Two side by side comparing their policies and personalities. We have a live preview. Plus we hear from the Trump Campaign. All that and so much more on making money. Charles all right, so after a couple of strong sessions the market settling back, lets call it a more anxious posture if you will. Despite the bounce, most key technical hurdles they were not cleared on the upside. Then unknowns from exogenous forces. Theyre all still in place. The stimulus questions out there, politics, of course and the coronavirus. Now beyond those issues there are traditional inputs into the market, things that normally move it like earnings and valuations. How to balance the two in an environment that has most stocks substantially lower for the year . Will we see this really change . How does this needle move and how do you make money . Here to help with these answers bny mellon chief strategist alicia levine. We have Payne Capital group, which im not affiliated. Ryan payne. Alicia, just how critical
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
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Portraying hysteria and shortage of stock creating a state of positive feedback yeah theres a shortage of stuff perceived shortage and people get you know black friday they rush the stores and they get into a fist fights and brawls and its like an american thing and amazingly its like migrated to the rest of the world even though these other countries dont have to its giving even though that they dont have these big box discounters they still like to go to the store and beat each other up because they figure thats like being an american they get a hamburger from mcdonalds you beat each other up on black friday and hes saying the National Anthem i mean america is the culture that people love and were going to get into this comparing this to robin hood app traders but you know i want to show you what i bought in black friday and that was a mini max it did sit on the shelf for quite a while but most people didnt realize many macs actually stood in for you for a few episodes during lockdow
I am max kaiser this is the kaiser report the best show rated recently by show ratings amount of us as the best show in the world welcome stacy is that when i hear twitter accounts that you created. I get it well you know what the theme of this episode of kaiser report is you know those black friday shopping stampedes and shopping riots that everybody looks forward to the 1st friday after thanksgiving where people go and beat each other up in order to get a discount on a flat Screen Television or actually some sort of useless item that they dont need this started this trend started they say in 2005 according to the wikipedia black friday has routinely been the busiest shopping day of the year in the United States since 2005 all the news reports which at that time were inaccurate have described as the busiest shopping day of the year for a much longer period of time similar stories resurface year upon year at this time portraying hysteria and shortage of stop creating a state of positiv