When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
Again. Senate Majority Leader Mitch Mcconnell failing to concede the election to joe biden just yet. The fed put out a warning on asset prices. The rally to a two month high. Since the highest levels 2018. The index at a record high. So much to really chew over. Joe such a wild start to the week of course. Digesting the election, the light at the end of the tunnel. Here is a chart. It is a number. But here is a pair. This is one of the favorite pairs of neil over at renaissance macro. To bike atot need home. There you see the entire story of the day, those two numbers. Romaine someone else made this for us, about vacation time. A big part of enthusiasm today is that we will finally all get out of the house and go back out to restaurants and, more importantly, to travel. The Consumer Confidence index tracks intended vacation. You can see that basically dropped off a cliff. Still has a pretty long way to go. I thought this was interesting. Earlier on this up the other show that we host w
There is no question, in all my years, this is the oddest jobs day, with a bomb shale with a bombshell earlier this morning. The president had the first have contracted the virus. We will show a shot of the white house here in a bit, describing the second floor and the president s president ial rooms. Right now, we are beginning to hear with our bloomberg reporting from people in washington. Jonathan heard from jen jacob in her reporting before the top of the hour on the aids close to closeesident the aides to the president that were concerned. We understand the Vice President has tested negative, so that is good news for mike pence. What we dont know yet is whether former Vice President joe biden is out. We understand he will be tested at some point today. It is a highprofile track and trace. Everyone that has been in contact with the president , with hope hicks over the last week or so. Who where they . Have they been tested . It is an odd payrolls friday because 29 minutes away from
[indistinct conversations] quest legacies far enough down the line. I guess he is far enough down the line. The committee will reconvene. I will recognize myself for five minutes. I have asked staff to provide you with a cover with this. Hart when numbers are that far apart, mine and yours, i think the public and the record are deserving to know what we are talking about here. These chart are people who are traditional unemployment people. I think that is your number. ,hen you add the red to that with the contractors, you get up to about 27 million. We need to make sure we are talking about the same thing. People. King about all we would be more than happy staff and reconcile this afterwards. On ank if you add them up cumulative basis, as opposed to how many people are on employment assistance as of august 4, because there are more people here than there are unemployed but i would be happy to follow up and reconcile. Thank you. A couple of things that were said in the first round, i wa
Welcome, everybody. Today, i will our select subcommittee is focusing on hearing were some members will appear in person and others may appear remotely via webex. Since members are appearing in person, let me first remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a Face Covering. Wearing a Face Covering are not permitted to remain in the hearing room and will not be recognized to speak. Let me also make a few reminders about hybrid hearings. For those appearing in person who will be able to see members appear remotely on the two monitors in front of you. On one monitor, you will see all the members appearing remotely in once, in what is known webex as view mode. On the other monitor, you will see each person when they are speaking, including other members appearing remotely. You can also see each other, each person speaking, during the hearing, whether they are in personal remote, if you have your webex set to active speak