S p 1. 5 and the best quarter since 1998 and nasdaq gained 1. 87 and looked fast tas tic fc my own point of view were the stocks with a lot of ingenuity and a lot of great luck. Many were stocks that bounced back from the march meltdown thanks to the 2. 2 millitrillion stimulus package these compapanies got lucky. The government intervened and worth a lot more money but it didnt take any ingenuity for carnival to rebound from the lows they were saved by the fed no, i want to talk about companies that have shown they can survive and thrive during this pandemic so no signs of abating in the u. S if anything, its getting worse. The pandemic is gets work because millions of people refuse to take the virus seriously. They wouldnt wear the mask. They even subjected to some of the guys on capitol hill today they wouldnted a ve ed ed edal distancing guidelines so there are breakouts in the south and west first, sometimes you got to go with the obvious zoom video there were many other outfits t
We were up 1,000 points on the d dow. The s p 500, 3202. Nearly 3 there. Theres the nasdaq 9817 200 points to the upside josh brown, the dow is now 50 higher than it was its up 50 from march 23rd intraday lows its remarkable. It really is. I think the story here, and aye be ive been hammering thanksgiving is broad participation. Every sector youll see the Smaller Companies out pacing the larger ones. Very big story this week is Small Cap Value which had been absolutely left for dead made a 30 recovery in the last month. I think the bottom may have been when baa rrons called into queso whether dimensional funds would be a fund giant for much longer given thats one of the factors they weighed toward. Small value up 13 this week we talked yesterday about the equal weight nasdaq being twice as good as the nasdaq on the week you can find that all across the board. I think its so important. If you want people to really buy in to this recovery then it couldnt just be amazon, microsoft pushing
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyre expanding their balance sheet. Low inflation around the world the need for capital to go where it gets rewarded and seek yield. All of these things, you throw them into the mixing bowl. Once again, all three of the major averages higher. Only slightly higher, but anything positive is
Getting hit. Hi, eamon. Yeah, as of this moment, the feel iing in the building is th they are still tracking and expecting some kind of response from the president to the chinese tariff escalation of this morning which happen nd the premarket hours. Now aides are telling me they dont know what the president is going to do here they dont know when hes going to do it and they dont know what the format is going to be are we going to get a tweet from the president this afternoon see him behind a lectern here at the white house . A piece of paper from the press office no real planning for what thats going to look like but the expectation a is that the president is going to respond. We know the meeting with the president s team has wrapped up now and you can take a look at policy advisers who were in the room with the president as they talked about all this. Mnuchin, larry kudlow then Robert Lighthizer and Peter Navarro on the trade team specifically all in the room with the president for a
For the currency. We have seen a number of effects on the u. S. Dollar, the japanese yen, etc. , but were compensating in our numbers. And cleaning up the mess. Jpmorgans close to a deal to settle u. S. Related problems. The bank could still face more legal woes. The edf is going to clean up the fukushima plant in japan. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Hello. Warm welcome to the start of Worldwide Exchange for the week. Plenty to get through on todays show as ever. Finally, it is u. S. Jobs tuesday this week, but how should investors expect the bull market to go. The treasuries well talk about at 10 20 c. T. The weaker than expected numbers dont really move the needle. Well discuss that as we look at japanese exports at 10 30. As the new department gets set to protect data, well ask whether twitter and google are right to get concerned. Thats 10 45 c. E. T. Plus, its being billed as the biggest auction ever. Well hear from a