Today, david. David this no argue about it. We were supposed to have the second president ial debate last night. Instead we got dueling town hall meetings. One moderated by abc news George Stephanopoulos and form Vice President joe biden. The other Savannah Guthrie and featuring donald trump. The contrasts were sharp including the economy and the president s response to the coronavirus. President trump i now it was a big threat. At the same time i dont want to go out and say everybodys going to die. We make up 4 of the worlds population. We have 20 of the worlds deaths. We are in a situation where we have 210plus thousand people dead. Whats he doing . Nothing. President trump we had the greatest economy in the history of our country last year. Including the state of florida where we are now and pennsylvania and North Carolina and every place. We had the greatest economy we ever had. We had to close it down. We saved two million lives. We are opening it up. We have a vshape and its comi
Steer the countrys recovery. On markets. Check the s p 500 up 1. 8 , being led by the energy index, even as oil reaches for a 17 and all. Handle. The dollar index close to 100 again, 99. 77. Lets get to Abigail Doolittle for a deeper dive into the markets. Abigail stop gains on the days certainly stand out, possibility of the reopening guidelines from president trump. But what stands out more on the declines in crude oil. Here is an intraday chart, down 7 , down much more before. This is the first month contract which expires next week. Contract, june, is closer to 25, so this may be temporary. Nonetheless, crude oil reflecting the demand picture shrinking on the coronavirus crisis. It is a tell as well on risk appetite. The need the surface for the s p 500, the sector composition is interesting. Consumer discretionary helped out by a lot of those faang stocks. Health care is also solid. Gilead sciences with some good news on a drug that may be helping. In real estate, lots of talk abo
To know to stay safe. The white house fires back, President Trump and a his attorneys will not participate in the impeachment hearings this week. Weve got the latest from capitol hill as the first impeachment draft is reviewed and republicans ramp up their calls for adam schiff to testify under oath. Mornings with maria begins right now. The city never sleeps at night. Its time to begin, isnt it. I get a little bit ill admit im just the same as i was. Maria weve got a great show this morning. Joining the conversation, Dagen Mcdowell, pwc partner mitch rochell and James Freeman. Great to see everybody this morning. So here we are, hope everybody had a great thanksgiving. We are now in december, three weeks left, legislatively, for congress. Usmca expected to come to the floor in the next two weeks, youve got china, you had a great op ed this weekend. Thanks. Maria on making mexico pay for doing a deal with trump. Its kind of amazing. People have been living in a cave for the last year.
Has recovered some of its earlier losses today. Giving extra impetus to the downside when it comes to the ftse 100. A little divergence when it comes to the bond market. , movingeeing treasuries in Different Directions today. We did see some fairly negative assessments coming out of the institutes and generating today. In germany today per it significant downgrading their expectation for German Growth next year from 1. 8 to 1. 1 . Not exactly a great day if you were long on european equities. Romaine hear things are not much better. Support, wene of spoke to that within the first 60 seconds of the open here. This is the kind of day were market technicians make their money. 28. 37, and a lot of that the client. A lot of the folks tied to the economy. Youre seeing a lot of the luxury names tapestry, tiffany bringing the market lower. A wild ride over the past six or seven days come up again today. You see folks sliding back into some safe havens. Not a huge rush, but significant enough w
Main drivers for todays action. Coming up, sara eisen will talk exclusively to boston fed president eric rosen gren. These will be his quiet moments before going into a decision joining us for the hour is jim lacamp, Senior Vice President of Wealth Management at uvs i feel like when you look at this market there is a Little Something for everybody. You can find a reason to be bullish, bearish, we are all awaiting the feds decision what do you make of todays action and ahead of the fed decision. We have seasonality coming up, too, late july to late october is usually our most volatile time period in the market risks are symmetrical right now. We have upside, corporations are doing fairly well if you break it down to individual stocks and companies and a few sectors, theyre doing extremely well, and we have a tenyear treasury yield that is lower than the yield on the s p 500 so rates are very friendly, particularly if we get a rate cut, we think half a point based on what the fed governo