Chairman grassley had put his epic streak of consecutive votes temporarily on hold for the sake of other people. Of course leadership and example setting are nothing newpl for te senior senator from iowa. Im confident our colleague will pick up exactly where he left off, resuming both his perfect attendance record and the tireless work for iowans that he represents. We all benefit so very much from his leadership. So the senate is back in session to finishe up 2020. 2020. The American People are counting on us to finish strong. We need to reach on federal government funding to avoid a lapse in basic programs and services. We need to finish the annual Defense Authorization to shore up the u. S. Militaries competitive advantage over our adversaries. Andd we need to continue processing wellqualified nominees for vacancies throughout the government especially, especially on the federal bench. These are important assignments but they are not the only assignments congress should not depend f
Green shoots rhetoric. What makes it interesting going into november, the financials had already been up 30 out of the march low, plus the yield curve has, in. The yield curve has come in. It is puzzling why the banks are up so much. It has to do with the narrative of the traders and investors buying cyclical stocks on the potential for strong recovery. Guy i will cheat david i will cheat. You and i talk when we are not on television. What is going on with the yen . Abigail those are some of my favorite conversations because we can move back and forth. The yen does bring attention to itself over last year. It is up about 4 . When you have stocks at alltime highs, you have bonds at record highs, although folks will say the fed the yen is a pure play haven. Over the last year, up about 4 . Some traders might like the fact that stocks are higher, but theyre probably hedging for the possibility there could be choppiness ahead. That is true for the vix. The vix is still above 20. That is in
We all want to go Back To School. We also want to go back to School Safely and make sure in addition to getting high up on the Priority List of being vaccinated we want to make sure there is robust testing. When i was home a few weeks ago with Family Members in the School System they had to insure they got their test. Proper protocols. The Biden Administration says theyre following the signs. Weve known since last summers that schools are not a place of spread for covid19. The School Systems got 65 billion last year from congress in covid relief to put in Safety Precautions to allow teachers to get Back To School. The bottom line at this point is that good teachers who want to go Back To School are being held hostage by these Teachers Unions and theyre now extorting the american taxpayer for more money claiming they dont have enough money to go Back To School when theyve been funded and we have the science again with the cdc report this week showing that this disease does not spread in
States. Hes at the Scranton International airport just outside the hometown of his opponent, joe biden. Former Vice President biden, step for step in pennsylvania at this hour. He just wrapped up an event in monaca, and will be heading to pittsburgh for two events later. Both candidates hoping lastminute stops in the keystone state will be the key to victory tomorrow. Lets curate crucial charts and numbers for you. The gravitational pull for stocks going both north and south, although with the nasdaq we look like we are going to go back up north for the moment after suffering its worst week since march, you can see the Dow Jones Industrials back on track for the bulls, up 423 points. Of course, on this first day of november trade, you have the nasdaq whipsawing up and down. Right nows t its down three points. Low of the session, a loss of 80. A high of 159. Trying to figure out the direction for that index. The vix or wall street fear gauge complacent at this hour. It actually, as we l
House democrats accuse apple, google, facebook and amazon of abusing their market power and that Congress Needs to rein them in. Eli lilly asking the fda to authorize emergency use for its experimental covid19 antibody cocktail those shares are rallying ahead of the open. Jim, markets trying to do a bit of a reset now as goldman weighs in this morning and says airline stimulus likely, further ppp probably not likely. What are we . Well, i mean, i think that the market went down after what the president said the president was talking about market hitting new highs and the only person that was sending them down was him. I think he does react. I think it is probably, youre not going to get that, say, listen, the dow was down, there is really in other reason. He completely dismissed Speaker Pelosi i dont know what he did with what secretary mnuchin was speaking about, whether there were phone call going on and they were irrelevant obviously he addressed the fact that the senate was interes