In washington, d. C. President ial adviser Kellyanne Conway will adjust the gathering, along with senator joni ernst, representative mia love and congressman chris smith. You can listen live on the cspan radio app. President trump has nominated World Wrestling entertainment ceo Linda Mcmahon to lead the Small Business administration. And yesterday the senates Small Business Committee Held a confirmation hearing for the nominee. The committee will come to order. Today for the hearing qualifications and start our advice and consent process for mrs. Linda mcmahon to head the sba. Linda, thank you so much for being here. And we have senators blumenthal and murphy to introduce mrs. Mcmahon. And both of these gentlemen have run against mrs. Mcmahon and vice versa, so i hope they i hope they didnt bring their files on and murphy to introduce her, and i hope they didnt we didnt forget. And senator blumenthal, the floor is yours, and thank you so much for gracing with us your presence. Thank yo
T is e. C. B. Day. Well talk about the e. C. B. s options for tapering and then in just over an hour we will speak to pimcos andrew. This is a picture for the markets. Overall there has been a little bit of movement on the back of the debates. Mr. Trump, donald trump refusing to say he will accept the Election Results if he loses. Dollar advancing again. It all has to do with the e. C. B. You can see the stocks in europe pretty much subdued then i want to show you the mexican peso. This is important because it is a proxy for the chance that donald trump will win and you can see mexican peso down 0. 4 after strengthening a touch. The currency has risen more than 4 this month. There is a growing likelihood that trump will lose the coming elections. This is the trump effect. Were not only seeing those on pesos but also on the Australian Dollar bets. His is the mexican peso in white anything below the line means more short and above means more long positions. Lets get straight to bloomberg
And deregulation and more spending, which is an unusually positive combination for growth, and the novelty of it has been propelling many of the large capitalization stocks we follow higher. But how about the small cap stocks . Theyre also on fire. This ones on trump too, i think, because theres another big change coming that people arent spending enough time talking about, and that is the deregulation story. I cant speak for the american people, but i know that Business Owners are sick of washington getting in the way. Theyre tired of complicated new rules and changes in Health Care Policy and taxes that make the can produce things at one tenth the price by the way or maybe make them fear expanding their businesses entirely. The stocks and Small Capitalization Companies are roaring because they can least afford the endless rules and regulations that the Obama Administration has put out. I dont like talking politics, but i founded many businesses myself and i can tell you that small Bu
It was indeed a benign selloff. Before i give you some examples, let me explain the concept of bids underneath because this is a technical term used by professional Money Managers. I want you to understand this stuff. These professional Money Managers have Actual Experience in buying and selling large chunks of stock. They dont just do the Analytical Research about why a stock should be liked or disliked. Thats what we usually talk about on mad money. Now im going to talk about trading mechanics. Stock sinks, there are people who are ready to stand there and do some buying. In short, buyers are lurking and theyre ready to pounce. How do you know theyre there . If youre an institutional trader, youre often asked for what is known as a picture, meaning what is the actual supply and demand balance in a given stock before you pull the trigger. So what does that picture look like with a lot of stocks in this market . Lets start with the first disney. See, if i wanted to buy disney in size a
The expectations and what the companies are going to earn or sell. The making and missing of those expectations controlled the market today with the dow climbing 42 points and s p 500 back sliding and nasdaq declining. A watched it drop like a stone, boom, boom, boom. Then we listened to the call and American Express is doing better than expected. And the stock rallied 3 and change. Investors kamg in s came into t and General Electric quarters hoping that Industrial Sales getting stronger of the intel choose to be far more sir couple inspect and didnt give that positive and General Electric talked about a mixed picture environment. And ge sheds 2. 28 , the latter seeming out of sync with the fact the headline said things are good. With that expectations in mind, lets go over next weeks game plan. Two of my absolute favorite companies, delta airlines, dal and johnson johnson. Suffice it to say i am a tad concerned like intel because both companies had become victims of heightened expect