2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Closing early is not good. It is extraordinary. The difference versus what we have got here is absolutely extraordinary. Francine on the lockdown, it basically gives you a kind of a benchmark, code red, code rain, code yellow, to get a sense of what you code green, code yellow, to get a sense of what you need to do. They are trying to make it simple, but we are not even 24 hours until forest johnson made that announcement. Tom Jacob Sharfstein of Johns Hopkins, we talk to him two times a week, the lead quote today in the Washington Post be inoat it is real simple the Washington Post. It is real simple. Were just waiting for a vaccine. Leighann President Trump says he feels so powerful after recovering from coronavirus. He wants to walk into a crowd and kiss everybody. The president spoke at a rally in florida. His first stop since his return to the campaign trail. There was little social distancing at the event, although some spectators wore masks. Supreme Court Nominee amy coney onret
Protection, he wants 1200 stimulus checks, that is what he wants, not Speaker Pelosi democrat state bailout commonality this, the markets reaction, selloff tuesday in a reversal this morning, the dow will be up 200, look at that and nasdaq up about 100 points, that is a reversal, heres another blockbuster, declassified documents show in 2016 the cia director john brennan personally briefed president obama on Hillary Clintons alleged candidate trump to russia. His notes made right after you briefed obama showed clintons during up the scandal to distract from her email problems and obama knew all about it, by the way the broadcast network did not cover this at all. 0 coverage on a blockbuster story, maybe mike pence will bring this up at the debate tonight. This is a major event. We are less than four weeks to the election and senator harris has a strong chance of becoming president given joe bidens age, he will be 78 on eggnog ration day, she will have to answer the question that biden
Positive signs on the economic front as the u. S. Nonmanufacturing index expanded and treasury yields breaking higher today much more on that move in just a bit. 59 minutes left to two in the session, and the dow is up more than 400 points. Thanks, sara. Lets get to the big stories we begin with amon javers. Reporter we dont know about the president s condition at this hour, but we know about his intent at this hour. He is ready to go home he has been at Walter Reed Medical Center since friday evening, and hes ready go he said, i will be leaving the great Walter Reed Medical Center today at 6 30 p. M. Feeling really good. Dont be afraid of covid dont let it dominate your life. We have developed under the trump administration, some really great drugs and knowledge. I feel better than i did 20 years ago. That came in the hour in which we were told we would get a briefing from the president s doctors explaining what his condition is exactly its not clear whether the president is preemptin
It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the