The flip side is the dollar has been strengthening. We will talk to rick about that in a moment. Gold moving to highs of the session although we had a lot to digest. The personal consumption figure wasnt that great. The market all across the board wobbled. We had oil close below 49 a barrel. All the asset markets adjusting. The volatility index that is about 16. 25. Spiked above 17. We have amazon under pressure, potential partnership between General Electric and baker hughes falling. We begin with fbi investigating newly found Clinton Emails. The wording is careful because there is a difference between reopening and investigating newly found emails. What i am told is that this investigation into Hillary Clinton was never administratively closed. There were Technical Details being worked on behind the scenes even though james comes said the investigation was completed. The letter sent to capitol hill today that stunned everybody doesnt say they are reopening the investigation. He says
James gorman at Morgan Stanley said it was going to be about leadership tonight. Not so much what is the fed going to do at the meeting . What can we learn from these fed chairman about their policies and how they shaped u. S. Economic policy, but their thinking and how they built and consensus with other members of the fed . Chris that will be interesting. Volcker ran into some issues with the committee at one time where some of the people were voting against him. It is extraordinarily difficult. I remember what yellen said. I asked her one time, these people are saying this about policy and this. She goes, what can i tell you . We dont always sing is a chorus the same song, the same tune. Jobhas done a pretty good given that shes only been on the job two years. She seems to be quite a strong chair. Mark it was interesting because what i heard this event was going to take place and you and i were going to be up here, the one thing of wanted to try to get your thoughts on i am more int
Tech. Later, if this man is president , what could it mean for your portfolio . A top strategist will tell you which names to buy and which will sell off as a result of a Trump Presidency, but, first, we start with the markets. Moments of truth. Were less than 24 hours away from what could be one of the most dangerous days of the year for stocks ahead of tomorrows allimportant fed meeting decision. As an investor whats the first thing you need to do tomorrow, guy . An interesting day. No question about it. Tomorrow shapes up for an interesting day. Todays sales revision gives the fed some cover not to do anything but some numbers give them every reason to hike rates as well. I have no clue whats going to happen, but what i do know is the corner that they have painted themselves in gets smaller and smaller. I think bronze rally. We talked about 2025, the s p, the potential to trade up to and it did. The bulls, the last two days its been pretty encouraging. Two days in a row where oil we
He says the fed is concocting a witches brew that is risky if they hold Interest Rates near zero for too long. In washington, a small helicopter landing on the west lawn of the capital today. One person was reportedly detained and the streets were closed. The spot where the helicopter landed is with the annual Christmas Tree is set up. Former new England Patriots player and Aaron Hernandez was found guilty of firstdegree murder. The conviction carries a sentence of life in prison without the possibility of parole. We have less than one hour until the close of trading. Lets get right to the news desk where they are looking at the action. Triple digit rally on the s p 500. Mirroring gains in europe. Mario draghi announced that he will continue quantitative easing until he sees a sustained inflation. I just spoke with jeff klein talk i just spoke with Charles Schwab and he says that it probably still in the table. When you look at oil prices, we are seeing a big rally their. Oil is the hi
Candidates would do in the next four years. If biden wins, china wins, all these other countries win. We get ripped off by everybody. Also, millions of americans have fallen below the poverty line in a matter of months. And there is no new stimulus in sight. Meanwhile, many Big Companies are booming. If you thought american inequality was bad before, you aint seen nothing yet. Ill talk to the former treasury secretary larry somers about the problem and the solution. Finally, what, if anything, did we really learn from the Amy Coney Barrett hearings . Noah feldman and emily basel are back with me to share their views. But first, heres my take. Pandemics should be the great equalizer. They affect everyone, rich or poor, black and white, urban, rural, after all, even the president of the United States contracted the virus. But covid19 has actually had the opposite effect. Early indications suggest the virus is ushering in the greatest rise in economic inequality in decades both globally a