Territory, albeit slightly steve weiss, virus cases are exploding, 145,000, hospitalization new record, stayathome stocks are up, reopen stocks are down im wondering in the Bigger Picture but bringing it down to the sort of ground floor level, you just bought Delta Airlines the other day. We just talked about it. And im wondering if now youre reassessing that kind of move and whether other people should, too. Well, deltawas a position position and my portfolio is not very well balanced, its all in growth so i took a shot im not going to buy anymore here these airlines and Brad Gerstner pointed it out, theyre going to be diluted on an ongoing basis this year, next year as they seek to replace their bonds, their debt, with equity. Cramer this morning was right and ignore these covid cases at your own peril next couple of months, probably next three months are going to be very rocky from an economic standpoint as theres no appetite on the part of this administration to take any kind of st
Suit in multiple states to stop vote counting. Heres a look at where things stand that hour. In the race to the 270 electoral votes to win the white house, according to nbc, Vice President biden has 253, President Trump as 214 we continue to await results from five critical states, pennsylvania, north carolina, georgia, nevada, and michigan. President Trump Holding on to the lead it is continuing to narrow as mail ballots are being counted the pennsylvania secretary of state will have an update next hour in arizona, President Trump narrowed the gap but biden is holding on to a 68,000 vote lead were still awaiting several hundred thousand votes in maricopa county, the most populous and diverse area in the state. A new count there expected to come later tonight and in georgia, Vice President biden has significantly narrowed the gap which recently stood at about 18,000 votes and more than 60,000 votes Outstanding New numbers from democrat leaning Fulton County coming any munn a minute and
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety
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
That day . [laughter] david a few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me, but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up about 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way, too. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with 1 billion of debt as their goodbye kiss. The covenant on that debt severely limi