Frequent the scene in 1959, we will get reaction to this with comedian radio show host joe piscopo, it was a final showdown but were there any knockout punches this round, we will break down the debate including maura bidens call to end the oil industry, all that and so much more on making money. Charles when i think about the week for the market, i think the word tough sledding is probably appropriate every day we have a early strength to move to the upside and evaporate into choppiness and theres a lot of reasons including its not unusual in the middle of Earnings Seasons for markets to gyrate as they hash out the winners and losers in the new added the stimulus saga which seems to be of a natural headliner than traders, the real election of covid19 cases and the legitimate concern, it still may not completely explain the whole. That we are in right now, this is mine thrilled to have our next guest, to help us hash out what might be eating at the market, it equity strategist and seni
Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w
Good morning welcome to Washington Post life. Im a political reporter for thee Washington Post i would like to welcome our first guest this Morning Health secretary at hhs and remember president trumps coronavirus passport. Thank you for joining me. Good morning its great to be here with you this morning thank you for the invitation. N. I got the correct . T i am from deep down by you louisiana country you pronounced it pretty close thats a pretty good first try. Admiral you are the Public Health policy recommendation so was wondering if you could uave us an overview of the Current Situation on the ground today everyone understands and then to have a significant increase in the number of cases and they are starting to go up and we do however h know to defeat the pandemic but social distancing is incredibly important American People did a really good job. Also with good hygiene. And to have a program a smart testinge and we will be talking a lot about that but we do have the power to co
They are suspending trading in hong kong. We dont know the reason for that but we will bring you the reasons when we get it. Backdrop, the hang seng up by half of 1 . The authority spending a lot of money to defend the dollar peg. That is something on peoples. Inds as people make a rush 0. 5 toi composite, about the downside. Of what istrends going on as far as Market Action in this part of the world. Lets look at some of the first word news. President trump seems to have abandoned any hope of a virus package before the election next hek, telling supporters that sees a deal coming after the votes. Package covid19 continues to soar in the u. S. In newlizations jumped , ando, 50 in wyoming elsewhere in connecticut. France is planning a nationwide lockdown bid one in four airports in europe are collapsed as the virus europe face collapse as the virus stifles travel. Kar inion people in kash were said toince have undergone checks over the weekend. Authorities found five confirmed asymptoma
Busiest week of earnings thus far. Trillionlmost 16 worth of corporates reporting. We need to figure out exactly what the set up looks like. Lets do that with scarlet fu. Scarlet what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s p 500 having reported. Third quarter etf down 18 . Third quarter revenue down last, but still up 4 versus last year. We have definitely turned the corner because declines in the top line and bottom line are less bad than it was in the second quarter. It may even turn positive by the second half of 2021 when the conversations become easier. The market had priced in all of these Third Quarter declines. So far, so good. 500 are topping estimates overall. Sales are beating estimates by 3 . That is the most in two years. Eps is surprising to the upside by 18 , slipping from a 23 margin in the second quarter. Gina martin adams says Growth Companies are beating estimates more widely than value companies. When ea