Will wake you up, call it ludicrous speed. Stay here, airbnb making its pitch to go public even as the travel sector continues to suffer amid the pandemic and buffetts big buys, the sto stocks he says are ready to rally. It is tuesday, november 17th, and this is Worldwide Exchange. Good morning, good afternoon or good evening from wherever in the world you might be watching. Im Brian Sullivan thanks for joining us. Here is your markets and money on a tesla tuesday as well call it futures are mixed to flat. Dow lower, nasdaq futures are higher neither are moving very much but another big monday for your money, more new records and a new vaccine candidate of course. The dow coming off its first record close since prepandemic levels in early february the index now just 50 points away from 30,000 something certainly a number to watch. Small caps continue though to be the star the s p small cap 600 up another 3 yesterday if you are not paying attention to small caps, you should. Lets also t
The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Restrictions on the u. K. Looks to repair some of the economic damage in todays Spending Review. Words ofs back, the president elect joe biden as he introduces his Foreign Policy team. Janet yellen faces a tricky start, as Steven Mnuchin puts funding beyond her reach. Good morning. 6 00 a. M. In london, 10 00 a. M. Across the emirates. A jampacked show for you, including emirates president tim clark. He spoke to manus cranny about a host of issues in the travel sector. Also, likely an appearance from manus himself. What a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. Dow jones topping 30,000 for the first time. S p 500 index, we do have closing at an alltime high. We are losing a bit of momentum. Flat across the asian market and flat across u. S. Equity futures. We are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. Jp morgan this morning also saying 10 year
About the election . No clean democrat sweep for example or a trump . Is it telling us a stimulus package is coming, not to worry about lockdowns . We will get into all of that. You are looking at a big preelection rally. So, whos going to win . I dont know. On one side of the polls shows biting with a lead nationally, but in battleground states mr. Trump has caught up and look at this impromptu trompe rallies has popped up overall all of the country over the weekend. This was in florida with convoys of Trump Supporters shopping traffic in several states and at trompe rallies, long lines of people trying to get it in. I didnt see any biden rallies or biden bumper stickers. Theres clearly an enthusiasm. Today a mad to the finish line with people lining up that mr. Trumps rallies. I switched on my tv at midnight last night and saw the president just starting his final rally joe biden will attend to events in pennsylvania and one in ohio today. The biden camp is worried about the low turn
A fact that seemed to benefit the heirs in a remarkable way remember that billionaires after the 2008 crisis are quite drupal and are more their wealth while a move fast way the American Population went bankrupt and lost their house so im pretty sure going to see a repeat of that by. Joining me every thursday on the Alex Sullivan show and ill be speaking to get off of the world of politics sports business im show business ill see you then. This is a boom bust of the one business show you cant afford to miss friendship or in washington coming up the markets are roaring following a breaking development in the race for a coven 1000 vaccine straight ahead well bring you up to speed on the latest from pfizer and where we stand in the face of the Global Pandemic that the e. U. Is moving forward with 4000000000. 00 in tariffs on u. S. Products due to illegal subsidies provided to boeing later well go over the details and how a change in the white house may affect the trade relationship betwee