Will wake you up, call it ludicrous speed. Stay here, airbnb making its pitch to go public even as the travel sector continues to suffer amid the pandemic and buffetts big buys, the sto stocks he says are ready to rally. It is tuesday, november 17th, and this is Worldwide Exchange. Good morning, good afternoon or good evening from wherever in the world you might be watching. Im Brian Sullivan thanks for joining us. Here is your markets and money on a tesla tuesday as well call it futures are mixed to flat. Dow lower, nasdaq futures are higher neither are moving very much but another big monday for your money, more new records and a new vaccine candidate of course. The dow coming off its first record close since prepandemic levels in early february the index now just 50 points away from 30,000 something certainly a number to watch. Small caps continue though to be the star the s p small cap 600 up another 3 yesterday if you are not paying attention to small caps, you should. Lets also t
Obtain. What you might see is a bit more bitesized approach to aspects of the trading agreements. To get a greater engagement in a more constructive engagement. You talked about the covid recession. We have had a second wave of covid coming across europe in the last couple months. Indicators of the economy show that is causing a double dip in many economies in terms of activity. Youhelpful you are are that we could have a fast recovery this time around and see that vshaped recovery people have talked about . I think the vaccine is going to be a very important story for the 2021. From the irish perspective we moved early on in the early the second wave, the Second Lowest interest in europe now. We are doing very well in terms of the downward trajectory of caseys. Of cases in hospital and icu. Somewhere at the end of this month we move out of what we call level 5. Our schools of state construction has stayed open. Our domestic economy. Our investment side is doing very well. Science and
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Street audience. It is really important to look at the levels here and not the abrupt changes day after day. Moments ago, s p futures 3500. Dow level, 29,000 plus. Nasdaq 100 level, 12,000. That is a market that is adjusting. Jonathan the nasdaq up 9 since election day. Three days, nasdaq futures up 9 . Can you make sense of some of this price action . Tom absolutely not. Jonathan seeing the equity market up this much is pretty impressive. Tom we can pontificate about it. Lisa will have all of the answers about why we are moving up. Just in the last hour, yields come in. Of all of the political debate this morning, the one little tea leaf was in georgia. Mr. Biden narrows the gap with 96 counted. Tom you mentioned jonathan you mentioned the bond market. The company continues. Lisa if you want a neat narrative, you can but fun of me and tell me it is wrong, and it probably is, but i think the narrative of the day is that the fed its going to have to provide more support to the economy b
Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressure to do more, but it creates an interesting quandary,