As the seasons begin to turn, there could be more deaths and of course serious illnesses ahead. City, we saw the new york rate of positive tests at more than 3 for the first time in months. Lead to possible lockdowns either officially by the government or unofficially as residents opt on their own to stay home again. The Economic Data seems to be turning in our favor. We saw data with regards to consumer spending, Consumer Confidence. It is still a pretty delicate stage right now. Joe there are always concerns people are talking about, the lack of fiscal stimulus, the fact that we might get another wave with the virus. Gains inntinue to see Consumer Confidence. It is hard to see on this chart but it is the biggest one month sequential gain of this headline measure in 17 years. Right now, the arrows are still going up. Romaine if you would to be a glass halffull or halfempty, i should say you look at the idea that we have not quite recovered from prepandemic levels. This is a subsection
Pointing upward the wall street journal is calling the last four months a melt up and thats what it looks like. Dow up by 83 points. S p 500 looking to open 12 points higher. Treasury yields as well. Were at. 572. Theres a mix of what theyre thinking and what the equity markets think, right melissa okay we have a we will work on the audio and hopefully get that a busy week ahead. A twoday fed meeting with a policy announcement. No major change is expected. That will tell you that but investors will watch for clues about what the central bank might do next and then on the corporate front earnings season kicks into overdrive 167 of the s p 500 companies will report. Well hear from 12 dow components and among the names likely to get a lot of attention, apple, amazon, boeing, mcdonalds, 3m, exxon and many others. This is if you like earnings, if youre excited by earnings this is going to be a big week. So far this season we heard from 128 of the s p 500 companies so well more than double t
Giants of silicon valley. 10 trillion in market cap. Adam lashinsky, from fortune, both fox news contributors. Along with former investment banker carol roth and tech expert lance ulanoff. Thank you so much for joining us. Scott, first to you, which of these stocks will move the market, move the most after the bell. Given where we are during the pandemic and kind of where the consumer is i think it is an amazon story and not because amazon is retail and tech with Amazon Web Services youre getting a little bit of both. Youre getting a little bit of tech with amazon and certainly get the retail exposure. Amazon in some cases, david, by some estimates is pushing a hundo billion of revenue. That incredible for reporting services. That is a big tech titan. A big retail titan. That is why it holds so much water. David adam, call me oldfashioned i look at apple of the four stocks, because sometimes they low ball numbers before the earnings come out and investors are surprised when they do. Fr
Ebooks are sold. Host so scott cooper what is a Venture Capitalist do . Basically what we do is we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or apple someday. Forging her jobs correctly we are also helping them grow the company so we do not obviously work in the businesses that we can hopefully provide introductions for them p help navigate new challenges asge they go through the business we like to think of ourselves as a money provider and hopefully a supporter as the business grows. Why does the company like you describe not go through a bank and go through traditional avenues . Speech its a good question the problem is most ofro the businesses that we invest in our very risky businesses that are going to lose money for a long period of time as they invest ine the business and banks unfortunately are just not in the business of doing that or take a risk for losing capital paired for willing to take that risk
House Economic Advisor larry kudlow someone we know and love worked here a long time. Saying that the u. S. And china are getting close to an agreement. He described the talks being very constructive in his words saying the mood music is very nice that has not always been so in these things. He sded that the president is not ready to sign the deal just yet. Also getting word in china, vice premier lu will be holding principal level calls today we are up 60 points about all it is worth, i would say. Right now, hong kong confirming overnight that they have plunged into the first recession in a decade. That marks the second straight quarterly decline. The Financial Hub has been suffering from violent protests, the u. S. china trade war the week of rage continues to boil over. Well get over to matt bradley for more on that andrew, yes you are right. This has been six months of protests this started with the extra diction bill that started over the summer that has been drawn. You can see un