Laura okay, you are too cool sean unless im forced to in social situations where i have to wear my best. Ive worn jeans when i interviewed President Trump, even. Laura fine, you are cooler than i am. Nice color coordination. All right, see you tomorrow night. Im laura ingraham, this is the Ingraham Angle from washington. Wegh are going to do things a little bit differently tonight. Now, the angle is not coming until a little later in the show, but everything we discussed will build to it, and you are going to see what we mean. Now along the way, youre going to hear from ric grenell, steve scalise, Dinesh Dsouza, on the left poisonous tactics to muzzle and target conservatives. Were also going going to dive into the controversy fitting main street against wall street, ng how it could change investing forever. But first, last night, we told you about a bizarre dhs Bulletin Warning of supposed threats from what they described as violent domestic extremists, vde. Of course, these extremist
Joe biden says hes feeling good. Higher. Looks to be texas, florida, and arizona are among the states reporting big numbers with no signs of disturbances so far. And the other major story today, groups in hong kong and shanghai demanding capital control, throwing jack mas empire into turmoil. But, of course, there is one story it is the u. S. Election. Election day coming to a close in the u. S. Some of the polls closing and the key battleground states and over the next hour or so and starting to see whether the ballot shows a shift to what the markets have really been pricing in, which is that strong blue wave. Take a look how we are setting up after the u. S. Had the biggest twoday rally and since september led by financials and bank shares, treasury yields. On anticipating that as soon as the election is Done Congress will deliver a spending bill. Shery, a lot of the action going to be in currencies. Shery definitely chinese yunaa, one to watch. We are watching the Immediate Reactio
Consumer confidence relatively judge the michigan consumers intimate data is a good guide. Lets break it down a different way. Current conditions, 85. 9. That is above expectations at 84. 9. This is what i was really looking for, expectations also ,oming in ahead of expectations but they are still below current conditions, 79. 2. They are not going down, which ethic is the really important thing, as we see the virus picking up. Alix and we didnt get stimulus, counterintuitive to what many thought would happen. Big tex stocks are lower on a stocks big tech are lower on a flurry of data. Now with us, mark st oeckle. Are you buying the dip . Tok i think people need keep it in perspective. The reports were good. I think what we are seeing today is skimming a little but of the froth out of the valuation adjustment. I think they are all very wellpositioned and very well performing companies, but lets also not forget weve had a big run up into these numbers. The interesting part is you look a
Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United States of course. But there is also a holiday going on in china, very different kind of holiday, made up of a shopping a made up shopping holiday i should say called single
First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather