Well have a live report on that. President obama says Americans Care more about cheap gas than they do from the environment. Well hear from steve moore, whether this was a cheap shot. All that and a lot more on making money. Stay tuned. David its a huge market day. Nasdaq hitting alltime highs once again today after surging more than 10 last month. Vaccine hopes stronger than expected Economic Data and rumblings on capitol hill of a bipartisan covid relief bill are boosting market optimism. Joining me two markets experts to break it all down for us. Bellpointe chief strategist, david nelson. Great to see david again. And nicole webb. Let me start with the big picture. We didnt mention the fed announced, frankly nothing moves market more than free money. They said essentially there will be a lot more free money as long as they dont see any signs of inflation, the money printing will go on ad infinitum to pay all the bills but we still have a fear in the market of a more antibusiness, at
To abide by draconian lockdown orders, will have the latest on reaction to all of this and from capitol hill im joined by republican congressman andy biggs of arizona talking about a 35 million covid relief bailout going to want to joe bidens Campaign Advisory firms, what the heck is going on with that. This is the backbone of america being challenged by new lockdown, 60 of americas Small Businesses closing for good or being pressured to follow debilitating restrictions, will hear from the chief attorney from the owners of the Staten Island bar arrested for staying open, our covid shutdowns being used as political weapons, all that and a lot more right here on making money. David stocks are on pace for record close to in the week in a bigness in the november jobs report, the u. S. Added 245,000 jobs last month, that was only half as much as expected, you can see on the right the unemployment did kick down two tenths to 6. 7 but much of that because folks leaving the job force entirely.
We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are lea
Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
The dow coming off its first close ever above 30,000. Still down 180 a lot of focus continues to be on the socalled cyclical trade, energy, banks, airlines all pacing for their best month ever rob, its good to see you again. I come to you first because your note to our producer today really piqued my interest. The last three weeks, you say, were transformational. How so i think going into this, scott, we did not have a prospect for a stimulus plan it pivoted focus to the virus and the virus count really, really increasing. Since then youve had three months of very, very positive news on the virus front. Youve had an election outcome that appears to be more and more benign with the actions of the with the actions of our president elect. Specifically nominating janet yellen it looks like it was an outcome that was squarely middle of the fairway that was not too far left, not too far right. Really goldilocks like from my perspective. Now youre at a place where when you look at major pivot