One way to mitigate is set up 529 for theeldes for the oldest. Life changes and you can reassign the 529 plan. You can reassign th the 529 plao the younger brother. There are more considerations to talk about different i guess not so much lineage but i i am losing the word. If you try to go from child to grand child there are considerations in there. Like the gift and tax planning considerations. It is such a small subset of people with those issues. More people are trying to come up with funds to pay for college and end up taking out loans. If i remember correctly, publication 502, i believe the 529 plans are revised a bit. I forget the exact dollar. You can take out to pay for Student Loans. Is that right . You can pay for Student Loans out of it including your own. Francis was talking about transferring to another family member. One child doesnt need it and you can transfer to a family member. This is apart tha a part of thet you can transfer upwards to parent or grandparent. If you
College we need to focus on. Tom not only be Electoral College but the outcome. Divya weston gets to Election Results on the west coast tonight. There are any number of ways to slice it. My opening comment for the next 30 hours is simple. We have seen this force. This is part of america, it deeply divided america. There is nothing new about that. What is new is the social media, the cable tv concentration, the emotion in your face. It used to not be that way. Maybe we can all get comfortable by milford, New Hampshire, where they voted early, probably without tiktok or twitter. The last when its time we talked about a not so peaceful transition of power in the u. S. . We talk about possible social unrest in the u. S. I was speaking to a senior banker yesterday at one of the largest swiss banks, and he said the Trading Floor is fully prepared overnight to see whatever happens, they are prepared. It could become if there is a big surprise, it could be see extra so we will market checks to
North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
To suck it up and concede the election. Well get reaction. Well hear from captain america, steve rogers is in the house. On how freedom isnt free all that and more on making money. Another. Charles another intriguing session, with tension in the air, financial media. Certainly not maxed for the market, right . You think about the socalled fear gauge, the vix for instance. It is coming down but you dont sense that, do you . Heres the thing, Goldman Sachs, their chief equity analysts look out for the roaring 20s, 2020s. Famed Hedge Fund Manager bill ackman betting against the market. We have gary kaltbaum, phil blancato, we have joanne feeney. Barry, whose side are you on here, who has it right, Goldman Sachs or bill ackman . Im still trying to figure out todays action, let alone the 2020s. Let me say this, i will give us a little bit of a negative, i wonder in the next year or so finally what Central Banks are doing is up and the markets finally, you know, give it the little repercussio