Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t
The cross of gold speech. It was from his first run at the white house. We do not come as aggressors. Our war is not a war of conquest. We are fighting in defense of our families and prosperity. We have traditions and our traditions have been scorned. We have entreaties, and our entreaties have been disregarded. We have begged and they have balked when our calamity came. We beg no longer. We entreat no more. We petition no more. We defy them. We go forth confident that we shall win. The words of William Jennings bryan. We are coming to you from his home and office in the state capital of nebraska. It is commonly called fairview, because it gave you a fair view of the land. William Jennings Bryan and his wife moved here in 1902. It is now part of the brian g h Medical Center. We are coming to you from the first floor. His study is just below us. He did much of his writing and entertaining here in this house. We welcome our guest, a professor of history at Georgetown University. He also
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
Tariffs for those that dont, markets this morning look like this. We have a fractional gain for futures indicating a gain at the tart of trading this morning with the dow futures up 14 and nasdaq up as well. 13 points higher and s p right now higher by 1 point this after the nasdaq closed at record high yesterday. It was the 35th record close of the year. The dow and the s p 500 also closing higher on the session yesterday at 4 00 oclock on wall street. Tesla charging ahead once again, the stock driving past 2,000 a share ahead of stock split. The stock this morning up 2 and a half percent, plus take a trip to the upside down, how you can experience the world of Stranger Things from your car. Mornings with maria is live right now. Global markets this morning have a firmer tone. Take a look at european indices, recovery in france losing steam, however, purchase index below expectations, meanwhile french president emmanuel mac roan and Angela Merkel warning of new lockdowns even though c