Which are cosponsoring this event, i am delighted to welcome all of you here today to our first exclusively virtual preview of the Upcoming Supreme Court term. Whether you are watching over zoom, youtube, facebook, twitter, or our webpage, we are delighted to have you with us. We are recording this, as is may findo you yourself on cspan at some point in the future. We dont know when. To aspectse we turn of the upcoming term, i want to say a few words about Justice Ruth Bader ginsburg, who died two weeks ago. I first met Justice Ginsburg 37 judgeago, when i was a there. Judges are randomly assigned to the courts of appeals, and my boss, judge scalia, was on a panel. Justice ginsburg was an extra ordinary woman, and extra ordinary justice, an extraordinary lawyer, and an extra ordinary american. I would like to ask for a brief moment of silence in her honor. Let me introduce our moderator and turn it over to him to introduce our panel and get the discussion underway. Robert barnes got hi
Whether you are watching over zoom, youtube, facebook, twitter, or our webpage, we are delighted to have you with us. We are recording this, as is cspan, so you may find yourself on cspan at some point in the future. We dont know when. Before we turn to aspects of the upcoming term, i want to say a few words about Justice Ruth Bader ginsburg, who died two weeks ago. I first met Justice Ginsburg 37 years ago, when i was a judge there. Judges are randomly assigned to the courts of appeals, and my boss, judge scalia, was on a panel. Justice ginsburg was an extra ordinary woman, and extra ordinary justice, an extraordinary lawyer, and an extra ordinary american. I would like to ask for a brief moment of silence in her honor. Let me introduce our moderator and turn it over to him to introduce our panel and get the discussion underway. Robert barnes got his bachelors degree in journalism from the university of florida. He has been a Washington Post reporter since 1987. He joined the paper to
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
Plus tiktok continues to tick in the u. S President Trump gives his blessing to oracle and walmart buying a 20 stake and shares of electric truck maker nikola tumbling after a firm accused the company of making, quote, an ocean of lies. Jim, theres going to be a lot to process, not just today but all week long. We have 14 fed speakers during the course of the week and powell three times well, look, powell is on the side of those who believe you should be a buyer. Its pretty clear that powell does not want things to collapse a stimulus dealdeal that seems like a thing of the past were down off of something no one understands. Maybe uk lockdown. Thats not us. Maybe madrid lockdown not us this banking story so emamorfs in other words, what im saying is weve been down for three straight weeks, carl the big faang stocks are down double digit this is when you start thinking maybe there is something to buy. Its been so bad for so long and everyone is watching and these things are really going
Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track