i think that the earnings we start to get next week, we have goldman, wells, i think actually - i mentioned the financials. but i'm wondering why the whole story is a macro story, that all the individual names, you look at what they're saying to get a picture of the overall situation and the less important of the specific companies. so this great earnings season that we're coming into, we're going to look at all of these things closely. > is that the theme for why the dollar is stronger? > yeah. Know, the united states is the best place to be at this time. reading through everything on friday and saturday, it was the first thing that came to mind. i normally think risk on/risk off is an over simplification. so does the dollar benefit, then? > i think the dollar looks pretty good and, you know, it's interesting, specifically the aussie, they had a gate retail sales number last week and even the saucy comes in after. > and then the commodity currencies get hit. you would see it maybe a little bit more in the long end. should we get used to oil and commodities trading in tandem with equities? that's what we're seeing and you're characterizing that as any risk-based trade, when it goes down, they all go and the only thing that goes up, what, bonds? > bonds would probably rally. so i think if there's any selling to be done, you may see some of that come through today. If you look at volume, which is a light stage day. some of the larger industrial companies have long been restructuring. if you're looking at higher quality names, what are some of those names that you think are better quality stocks that would do better in this environment? > i don't usually discuss visit companies, but i think that the kind of criteria for companies say in the early 90s that are important where strong balance sheets, the ability to pay divide dividends, the ability to be leadership and when you look at those kinds of things, the areas that have restructured include information technology, i think they include some of the stronger energy companies, even though energy is not doing well right here. probably we're going to see moderate pullbacks here. and so it's a restructuring kind of economy, different kinds of stocks, higher quality stocks will be doing better. > you think that's not the case? > i don't think it's the case that we're back to where we were in 2006, 2007, within a few months. "I'm begging you to do the news, Joseph!" case. Watch their heated exchange on “Squawk Box” below: Sorkin pointed out that his argument revolved around human lives, not stocks, then seemingly gave up and repeatedly told Kernan to just “do the news.” “I’m trying to help investors keep their cool, keep their heads, and as it turned out, that’s what they should have done,” he said. Kernen, a 25-year veteran of the show who secured a sit-down interview with President Trump in January, responded that Sorkin’s characterization of how he covered the coronavirus crisis was “totally unfair.” Every single morning on this show, you used and abused your position, Joe.” “100,00 people died, Joe, and all you did was try to help your friend, the president.
“What good is that?” Kernan replied, “Why not help people keep their head?” “You didn’t panic about anything,” an exasperated Sorkin said, accusing his colleague of downplaying the pandemic threat. You panicked about ever going out again,” Kernen rattled off, only to be interrupted by Sorkin, who is also a columnist for the New York Times. CNBC’s “Squawk Box” hosts Andrew Ross Sorkin and Joe Kernen went at one another Wednesday morning as the American coronavirus death toll surpassed 100,000.
0 kommentar(er)
