Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
I think you need about 25 points to get back to the previous record that was set, were about 25. 68 points below it. The s p futures indicated up by 21 s p has now been on a sevenday winning streak, and youre looking at the longest winning streak its seen since april of 2019 nasdaq was down yesterday, but it is indicated up by close to 60 points this morning the dow was up by over 350 points yesterday to kick off the week treasury market this morning, right now youre looking at the tenyear yielding right about where it has been. 0. 599 that yields a little higher than we have been sitting. Brian, this news about putin and this potential vaccine is huge, but i think we do need to take it with a grain of salt. Youve been all over this already this morning. Well, trying to make sense of it, becky. Good morning as well you have what you think are the markets sort of key points, right . Trillions of dollars in stimulus, potential for payroll tax cuts, all the market themes weve been talking
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrapped its all football season delaying all fall sports until the spring of 2021 the logistics were too complicate
Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ
Earnings season. Afraid computers might crash item your helpful i. T. Guy, mike khouw has some patches for your portfolio. Its time to risk less and make more options action starts right now. And lets get right to it despite the weak selloff in the market, one group of stocks managed to lay down some strong foundations for a rally. The itv Home Construction etf managed to rally 4 this week. And carter says there is one name in that that would make for a particularly sturdy trade. So carter, whats the name right, its Sherwin Williams. Well look at a couple of charts, but this is all weve discussed this on other shows, its the rate environment, its the one area within consumer discretion that is holding up so well and yet, not extended and not overbought, so a lot of characteristics that make this desirable. Lets look at a few tables and charts the first is, talking about Sherwin Williams, this is one of the best performing stocks in the market, regardless of its line of business here yo