Speaker pelosi remains optimistic about a preelection aid package. I dont know talks are continuing today not sure how Mitch Mcconnell feels about all that yeah, we got meadows on the tape too making some comments about that well get to that in a bit, guys lets start with snap. Hard to start anywhere else as they crush the estimates, revenue up 50. Rbc this morning says the growth looks less like a v and more look a check mark. And i saw you gave evan spiegel shoutouts on twitter last night. I had to. Doesnt have a lot of followers. Didnt bounce it back to me. Unlike there is some people who get right involved like one of my guests today. One thing i found that was spectacular was when i first started the street, we had a guy from advertising, he said, look, the holy grail is to get someone to start using colgate when theyre 16 snap augmented reality is all about reaching that age before they decide, you any, look, it is going to be old spice or going to be whatever, i dont know, churc
Give up by mega cap growth and shift into value, wasnt i that was the strategy being communicated over the last five days i dismissed that last week mega cap growth is where investors should be. You should not be selling your oldin holdings and reinvesting in the lagards. This is where youre going to see the continued Revenue Growth, this is where youre going to see the correlation from work from home, stay at home and this is where moving forward youll find your best retur returns. Kevin oleary, hes right, isnt he every time says big caps are tired, its time to rotate, they come roaring back and theyre doing it this month or doing it right now. Joes right about mega cap but not right about growth in apple. The reason apple is owned by everyone everyone, and i mean everyone, number one, its a play on 5g, no question about that number two, youre making the assumption when you own it, even though youre not being we regarded by r rewarded by Revenue Growth, its going to keep growing but i
Joe, its these mnuchin headlines getting something done in terms of stimulus by the election, he says, is tough. That caused a bit more of a selloff in stocks and it underscores why the nasdaq continues to have a bit under it yes, it does clearly and youre also seeing a little bit of a fallback in yield, scott. The tenyear is pushing back towards 70 basis points, somewhat troubling, i would think the market needs a little bit of some of the Forward Momentum that its been carrying in the last week or so to really cool off a little. I think we were getting a little too vertical in the way we were appreciating so the negative news that youre getting on the stimulus aligns with maybe a much needed little bit of pause in that rate of appreciation im not overly concerned by it. Yeah, rates are falling you see it there 71 basis points is where we are on the tenyear, an issue to deal with, tiffany, or perhaps the message in the fall. Everything is coming down on the mnuchin comments but its mo
Day event. Our new betting week close there, never to be seen again, perhaps . Barstool sports has put Penn National gaming stocks firmly in the lead, but nearly a month after its recordbreaking rollout, whats the next may for Penn National gaming whose stock surged 153 year to date . Penn national Ceo Jay Snowden is here in a fox buzz exclusive. Plus business exclusive. Plus, weve got the woman who traded Silicon Valley for the heartland and now has her homegrown products flying off amazons digital shelves. But first, we begin with a fox business alert here. Investors are pulling back the reins on workhorse at this hour after it gallopedded ahead at the opening. Take a look at the utility maker. It secured about 200 million in funding from institutional lenders in the form of senior secured convertible notes due in 2024. So you can see where we opened, above 30 a share. Right now were at 27. 05. So really pulling back, and possibly just getting to the flatline from where it closed on
After the election we start off with the stimulus shocker that sank stocks melissa, the president announced this on twitter saying that he had made a generous offer, but that House Speaker nancy pelosi was not negotiating in good faith. He wrote trump had a call with the treasury secretary and the Top Republicans in the house and senate to talk about another relief package mnuchin and pelosi were to get on the phone to hash out a deal, but clearly that has been upended. Pelosi was in the middle of a call with her caucus when it came out i am told that privately she responded by questioning the president S Mental Health and suggested that it may be impairing his thinking what she said was melissa, pelosi and ma knnuchind a phone call at 3 30 was there any indication she what give in i dont think she was willing to do that a shocker out of d. C. This afternoon. That had an Immediate Impact on stocks which saw stocks immediately reversed i think brian was the only guy on the desk who said