Because the Senate Just Passed another 500 billion bailout. Bailout, lets say of the last bailout. As we quickly ran out of money thats why the dow surged 457 points s p soared 2. 29 nasdaq 2. 81 house of pleasure Payroll Protection Program was supposed to be for Small Business, right . In the end a ton of that money ended up going too big businesses, Public Companies that was a back rub and sing i feel like a chump. I guess i should be more cynical about politics, just trying to help Small Business. However, if you ask me, that wasnt really the big story of whats going on. See, theres something bubbling underneath right now under the surface. And if anything, it makes me want to be less cynical about corporate america. Thats right corporate america. See, this market is rewarding businesses that have foresight and originality and most importantly, heart i dont want to sound too sappy, i dont know how else to put it. The stocks of good corporate citizens are thriving here mark benioff,
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
Heres a rally thats not supposed to be happening. [ buzzer ] this one just wasnt in the cards. Sure, tuesdays session, day one of a rally at the britishinspired brutal selloff. That makes sense. Weave ve just gotten through w two of the worst sessions. Day two also seemed like an unusual but reasonable possibility, because we had a big takeover, surprises, rally in oil, but today . Today when the dow gamed 235 points, and the nasdaq at 1. 33 . This was outrageous in its audacity. So few people believed that it should be allowed to take place. It was a totally unexpected surprise. [cheers and applause] let me explain. Go back to a week ago, today. We had just gotten pretty close to surety, surety that the remain camp was going to win, that there would be no brexit. That the European Union would be preserved. And a house divided against itself was going to stand. And i remember boarding a plane back to new york from San Francisco with my daughter, just before the first returns were in. T
Russian military convoy. It is causing a major move in the 10year which hit lowest yield since june of last year. Look at that uranium president claiming his forces attacked Armed Russian vehicles that moved across the border. Nato is stopping short of calling it an invasion but confirming that there was a breach into ukraine. Here now to discuss all of this, veronica daguerre with the wall street journal we have larry shover of fsg alternatives. Liza benson from star vest partners. Thanks to all of you for joining us. Liza, what do you think of the markets reaction . I think type of instability will affect the markets. Anytime you have this type of military action going on you will see the markets react. Melissa especially when we have so little clarity on this we dont know if this is big convoy of white trucks we saw go in. It is totally separate from that or related to it. This is what was feared, it would get reaction. There is a lot of fears here. We dont know how far it is going
Youve got your hunger and some problems that are real and youre dealing with some demons who are driving you insane ive seen them dragging you screaming down the hallway you got loaded again, aint you had some Nothing Better save the feeling till you die let it ruin your life let it run your children off let it run your wife let it take the joy you love you know, you do better, baby, you just didnt care you got loaded again imus in the morning the president is losing credibility. The new week starts with no hint of armageddon. Good morning, everyone. No impact from the sequester cuts so far. And the president is backtracking. He now says the catastrophe will not the happen soon. As of now, hes still blaming the republicans. As of now he still wants more tax revenue. Okay, fast forward. This week, we get reports on manufacturing, productivity. Jobs, all expected to be grim. So, here is where we are, the cuts have arrived, the economys getting worse, but the president still wants to tax