Of optimism into the market. Thats sending a huge swath of the markets to record highs, as president elect joe biden gets clearance from the Trump Administration to begin preliminary transition protocols. Yes, it crashed through the 30,000 ceiling but can the dow close there . Heres what you need to watch in the next call it 59 minutes with me. The dow has got to be up 359 points for a brand new record. But were above 30,000 and that means we are up about 437, just 29 points above 30,000. So you get to do the math there. The s p has got to be up 49 points. We are at the moment up 55. No record for the nasdaq, but it did pop above 12,000 for the very first time and we are still there, 12,026. The russell, im not going to ignore it. I know you russell fans. These are the small and midcaps. Any gain is a record. The dow transports also about to close at new alltime highs. We are watching it all so closely. But as the markets say let the good times roll, there is a darker backdrop at this
Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and Applied Materials and walt disney which needs no introduction. It is looking like well have a smooth transition from the Trump Administration to the Biden Administration thats a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. I am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine
Why it matters so much the big difference between trump and biden socialists i think it is the end of the viciousness and the embarrassment and the anger. Trump hate them or like them hes the most polarized candidate i can remember once the race is finally over, there is some tensions dialled back regardless of who wins. In other words, maybe america can finally chill out starting tomorrow or at least this week second, there is a new found and naive consensus that our democracy is stronger than partisan would that be something . We have an orderly transfer of power if joe biden wins. A lot believe that biden will win decisively and go to bed before midnight. I have said it over and over again since 2016, you have to base your Investment Decisions on the hands that you are given, not the president ial election. Last week we got hit with a 5 decline including the ones just reported of fantastic quarter. The analysts dont want to hear about big covid cost we hear more of potential regulat
The. Bridge is going to great. On to be israeli pm signed peace deals with the u. A. E. And bahrain in washington something dont transcode a historic breakthrough but the move is met with outrage in palestine. Thanks for joining us here on c. N. N. To national kevin and i we will be here in an hour but the latest headlines. I am max kaiser this is the kaiser report 1st of all i got it shout out congratulations to my friend Ronnie Osullivan who have won 6 times now the World Snooker championship up there at the crucible in sheffield thats in england ronnie is the mozart of stoker and as you can tell by by american accent i have no idea how to pronounce snooker but it doesnt change the fact that ronnie is the greatest of all time in that sport that i cannot pronounce congratulations ronnie and i hope to have you back and cause report soon dont be a stranger ok now lets talk with stacey. I think its something along the lines a snoop snoop at. Something like that anyway you know what max w
I am max kaiser this is the kaiser report 1st of all i got it shout out congratulations to my friend Ronnie Osullivan who have won 6 times now the World Snooker championship up there at the crucible in sheffield thats in england ronnie is the mozart of stoker and as you can tell by by american accent i have no idea how to pronounce snooker but it doesnt change the fact that ronnie is the greatest of all time in that sport that i cannot pronounce congratulations ronnie and i hope to have you back and cause report soon dont be a stranger ok now lets talk with stacey. I think its something along the lines a snoop snoop at. Something like that anyway you know what max was a champion in predicting this sort of headlines then druckenmiller speaking of london i guess they used to run the quantum fund out of there right the in george soros yeah im not sure where they dumbass styled probably somewhere waiting. For certainly they did crash the pound and that is this guys then druckenmiller he wa