Realize that this lawns full of weeds and dead grass and bugs and a golf ball okay, this is what the market is really about not this, but this see how the averages rallied again today, the dow inches up 47 points, s p advancing 2. 3 . The nasdaq gaining 1. 06 but almost 3 5ths of the stock in the s p 500 are actually down for the year were in high territory because of the other 2 5ths up a lot heres the real economy. The truth is, the weeds are more representative than the healthy patch of lawn, and in many ways its getting worse, not better, as the weeds begin, i think, to infect the nice part but when you look at the whole s p, you cant see the weeds you see, theyre obscured by Tech Companies with big gains. Who wants to talk about the other 291 stocks that are down for the year when you can focus on the incredible runs in amazon, microsoft, apple, facebook, alphabet its a lot more fun talking about tesla, up 378 than talking about gm or ford down 27 and 21 . Tesla has about 50,000 e
Assistance also a former trump advisor steve bannon pleads not guilty to defrauding supporters of a campaign to help build the wall along the mexico border. And malis military promises a quick transition of power the United Nations condemns tuesdays. So the United States is demanding u. N. Sanctions be reimposed on iran saying teheran has violated the 2015 nuclear deal the request to the Security Council begins a 30 day process that could cause a socalled snap back of sanctions u. S. Secretary of state might pompei as the sanctions would stop iran from enriching uranium or to purchase weaponry. Our message is very very simple the United States will never allow the Worlds Largest state sponsor of terrorism to freely buy and sell planes tanks missiles and other kinds of conventional weapons the u. N. Sanctions will continue the arms embargo. Im pleased to say to that these restored sanctions will also reimpose accountability for other forms of iranian line activity that the authors of th
Moves its way to the northeast, live to the gulf this morning. Markets this morning trading up, take a look at futures, wild week with triple digit gains for the dow industrials in record territory. Nasdaq up right now is lower but the s p 500 scored a fifth Straight Record high close yesterday and continues higher this morning up another 11 points. Airlines getting turbulence, United Airlines warning 3,000 pilots could be grounded by october. Mornings with maria live right now. Global markets are mixed, take a look at european indices. The cac quarante is up 3 points but the dax index in germany is lower by 17, in asian markets big news, japanese Prime Minister shinzo abe announcing hes resigning. He announced resignation overnight and the news weighing on japans stock. The nikkei average down 1 and a half percent over night. Some of the top stories that we are watching this morning. President trump wrapping up the rnc last night officially accepting the gop nomination for president m
Portfolios. And nba players boycotting basketball games following the Police Shooting of an unarmed black man in wisconsin. Were going to get the thoughts of one of the black speakers at the Republican National convention. Mark meadows and nancy pelosi scheduled to speak at 2 30 does any of this job news wake up congress . Ill ask senator Marsha Blackburn. Weve got a big show for you on making money. Charles its been a day of significant news that keeps really a positive tone to the overall market. First off, Federal Reserve chairman Jerome Powell announced significant changes to policy approach in part to really the goal he says is to truly create maximum employment that would help all americans. Meanwhile, abbott labs receiving approval for a 5 covid19 test which further underscores we are getting closer to containing the virus. Its no coincidence the dramatic incline in cases coincides with the dramatic rally. The conundrum for investors is whether to chase the winners or buy the la
To november. U. S. Jobless claims. Below a million First Time Since the lockdown started. Blowing away optimistic expectations from housing, manufacturing, employment. The s p with alltime high. It would be monumental. I have two of the best Money Managers who will share your thoughts as well. Why are cities deliberately regressing into more dangerous havens of fear and hopelessness . The Economic Impact on people will last for a generation. Well have the latest. I will talk about this with gianno caldwell. I have my take. Well get his as well. All that and more on making money. Charles all right the economy continues to show strong signs of coming back with more evidence coming today. A huge drop in jobless names. Rise in Home Mortgage applications. Here is the breaking news for you, folks. Initial jobless claims are down 228,000. Continuing claims down 604,000. Pandemic assistance down 167,000. This is delayed. As of two weeks ago we had three million fewer people on total unemployme