The nasdaq hitting a new record high and amazon shares crossing 3,000 bucks a piece for the first time ever. Shannon, well start with you on this one what the you make of the rally is it legit and why is it happening now given everything we know negatively about the coronavirus virus . Were just continuing to see investors look at the sentiment thats coming out of the surveys and anticipating this continued v shape recovery we have seen the v shape recovery in the stocks already were anticipating a v shape recovery in the economy. I think that really rests on the fact that despite the fact were seeing this pick up in cases, theres not a widespread expectation that we go back to the lockdown that we saw in march and april. They really anchor themselves to the most recent period which was a very difficult period from an economic standpoint. Investors are continuing to look forward. They are continuing to see the Second Quarter being the earnings trough from this particular recession look
Live and we will get to audience questions with the governor before we wrap up the conversation. We also want to hear from you watching on politico. Com. What we are asking is what should congress be doing to respond to National Unrest and protests against Racial Injustice and why. You can type your answer on politico. Com. At the end of our interview, we will check out your responses. Before the governor joins us again, i want to talk about a few things we are watching this week. Number one is a state of Police Reform. That we couldint be surprised in the coming weeks and months, that Police Reform could pick up some momentum. His hopeful signs from republicans who believe congress should ban choke holds. They should be fun statutes that allow cops to escape liability liability limitations, in other words, and frankly, i think a lot of politicians right now have reached a moment where they believe there has been a National Reckoning on Police Violence and racially targeted Police Viol
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
And we will get to some questions before we wrap up the conversation. Jake the question we are asking is what should congress be doing to respond to the National Unrest and ongoing protest against racial injustice, and why. You can type your answer in the box under the livestream at politico. Com. At the end of the interview we will check out your responses. We will talk about a few things we are watching this week, and number one is the state of Police Reform. We made the point this morning that we could be surprised in the next coming weeks and months that Police Reform could pick up momentum. There are hopeful signs from republicans who believe that congress should ban chokehold, and beef up statutes that allow for to escape liability some of their actions on the beat and force. Frankly, i think a lot of politicians right now have reached a moment where they believe that there has been a National Reckoning on Police Violence and racially targeted Police Violence. I think it will be
That were thought to benefit if we have a slow and healthy unwinding of all of this but dont be surprised if these weigh on the markets because in the sixblock area of a beautiful city its unsiege as occupy seattle if you will, dan springer knows it well, he hes been reporting better than anyone else, dan its a tough position for the mayor to be in, the police chief to be in because they dont seem to be on the same page and id imagine people who live and work in the area but how are things going today . Well neil, this is bizarre and concerning and yesterday the mayor had her first News Conference since this began monday night and she basically said she doesnt know how this is going to end and she likened the people inside to a gay pride festival and she said afterwards she was asked by cnn how this is going to end and she said who knows we could be in for the summer of love but let me take you behind me to one of these barricaded entrances that theres six of them and look at this guy.