Southwest, at t, dow and Union Pacific this morning, jim, the hard thing today, jim, is going to know where to start. Yeah, i mean, look, i think last night the news flow was, as you said yesterday, heavily weighted toward microsoft which people regarded as disappointment i think that disappointment is not having the greatest quarter in the world, lets just say that today i think that the focus is whats going to happen when these benefits end and which companies are going to be able to continue to deliver the numbers. For instance, chipotle had a great number, will that be impacted whirlpool had a great number last night will that be impact snd what are we going to see with southwest air we had a fantastic interview with american and then secretary mnuchin i felt once again sounds like theres some room to get a deal done. We need a deal or else were going to find ourselves with a consumer who is too strapped and i think that thats what im looking at for next week and then of course im
Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Waste. Thats why the tech heavy nasdaq rallied when the dow tumbled 226 points and the s p 500 back slid sure, the tech titans respect crowing about it, that would be in bad form. But when you look at their numbers, versus the economy, gdp down over 9 in the Second Quarter, lets call that the worst ever, with 17 million continuing jobless claims. It feels like the old economy is lost the house of pain is the new companys gain. The house of pleasure at the very least, the cloud and communications have gotten a massive windfall here. Digitization pulled through by two, three, four, five years look at that 7. 4 billion revenue amazon reported. Theyre like the amazon mint, because people dont want to put themselves at risk bishy shoppig in person. Amazon is the answer to the pandemic every day some pundit comes out here and argues that the Federal Reserve is propping up the economy by keeping Interest Rates low. They tell us its a bubble they tell you to ignore it they imply the gains in t
Host thank you for being here. I mentioned that you are the help secretary and you are a member of congress because they give you incredible insight and think on how to deal with the coronavirus early on. You declared statewide Health Emergency on march 11th when there were only four cases in your state. But as you see that push you to move so quickly. Two things, you know that money. Rus is so it comes with travelers. I was still dealing with people traveling on a cruise in california an adult with the pandemic before. In the earlier you start, the more aggressively you start the better control and management efforts you have. This is the problem because you cant see the pandemic. Everyone i think falsely assumes that it wont come here. And wean will wait until we see what is happening. And for too many it is easier to explain pretty have to move immediately. Otherwise it rages out of control. We have seen it all across the country now. Jonathon in a followup. He said the through pend
Good afternoon. Today to talk about infrastructure and jobs and are clean energy future, but i have to start by speaking about what millions of americans know when they wake up every morning with worry, anxiety and fear. We are still a country in crisis. The pandemic has affected more than 3 million americans. It has cost or than 135,000 lives and climbing and shows no signs of slowing down. In just the last few days, 19 states, 19 states reported florida,ses, including which saw more than 15,000 new cases in a single day. Hospitalizations and deaths, two of the most concerning indicators of trumps failed response, are already unacceptably high and they are rising. It has gotten bad enough that even donald trump finally decided to wear a mask in public. Im glad he made the shift. Mr. President , its not enough. We wont be able to turn the corner and get the American People back to work safely without president ial leadership. Mr. President , open everything now isnt a strategy for succ