckin Coffee’s playbook. 

The Dow is taking a breather, the NASDAQ crossing 10,000 for the first time ever, and the S&P is up over 25 percent since mid-March. We look at whether this market could be topping out.Plus, legendary investor Ron Baron says Tesla will be up ten fold from where it is today, even as the stock hits all-time highs. Will he be proven right? We debate.And…why work from home could backfire for companies.

With stocks continuing to rally--despite the National Bureau of Economic Research declaring the US is in a recession--a top asset manager discusses the sectors that are poised for gains.And, the CEO of Empire State Realty Trust, which ones the famed Empire State Building, discusses the reopening of NYC and what the city looks like post-COVID 19.Plus, Google pays billions of dollars to be the default search engine on Apple’s operating system, but what happens if Google stops paying up? One analyst says it’s time for an Apple search engine and suggests one to buy. 

Today’s jobs report defying all expectations, showing job growth and fewer unemployed Americans. So did the stock market have it right all along? We’ll explore.Plus, Boeing shares up 124% and Apple up 50% since the March lows, we’ll take a closer look at what’s driving the gains of these two Dow Powerhouses.And, the surge in bond yields isn’t great news for homebuyers shopping this weekend. We’ll tell you what it means for the overall health of housing.

Markets on track for their third straight week of gains, but can you trust the rally? One strategist says he’s not overreaching right now.And, the CEO of the largest minority- and woman-owned investment bank joins us to talk everything from how to make businesses more inclusive to the muni bond market.Plus, with retailers not paying rent, we take a look at the legal battle commercial landlords will be facing and and how the mess could leave local governments holding the bag.  

Stocks staging yet another rally today, one strategist tells us why small caps are the next big thing.And Franklin Raines, former Fannie Mae CEO and the first African American CEO of a Fortune 500 company, weighs in on what corporate America needs to do to help heal the country during this time of social unrest.Plus, the CEO of Silicon Valley Bank discusses whether IPOs are set to stage a comeback and what the tech landscape will look like post-pandemic. 

With stocks shrugging off ongoing civil unrest in America on top of coronavirus concerns, we take a look at why the markets don’t seem to care and what you should do with your money. And a former retail CEO weighs in on why he’s staying positive on the sector, while also anticipating big corporate changes thanks to the COVID-19 pandemic.Plus, Facebook employees organize a virtual walkout after it refuses to moderate a post by President Trump. The Verge’s Casey Newton and former Facebook Chief Security Officer Alex Stamos discuss what that means for Facebook, and why social media can’t ‘de-platform’ the President.