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,
World. Good morning, everyone im david asman and for stuart entere. A second virus wave in your, that continues to weigh on investors minds today but there are hopeful signs as you can see green on the screen, meanwhile big tech is trading in the green, amazon is seeing the biggest premarket pop, they just got an upgrade from bernstein to outperform maintaining the 3400 price target, amazing, battery day for tesla which continues to plow ahead, its awful little bit and premarket activity but elon musk say we will see the new product announced until a serious highvolume, until 2022, thats when the new battery will be coming out, the market is waiting on that, and politics versus the Supreme Court, still in focus, trump met with Amy Coney Barrett on monday, multiple sources telling fox news that she is the front runner to succeed Justice Ginsburg. Senate judiciary chairman telling Lindsey Graham and sean hannity that republicans have enough votes to confirm a replacement, today we hear f
Trading here. What is really interesting is the sentiment on the floor, right . Ive been coming down here for the last three weeks. Weve seen very, very extreme swings daily and traders right now are basically desensitized to what theyre hearing and what theyre seeing and these big movements in the market. It is not to say theyre not worried about it, and theyre not worried what will come out of wall street. The question, and the point they make to me, this virus needs to get to the point where it peaks and starts to trail off. That is where the markets calm down. Not until then will we see volatility subside a little bit. You see the Market Selling off 1000 points today. The point made in the previous show. There was a lot of hope yesterday that washington would come up with some sort of a stimulus solution. Right now, folks are kind of scratching their heads, wondering whatever they come up with, if it will be enough. Were watching the dow down 1052 right now. The the biggest dow dra
Uncertainty about the virus itself and what the impact could be. In terms of the stimulus package, that is certainly psychological. The fact that President Trump did not offer this plan he said he what is disappointing for the markets because anything can help. It is hard to know if the stimulus will help. We have little more than a thousand cases in the u. S. If that is the case, the stimulus would be very different than if it balloons to a higher number. The impact is hard to know how much stimulus is actually needed. David we had the bank of england and the u. K. Canceler ship the u. K. Chancellorship come out with a plan. To the markets like that better than what is going on in the United States . Abigail to some degree because you had european stocks slightly higher. The fact you have this coordinated effort from the u. K. , europe, italy now that they are under lockdown, really seets to these officials that there needs to be some sort fightrreaching support to off the possible Ec
Should he be out and you been following and then you also have them scheduled to testify on october 30th in front of congress to talk about the progress on the 737 max plane and we know that today this afternoon, the star got hit because european regulators said they and that the earliest they would consider putting the 737 planes back in the air will be january. Nus southwest air canada that both said they remove the planes from their schedule until february. So the timeline keeps getting pushed and the Company Keeps getting up with negative, headlines. In staying that you had major firms that downgraded the price targets in the low 300 range, a lot of negativity right now. However, the longterm, consistent that im staying is boeing and airbus, could be potential for growth if your stockholder only in the long term. All of this terrible news, the stock is actually still up yeartodate. The jury is still out of this, these techs and these messages look bad. Fraud and deception is the fa