Street yesterday with the dow closing up 106 points, the nasdaq, up 39. And the s p marked its first gain of the year, closing up 11 points. Gold fell 7 dollars. Oil also had its first gain of 2014, up 40 cents. The president of the San Francisco fed predicts quantitative easing will come to a close this year. However he notes the decision will hinge on improving Economic Conditions above all else. In after hours last night. Micron Technology Shares went wild, jumping six percent, as the company beat wall street expectations in its latest round of earnings. While the Container Store dropped after earnings , due to high costs linked to its recent ipo. And. Sony scores big. In the heated battle between sonys playstation four and microsofts xbox. Sony says its sold 4. 2 million game consoles by the end of december. Far ahead of microsofts 3 million. Larry shover of sfg alternatives joins us now. Hi larry good morning. What are you doing to position yourself ahead of the friday jobs number
Certainly a different tone than continental europe. I should point out that chinas Service Industry also strengthened in august. In the u. S. , we got the Weekly Mortgage applications. Ism manufacturing survey. Factory orders. The fed beige book, that is the important one. Then we get vehicle sales, which have been running very strong. Earnings after the bell. H r block. Taxpaying americans, were you pay them through h r block. That is the brief. Lets do a data check. We have significant headlines out of europe. Futures dance off of those headlines of a ceasefire. We will give you the nuance in a moment. Futures are up seven. Stronger euro in celebration. There is nymex crude. The vix, 12. 25. Brent crude comes back. Stronger offidedly the news area and sterling gets my attention. Off the news. Sterling gets my attention. Here is the decline. The strengthening of the russian ruble ringing it back to where it was three days ago. Here is the tension with nato and here we come back as wel
Yasmin vossoughian. So, President Trump holding another packed Campaign Rally last night, which some fear could be another superspreader event. This was his third visit to battleground North Carolina in as many weeks. And another example of the president s Reelection Campaign being not compliant with covid guidelines. The event was held outside in another airport hangar. But there was no social distancing paper lot of people defied the mandatory face mask order by removing their masks after gaining entry. Despite the keeping large gatherings to a minimum, the president bragged that his crowd are larger now than they were before the pandemic. Joe biden came here and made a this is not the most convenient place. Its an air force. If he had 200 people i think would be a lot. I really mean it. Did you ever see the gyms with the circles, thats his crowd. If he had 200 people. I was told we had 15,000 people tonight. Were doing mostly hangar thing because were outside. Outside is very much d
Territory and the s p down 6 points at 1656, mandy. Lets talk more about the markets. Joining us now is our guest panel. Rick santelli who loves to jump in on every single topic. Lets start with you. Youre the lucky one next to me, right . Yes. The private bank. Yes. What are you saying to the private bank clients right now about the markets . Well, actually, we still like equities. We still think that the market is fairly priced. Its not cheap like it was a number of months. Valuations are reasonable. We think on a relative basis after the pullback over the course of august things have come back to what you think is a fair price . Off 3 , 3. 5 from the highs. Even after june after the initial taper conversation, we were down about 9 . Theres still actually relative to fixed income, relative to cash, closer to asset classes, we think a reasonable place to put money to work although volatility picks up in the fall with september and the news stories, the fed meeting. The german election
Night and adjourned until april 20th with Majority Leader Mitch Mcconnell warning senators they could be called back sooner. While the unparalleled 880page measure is the largest Economic Relief bill in the u. S. History, at the epicenter of the outbreak, new York Governor Andrew Cuomo says it is not nearly enough to combat this unseen enemy. It would really be terrible for the state of new york. The 2 trillion bill, what does it mean for new york State Government . It means 3. 8 billion. 3. 8 billion sounds like a lot of money. New york city only gets 1. 3 billion from this package. That is a drop in the bucket as to need. Joining me now, wong scott. Good to have you with us. What has been the reaction to the coronavirus stimulus package that heads to the chamber . We heard Governor Cuomo saying he may call the new york delegation to congress and put appreciate on them or ask them to reconsider their vote for this. Right. I think all governors are reaching out to their members in cong