Wall street expects some kind of stimulus. We have another monday morning rally with plenty of green and the dow jones is closing about a gain of 150, but nasdaq up over 100 points. Big tech up this morning i think pretty much across the board, yes. Its all green. Even though three top executives will be hauled before Congress Next week, both sides of the aisle angry over big tex wealth, power, influence and serious discontent about censoring conservative opinions as some senators subpoenaed jack dorsey concerning twitters suppression of conservative voice service. On the campaign trail absolutely no change. The president continues his rallies hammering his message home in the battleground states and joe biden will hunker down. He appears to have put a lid on the week staying home preparing for thursdays debate. That debate is controversial with the moderator who is supposed to be neutral anything but. Her family has donated tens of thousands of dollars to democratic campaigns and in t
Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
We can see the light at the end of the tunnel. We see the kasim terrific vaccine news from the highly promotional mo dederna. Nasdaq advancing. 95 . Despite the case numbers from florida, texas, california, arizona, we might be able to go back to normal sooner than we thought thanks to moderna or frankly, the dozens of Companies Working on a vaccine including astrazenika. The vaccines, thats the light at the end of the tunnel it led to ludicrously bullish action cruise lines, airlines, restaurants, the retailers, the Covid Vaccine gain if everything goes perfect, it will be months for the vaccine is ready, maybe years. You got to finish studying before you inoculate they havent faced trials. They need to make sure it works and no serious side effects when presented on mass, not just this little group and manufacture hundreds of millions of doses, in the interim, there is only one serious fairly foolproof method to bridge us to a successful vaccine and that is stimulus from the federal
We had a very big day today. Saying ourtart by love and prayers to every withcan continue, to be our fellow citizens who have lost a cherished friend or Family Member to the violence. Amidst our grief, we are making tremendous strides against this invisible enemy, thanks to our Aggressive Campaign against the virus and the extraordinary talent of our medical professionals. Our mortality rate remains roughly half of that of many other countries and one of the lowest of any country in the and that is due to a lot of things, but our medical professionals have been incredible. Since we announced our guidelines on opening up america, as we call it we say opening up america. I think we can add the word probably again. But that is what it is. We are opening up america again. 20 states, representing 40 of the population, have announced they are making plans and preparations to safely restart their economies in the very near future, so that is 20 states, roughly 40 of our country. Pretty quickl
Demand but partially also because of too much supply but you know the president is determined we want to maintain our Energy Independence and the president has asked me to look at all of our options and what were doing that obviously its a pretty extraordinary situation where you saw the front month of oil futures trade negative. On the issue on the 4th stimulus bill and agency in the whole government any thoughts on why there are odd that money should be proportionate to half the rate of infection in states and a growing dangerous thing but way too early to consider that whatever we do will do on a bipartisan basis the president has listened to the governors ive had the opportunity on multiple Video Conference calls with the president the Vice President reaching out to a lot of people theres a lot of states that have been impacted but way too early to figure out that level of design you. Know Large Company applies for one of these loans. Nane manipulator works the system works the who