Leventhal and liz young. Liz, is this all about stimulus or are were genuinely concerned about these cases were seeing in europe . And, by the way, were doing a lot of cases here every day, too. I dont think its all about stimulus but were in the middle of a really heavyweight news cycle and its not allowing us to look out any further than about 30 days at a time. Ultimately in 30 days time the market is lower than today just on monday the s p was up 5 month to date. That didnt make common sense. Were in the middle of a highly c contentious market season and were still waiting for stimulus in the short term i think we should see a pull back here but in the longer term and even in the next three to four months, some of the fear around a blue wave has been a little overblown and the market has to weigh the two sides. On one side we might see higher tax ees and stronger regulation and on the other side some of the tariffs may be rolled back as an investor, even if we have a pullback in th
Terrifying early days and with it a reason to be hopeful. And President Trump saying nope to the virtual debate he wants to get back on the road it is friday, october 9, and this is Worldwide Exchange right here on cnbc everybodys working for the weekend especially wants a new romance with all due respect to lover boy, no, we are not. Lets all agree, you and i, im looking at you, it is 5 00 and were not working on the weekend, were going to rest and im going to sleep all weekend good morning, good afternoon, good evening and welcome happy friday, even im Brian Sullivan lets kick it off with stock futures because they are higher. Dow futures up 96 points, the major averages all coming off their third positive session in the last four. And the dow quietly on track for its best week since early august and file this under you cant keep a good market down. The dow transports higher once again yesterday hitting yet another record high, that index up more than 4 since monday trucks and trains
I think what weve got is a range. I dont think its anything really terrific, and i dont think its anything bad. One of my favorite technicians, larry williams, who was the dean when i was in diapers, he was doing great stuff, weve been going back and forth about the notion, look, until we get closer to action, hes usually an october 20th buy. I mention because neither one of us thinks theres anything catastrophic ahead but neither one of us is excited if you are excited, if you think we will return to the days when stocks only go up, you will be disappointed, scott. I just think what were seeing with the teslas is emblematic if you get too excited. One of the central questions whether tech has gone down enough relative to how much it ran up i bring that up, you look at the faangs, month to date microsoft down amazon, facebook down 11, 12 and 13 1 2 here is what mike wilson told us from Morgan Stanley thinking tech could have a ways to go before its done all right, well, we dont have th
They missed estimates by a wide margin the expectation was for over 800,000. And tech stocks are broadly underperforming to day, unwinding yesterdays gains. Amazon, apple, facebook, and microsoft all heading lower. 59 minutes after the session and were down 2 for those names. Power play. Pete . 5 for the s p 500 lets get to the president s diagnosis and impact it could have on a broad range of issues. Were looking at the potential impact on stimulus talks meg has the details on testing at the white house mike santoli tracking what it means for the market lets begin with what we know surrounding the president at this hour. Yeah. What we know is this diagnosis is now upended the president ial campaign a month out from election day the president s Campaign Team put out a statement earlier today saying that all previously scheduled events that involved the president of the United States have now been canceled. What theyre saying is that theyre going to maybe temporarily postpone some of th
Hi this is max kaiser this is kaiser report summer solution home i guess me just sort of all out there in this series now today recovering the deed dollars agent big global ization what comes next with investment manager Lawrence Parr lawrence welcome welcome thanks so much of stacy for having me appreciate it so lawrence i guess you know obviously we ended july hitting new all time highs in gold silver is also on a tear its quite a ways from its all time high however and what i want to ask is really how much this economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is so good to keep the system rolling obviously thats why they put it in place. Of course is whats the underlying value of the money. You know that money is in the process of dying and i think thats what were all observing very notably its reflected in gold and silver prices right you know you say they can print all the money