60,000 new cases in a single day for the first time oil is holding 40, gold topping 1800 for the First Time Since 2011 david, it was a quiet calendar already going into this week, but it does seem like today in terms of looking for inputs traders are really on their own this morning they are. I mean, you know, the only calendar, carl, that really seems to be getting busy and staying busy is the ipo calendar which we should mention as well just because it is some sort of reflection of demand in certain parts of this market the latest of course Rocket Mortgage, thats going to be an enormous ipo, we can talk a bit about that later if you want other than that not that much to key off of clearly, mike, this is not a market that seems to be particularly concerned in terms of keying off of the rising cases of covid that were seeing around the country and the reversal of reopenings, the slowdown in business, certainly in travel, leisure, restaurants, that is resulting from the rising caseload.
The answer is not for a long time even the greatest optimists think a mass vaccine in the middle of 2021 maybe something smaller this fall the idea of something that is just given to you in the hospital iv that makes it so it eliminates the lets say the odds of you dying, its something that makes us feel like maybe this is the tamiflu for this dreaded disease i think, of course that makes people feel more optimistic. Everybody wants the country open, but nobody wants to do its been that stark, that bipolar. How about we get it open versus getting really sick. Thats something that people will say open it up, thats why the market is flying its not the tamiflu, its for when you are already fairly sick its very important i dont want to discount it in any way, listening to Scott Gottlieb has been one of the more rational voices on this throughout. He frames it properly. We actually do still need those antivirals that would be taken earlier in the course of the disease to mitigate its effect
Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting a bit spicier as we get to year end yes this would be a
Im sara eisen. Im wilbur frost. Were paying homage to beyonce. She officially has the most vmas beating out the other songs. Lets check in on the gloeblg markets this morning. Coming off of the down week for u. S. Stocks. All three averages closing lower. Bulls rattled on friday by talk of Interest Rate hikes out of jackson hole. From janet yellen and Stanley Fischer. Futures under a bit of pressure. Not doing a lot this morning. Down 1. S p up. 01. Nasdaq futures down 1. Friday was a big day. We did break out of some of the ranges. That includes the tenyear treasury note. Yields shot up on friday over the 1. 60 level. Multiweek highs there. After that yield for the twoyear yield which is closely tied to a fedex increase. She said the case is strengthening for a rate hike. Fischer clarified in remarks that means september is on the table. Twoyear rate hikes is on showing a slight hawkish overall tone from janet yellen. Lets look at european trade. London is closed. Its the august bank
Kind of crap o the happen. He rails against the rnc. Do you think that they want you to get the nomination . No, i dont. You feel for a long time how do you make the arguments for the guy that gets the most votes. Only picking the person and thats the the primary. Count me out. We need a Political Revolution and stand off. In mississippi a floor collapsing during a downpour and under the threat of thunderstorms and hail. The congress is asking for money to combat the zika virus and its a bigger threat. People have the privacy and equality. Theyre walking off the job. Nearly 40,000 workers. Long beach security was called in. I make 40 million a year. We can with only take one pet. Which pet . The cat you id iot. They required us to register a year ago. Maybe they dont want to tell their father that theyre feeling the burn. President obama is allowed to see the game of throwns. Its like what it is to have in sane people compete for leadership. This is brought to you by toyota. Lets go pl