We can get above that 200 day. I have to tell you, once again, what causes a decline its always the banks. Why the banks . Because we cant value we cant value them because we dont know what their future loan losses are going to be. I think that the feds chilling statements made for a tremendous confusion because, remember, weve been skating everybody has been saying how can the market almost bet a its high the answer is because we dont have any data. No real reports that contradict that i didnt like the nike quarter, but people already apologized for that it is the banks and, once again, when i think of the banks an article today about credit cards and how people arent taking the big credit cards with the 400 and 500 fees. David, the credit side continues the buyers jim, that is really interesting to see when we start to get the earnings where the focus of investors is. After the close we get jeffries. Investment banking not overry large but what will be interesting, jim, im sure well
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
Something. The best stocks, theyre never cheap. They rarely come in. And when they do, you got to be ready to pounce. Buy, buy, buy the good news, rarely is not the same as never. Every now and then you do get meaningful pullbacks in truly high quality stocks. The bad news, when those pullbacks happen, most people tend to be too afraid, scared to do any buying. And you know what . I cant blame them case in point. The stock of costco. I think the world of costco. Im a proud costco member. Gold star. My wife lisa is an executive club member. She lords her status over me every time i shop there, im blown away by the prices im a twocart shopper the bargains are so great, one cart is not enough were like a train when we go there. We buy costcos private label products why . Because theyre usually better the place never fails to amaze my trainer jim, this week he bought a car from costco they gave him a better lease deal than anywhere else. Fish, beef, crab legs, glasses, diamond rings, shirt
Investors await the final pricing for the asia operation. They hope the Chinese Market will help drive down debt. Shery lets get you started with the quick check of the markets. Close of the thursday session. Reaching record highs with the doubt surpassing 27,000. S p 500 very close to the 3000 level. We have financials and industrials leading the gains. We got the tweet earlier in the session from President Trump saying china is letting us down. Bit. Took markets a little they were able to recover as we are focused on chair powells second day of testimony talking about the fed having room to ease and ties between the Unemployment Rate and inflation. Yields have 10 year reaching one month high as we got u. S. Inflation numbers coming in the hotter than expected. This friday we are facing a modest retreat in asian stocks after a two day gain. Hares flipping at the closing chinese trade headlines the agenda which comes after trump complained. Malaysia,e gdp plus japan, and india. Theill
Ladies and gentlemen, how is the day going so far . Pretty cool, huh . Cool, thats a great word. Okay. Well, it is my distinct honor to introduce your next speaker. You know, my notes here say that our next speaker is the most accomplished pilot in the senate and has flown all over the world. All around the world. All around the world and over it, too. He is chairman. Epw committee, 12 years total, as Ranking Member chairman, married for 57 years with 21 kids and grandkids. And thats all really great and important stuff. But let me tell you when you are a political leader in the United States of america, seeking truth, standing for truth, speaking out for truth, writing about truth, is a wonderful a tributte. So i would like to bring to the podium one of the great champions for truth in our country today, senator jim inhofe. [ applause ] did they mention this thing about the drawing . No. Just for a second here. Were going there will be a drawing later on and olympia, you have a bunch