Facebook reported amazing number last time. Amazon gave you an amazing upside surprise and it got steam rolled it was hideous nonenonetheless, and i know that. There is the right way to look at it or the wrong way we dont look at the action and we are back to form an opinion about the quarter. Thats the wrong way the right way when a Company Reports great number and the stock gets slammed, you look at the set up often because of an event like say an impending election. I am expecting massive confusion. One of the most confusing weeks of my career unless the results are blow out this day, we may not know who won plus with mail ballots nobody wants to unstock a bowl of confusion why not sell everything on monday for starters, you are too late what the heck did you think was happening. More importantly you are not nimble enough to get back in after you gotten out look at our quality stock selling off right now. You definitely want to get back in take amazon and facebook with unbelievely g
The candidates key messages. Stocks finding strong footing after a recordshattering Third Quarter u. S. Gdp report and word that Speaker Nancy Pelosi and treasury secretary Steven Mnuchin still have the stimulus lines of communication open. But the major indices are still far from recouping this weeks losses so far. The dow at the moment up 270. That is a 600 point swing from peak to trough and back up again. The nasdaq up 234. Could all of this change either up or down in an hour, when americas tech titans report earnings . The three tech ceos who faced congress yesterday face shareholders today. Our tech panel with what to watch ahead for facebook, twitter, google, apple and amazons Quarterly Reports. As the coronavirus cases spike, we have the chipotle ceo on how his restaurant chain is preparing for the second wave. Plus, when are quesadillas coming back on the takeout menu . Can we get to that . Hes coming up in a fox business exclusive. Weve got this. Investors are waiting with b
A half percent. Another thing i am watching as the rnc tax policy. Toer this hour, we are going look at taxes and how they play into wealth inequality. We are going to do that with Dorothy Brown november university. First, economic data. Confidence, 84. 8, the market was looking for 93. Ist is a week number that a weak number. This tell us something about the stimulus debate, the employment market in terms of the present situation. That has weakened significantly from the 94. 2. The expectation number has weakened as well from 91. 5. We have an 85. 2 this time around. Newhome sales continuing to drive onward. The Housing Market showing no respite. Look at the lumber prices. Sales, 901,000. That is a 13. 9 permit very strong number. Consumer may be starting to show signs of weakness and concern. Lets talk about the market today. We have already indicated what we are seeing is stocks, global stocks continuing to push on very strongly. What is the excuse . U. S. Chinese officials holding
Participate. If joining by videoconference what you start speaking there will be a slight delay on the main screen. We are senators that he is that videoconference option hit the mute button until it is your turn to ask questions. If there is a Technology Issue we will move to the next senator until the issue is resolved. I remind all senators and the nominees the fiveminute clock still applies. For senators using the video option, youll notice a screen labeled clock showing how much time is remaining at 30 seconds i will tap the gavel to remind them the time is almost expired. To simplify the speaking order we have agreed to go by seniority for this first hybrid meeting. Thank you to those of you who are here today and keeping the capital complex safe and functioning while we honor our constitutional duty. Covid19 has challenged our sense of normalcy and tested every institution of daily life that we know. The crisis has had a major impact on the Economic Health of our country and the
How it will work will benefit senators in the public. The hearing room has been configured to maintain the recommended sixfoot social distancing between senators. Nominees, and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. A number of senators have chosen to use secure video teleconference technology, which will allow them to remotely participate. For those joining by videoconference, once you start speaking, there will be a slight delay before you are displayed on the main screen. To minimize background noise, we ask senators who are using the videoconference option to please click the mute button until it is your turn to ask questions. If there is a technology issue, we will move to the next senator until that issue is resolved. I remind all senators and the nominees that the fiveminute clock still applies. For senators using the video option, youll notice a screen labeled clock that will show how much time is remaining. At about 30