Challenges he continues to insist the election was stolen for him, one of joe bidens advisors floating idea of more lockdowns ahead of the covid19. Well get the take from the rnc all that and much more on making money. Charles well the market opened relatively flat, investors moving back into the growth names including the lockdown darlings like zoom and peloton this at the expense of the rest of the market. Despite soaring covid19 cases more restrictions an lockdowns investors are resisting panic right now. Many probably remember taking big losses last spring, only to regret it by late summer. With earnings season almost over, vaccine hopes rising with more economic restrictions what kind of guidance will we see near term that dictates Market Action . Maybe it could be the charts, folks. We know investors should mind the gap when it comes to the market. I will explain that with help of ryan capital president , ryan payne, a group im not affiliated with. And federated lisa decell, fitz
Council of economic advisors director scott good speed. President trump is showing up in bidens backyard. Trumpbacked candidates continue to win major primaries. We have one of our favorite guests who happen to be one of those winners. She joins us on the show next on making money. Charles breaking news, folks, Fund Managers discover the bull market thats right. It is a president ial, political season. So we should expect a lot of flipflops. By the way were getting a lot of them. I got to tell you i lost count on the political front but the one that caught my eye, the flipflop of the week came early in the week when 200 Fund Managers in charge of investing half a trillion dollars changed their positions dramatically over the last few months. These men and women have become more bullish as a plurality of them see a bull market, not a bear market bump. Also they see a doubledip recession. The stock market is more about the economy a year from now, not a proxies for main street today. Bec
Districts that dont open schools. Well get reaction from mattie duppler. What about the another stimulus package . Where is the urgency . I will a a an bgs all that and so muchuc more morn akinmymomo. Wheelelelel are areni tng t s y nglihikenk tinhig,nking,ing, tnh iths wh iats ywhouat y couan. Snststste a of knowns and a lot of unknownnk to to consider at this men put into perspective. Rtic alert bear case, 20 decline from where we right now. S p, maybe to 2500. Base case, the s p earnings improve to the end of the year, maybe slightly higher than where we are. There is the bull case. 3500 in the s p. I want to bring in two women that really know. Experts. Market chief strategist, Kathleen Rooney vera. We have Francis Newton stacy. You know i love you guys. When i bring you on, that is six names that i have to contend with. Let me, start with you, francis, of these three potential scenarios which one makes the most sense to you . By the way how should we be invested in that particuarl
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,