Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Caterpillar. And thats no bulldozer. And Professor Mike khouw is this is an interesting situation. Is running through duelling option exercises on how to play nike going into next weeks earnings. If you already own the stock or not, you can just do it. Its time to risk less and make more options action starts right now. Welcome. I love doing this show, but ive got to take an issue with that deepvoiced guy. He says barrel of cheeseballs like its a bad thing. Really come on. Well, it has been a maybe not bad but tougher year for the consumer space the xlp Consumer Staples is up but just over 1 so its underperforming the Broader Market carter worth, a man who maybe has seen a barrel of cheese balls in his day, says there could be an even Bigger Consumer crackdown ahead. Carter, what are the charts telling you . A bunch of things going on. One thing to consider is that the dollar, which has been very, very weak, has started to stabilize. Second only to technology, the staples sector is dep
Note investors, of course, closely monitoring the condition of the president and also keeping a close eye on any progress and stimulus talks we are, as well. Not to mention there is fallout, as well, regarding covid shares of cina world tumbling. The second largest movie chain Regal Cinemas suspending operations at all locations, carl jim, the headline still crossing from meadows talking to fox earlier today saying the president is committed to getting an aid bill done wants to move expeditiously but also be fiscally responsible thats certainly where the markets focus is going to be o today. The fact that the president wants to give state aid, that matters. Speaker pelosi wants to do a deal some urgency coming to it. So, the talks this morning i bet will be productive and i think thats very exciting for the market does it matter to you if its piece meal a little bit for airlines or Something Else or do you still crave something comprehensive is. As long as theres something for states,
Storm threatening the gulf coast. And on the campaign trail, Vice President pence and Kamala Harris facing off in their first and only debate, the highlights next on this thursday, october 8, and this is worldwide exchange. Who is playing asia . Yes, spin eoff. They always surprise me with the music. I would fall from grace anyway, good morning, good ev afternoon. Welcome from wherever in the world that you are watching. Thanks for joining us. And weve almost made it, folks. Stock markets may make you money today. The dow coming off its best day since midjuly with a more than 500 point gain on the dow. The s p and nasdaq also coming off more than 1 gains and other good signs it is the transports gaining another 2. 5 yesterday, an alltime record high and overall, the dow is less than 5 from its alltime high, s p about 6 to go and nasdaq also about 6 from its record high as we claw back from those market declines a couple months ago. Around the world, stocks in asia hitting one month hig
White house whether the president sticks to that. A lot of people think the president is throwing out a negotiating ploy here. Im taking at his word likes he doesnt want to do it virtually. I dont know what the alternative can be and next debate further back. What are you hearing . Reporter keep in mind, neil, this all happened very quick. The commission on president ial debates this morning said the next president ial debate would be virtual. Moments later President Trump appeared on Maria Bartiromos show, no, no, he will not be involved in that at all. The campaign clearly took the cue from the president they then put out a statement saying instead the president will hold a rally that evening. Joe bidens campaign has just come out and said instead on that evening biden will speak and take questions from voters as the debate was supposed to be a town hallstyle format. Here were first reactions from President Trump and joe biden this morning. Watch. President trump no, i dont want to d