Been able to be released the Panama Papers would never be able to be released the idea that you cant share hacked or leaks documents unless there are any can be sent out of its with the hacker or someone working with the well what was what was Edward Snowden right he was someone who took leaked and not just leaked when he was the leaker took those documents and present presented them to news organizations who then shared them and said hey the n. S. A. Is spying on the entire country Edward Snowden would not be able to have his information out on twitter or by the way twitters not the only company that does this google also has a policy where they say that if you put anything up thats been hacked or leads theyll remove you from you tube your channel will be canceled so its a very strange policy to put into place and as a journalist i think its very chilling because journalists have to use documents that are leaked or taken at times we know we can leaks is on this is well has documents j
Manufacturing index hitting its best level since november 2018 but tech stocks as we mentioned lagging. The nasdaq is in the med as apple, amazon, microsoft all trade lower 59 minutes left in the session. Back off the lows. Coming up on todays show, ever corps founder roger altman on how the outcome of the election could affect your machine. Plus mond leez and paypal report earnings after the bell we will bring you all of those nbc first on cnbc with mond leezs ceo as soon as those numbers come out. We start off the month of november with gains after a down ep to october. Bob pisani is tracking some of the action. It is turning out to be a fairly simple narrative to understand today that is investors are choosing stimulus over stayathome plays. Let me show you what i mean. There is a belief there ises going to be very gig stimulus coming somewhere down the road again. Thats taken hold here look at the s p 500, up. Wait look at the small caps, up almost twice as much generally the bep y
Would of had you not gotten involved as much as the post has complained about that if you looked at any of their coverage in the last 24 to 48 hours its been all about how theyve been wrong so i think theyre doing pretty well over it as well now you mentioned that twitter says the report violated its policy on hack materials but friday the company stated that it will quote no longer remove hack content unless it is directly shared by hackers or those acting in concert with them and will add contextual labels to tweets with links to such material instead of blocking them entirely now is that a step in the right direction or is that kind of go in the same line of with what facebook has done which is still really. Messing up the distribution of those content. Well i dont think it goes in the right direction but i dont understand it as a journalist i would say that its very disturbing when a tech company says that we will block we have a policy against hacked materials why do you the polic
Their own stock and the executives around these Companies Say remember if you have options on your stock and the stock and you know guarantee theres no risk the stocks will hire the options can go from a 1. 00 to 100. 00 or 300. 00 so an executive can make 50 100200000000. 00 us what we have so many billionaires in america is by playing this game of guaranteed upside by money printing and owning the options on your own stock and so if you strip out those numbers you would have markets that are a lot lower youd have a lot more parity between classes in america you would have the wealth and income gap you wouldnt have the social unrest and you wouldnt have a lot of all these other problems so its very stark very plain to see for those who want to say hey were going to show you some charts to show you visibly how big it is but in terms of kind of a lean duck president coming in biden whos. You know very very old and doesnt have the senate and his leader says majority and the Congress Memb
Theres some interesting things in the Options Market that could keep the market down for a bit of time. I do think people are underestimating, a, youve got a good economy with a tremendous amount of stimulus coming in and i think that will continue to drive the market higher. Plus youve got a dynamic where the fed has made much of the fixed income market on investable with treasury and mortgages where they are today, when you take the earnings yield well into the 4 off next years earnings that is a pretty attractive asset class and i think it will propel the market higher so election uncertainty doesnt matter much in the near term stimulus talks, negotiations may not. How does that factor in . Its a big call that you make. Youre the one that suggests in our notes today that it mossably could happen or at least start before the election. Yeah. I mean, so listen, the election the election does matter i think what people have started to realize, since the last time i was on your show weve