Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that are more likely to put retire clorox ceo than i am to put a departing Ceo Jim Hackett on the wall of shame. They
Breaking single day death records. The u. S. Economy shrank at a 32. 9 annual rate in the april, june quarter, the worst quarterly plunge ever. The Labor Department says 1. 43 million americans filed jobless claims last week. Its the second straight week new unemployment claims have risen. Lawmakers are still at odds over another stimulus bill with added Unemployment Benefits expiring tomorrow. Talks are actually going backwards, not forwards, two months after democrats agreed on their plan, republicans still cant seem to agree on what they want. Trevor guys, i dont want to overreact but im starting to worry that trump is not going to make America Great again and i think i could see what the problem is here, guys. See, the economy is cratesserring. But the covid deaths are rising. So clearly what America Needs to do here is just switch the titles on these two charts. See . Now the economy is up, and covid is down. Everything is fine. You know one of the most de pressing aspects of this
To be. Just you wait. [engine revving] yes here it comes. Ladies and gentlemen. A fully edible acura cake [cheering] wow acura . But i wanted a ferrari we did the best we could. There was a problem. Acuras are really nice. Its not the car i wanted the whole party is ruined it doesnt matter. Your guests are having fun. They dont care. Its not about them its all about me wow, what a jerk. Come on, helen. Lets just go back to hell. Im suddenly not so hungry for acura cake. Oh, god whats happened to me . Ive never been this terrible before. By trying to have a party like those spoiled rich teenage girls on mtv, ive become like one of them. Satan, dont be so hard on yourself. Youre not as bad as they are. But i am. Throwing people out, making a big entrance, having these stupid pictures of me all over. Halloween is supposed to be for everyone. Everybody, im sorry. This party is for you. Its for all of you who make my life so special. If i dont realize that, then im no better than a rich Ame
Lamb weston, that was one of our stocks of the hour. Down 11 . I dont know what is going on over there in the 209. Taylor i am never going to live that down. That is good to know. On a more serious note, some of the industrial companies, 5757. R at a spot intraday basis down to about 31 basis points or so. Keyink 54 will be the next resistance level. The flight to quality we have seen, given the fed and some of the weakness we have seen in earnings. Shawne still with us, matthews. It is earnings season and we are getting into it with some of those large mega cap Tech Companies. There is high expectation but also a general sense that given their size, given their market dominance, they really cannot lose. They will have the Revenue Growth and have Margin Expansion there is really not a reason to be afraid of what they will say or report. Do you buy into the i guess teflon nature of some of these names . I think it can last for a while. If you look to the nifty 50, that lasted for quite
Integrated device with connectivity built right in dramatically increases the chances that learning is available from anywhere. I think if theres a Silver Lining with covid, its classes like this one. Reporter with classes starting next monday, the Oakland Unified School district is is looking for laptops for 2,000 students. They ordered 2500 laptops in june but theyre not ready yet so students will receive the computers they got last spring. Were going to be using our own devices that are delegated for schools in order to meet the gap. And once the devices came in, well be swapping out. Reporter stateunding to strn Distance Learning. Apple and tmobile say the cost to a School District for an ipad and Internet Service is 580 per student per year, including tech support. Were going to have teams that are dedicated to each one of your districts. If you need anything or have students that need to stay connected or are having issues, were going to be there for you. The Companies Say they c