Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Good morning. You are saying the goalposts have moved on the stimulus talks . Who has moved the goalposts and where are they moving them to . Look. Im not an attack dog. All im saying is, speaking to , that themnuchin assistance package, the differences between the two teams on the assistance package have narrowed. But it seems like the more it narrows, the more conditions come up on the other side. And that is what we mean by the goalposts. Im not here to be optimistic or pessimistic. I have not taken of you. Factually,ying that the talks continue. They will continue today. The Committee Chairs in both houses our meeting. Small business, appropriations, and so forth. What they call the four corners. Thats ok. Speaker pelosi seemed to strike a note of optimism over the weekend. We have heard that before. Hopefully, she will follow through. I dont know. I dont want to predict. There are still a number of plan that the president cannot accept. There are a number of targeted areas we thin
Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
About the blockbuster revelations about hunter biden, biden got a pass, the network fix was in, beat up trump, give biden a pass. We do have news on the stimulus. A little give on the part of the white house, Speaker Pelosi and secretary mnuchin have agreed on the democrats Virus Testing strategy. It is not much, a strong report on retail sales just came out, a halfhour ago, big loss for the stocks yesterday but a rebound today in part on the back of the retail sales report. The dow is up triple digits 130 points, the nasdaq, 93 94 points higher. Censorship are very much in the news, social media may be in trouble after blocking coverage of the bombshell allegations against hunter biden, the authorities are taking a close look at facebook, twitter and other social media liability immunity after four years of obvious media biased in social media censorships and is there any doubt that you are blocked so frequently from seeing or hearing conservative opinion. We will get more on that com
Years of this serious 11 years now and you can see that even Jerome Powell an acting sitting head of a central bank the u. S. Central bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the walls reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw at your own power stated that he would dread a day that Digital Currency is take over the Current System and the u. S. Dollar would not be the old reserve currency anymore rightists like dentistry people dread it the day that gas lights are no longer around no one to electric lights and they dreaded the day that cars took over and we didnt have horse drawn carriages anymore and you know things change and he cant do a thing to stop at your own pal he could be the last fed chairman in the United States before the big coins take over and so this is just all pa