On further coronavirus stimulus until after the election the dow, which had been up, turned around and actually closed down by about 375 points. It was down by 1. 3 , s p down by 1. 4 and the nasdaq off by 1. 5 . However, this morning the stock futures are sharply higher this started last night around 10 00 p. M. When President Trump posted a flurry of tweets, one of them calling for airline and Small Business payroll support immediately. And another calling for a standalone bill on stimulus checks he was saying that he would sign these bills immediately. And as a result, take a look at the futures, dow futures indicated up with fair value by close to 200 points. Ylan mui has been following all of this and has more good morning. And just hours after the president walked away from the bargaining table, he appeared to take three steps back calling on democrats to pass targeted relief first it was that 25 billion for the and i remember industries Payroll Support Program and 135 billion fo
And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Him. Host hello welcome to the session of the National Book festival project via the library of Congress Name Steve Burstein a long time columnist at the Washington Post at George Mason University and the operator of american capitalism my guest today is rick seen from the branch of the steam clan stronger reporting spending time and i man of the left is and reflects tackling the rise of them in another way Barry Goldwater and his latest book americans way turn. Along with a long time the writer former dean of Columbia Journalism School and has written books about the sat and black transaction man. And over the last 45 minutes because of the virus. And transaction man and tell us what it is about. Okay. [laughter] i guess if there is is extensively you really but the premise of the book there is a number of ways to organize a capitalist system that has been organized in a succession and im trying to propose a history of the different ideas of american capitalism and with those institut
Housepassed government funding bill. Now, live Senate Coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Almighty god, help us. Turn us back to the paths of integrity and faith. Be for our lawmakers a protecting rock of safety, rescuing them from the powers of evil. Help them to fix their hearts on you, trusting your guidance and wisdom. May love for you be reflected in the ordering of their priorities, as they seek to give you first place in every important decision. Lord, make them servants of your purpose, as they seek to increase the treasures of your kingdom. Satisfy the deepest longings of their hearts. And, lord, in these toxic times, bless america. We pray in your loving name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, o
Early investor will join us to talk air bnb power lunch starts right now the markets are at all time highs. Usually means great things on wall street but means much worse on main street these days. Well get to Steve Liesman for more on that lets start with bob on the market the low print was at the open were 25 points above that its the same pattern that we have seen for a while now. That is Technology Leading and consumer discretionary, amazon mostly, pushing the market to be upside industrials, energy and banks and energy has been on a downtrend for the last six or seven trading sessions and so have bank stocks they had a brief rally about two weeks ago. They have been down on trend for the last six or seven trading days i mentioned the ten new highs but were at new highs its because the megacaps continue to move the market forward. You get the big five moving up that pushes the market up even if the rest of the market is down semikwuk semiconduct iors are down trending we have nvidi