Liz let me be clear, hes right, the fed moves the markets. Stocks thank you, charles are stinking, are sinking think kind of are stinking [laughter] as big tech selling of apple, amazon, facebook offsets j js vaccine, theyre not able to lift up this market. The dow looking at its fourth losing day in five. We are down 465 points, low of the session down 475 or so, so were just about there. S p is losing 66, the nasdaq hitting a new correction low, down 291 points. The nations top pandemic fighters from the fda to the cdc and more testifying on capitol hill just one day after american depths from the coronavirus deaths from the coronavirus trooped 200,000 topped 200,000. Well take you to d. C. For all the drama. Meanwhile, one tech company that helps americans get cheaper Prescription Drugs making its debut on wall street just hours ago. The coceo of good rx is here for his instant to his stocks day one pop and what he can promise, he says, without any help from washington d. C. And a p
This second half rally continue . Then a stimulus stalemate the latest from washington as both pelosi and mnuchin talk covid relief. And later its been one of the biggest winners of the pandemic, why peloton is getting a new street high price target over at jpmorgan its actually not a bad place to start right there, guys, because for the second day in a row, david, we have had some analysts raising targets even on names that they maintain at neutral, today its b of a which yesterday kept apple at a neutral, they upped their target acknowledging moment tim today they do the same thing with tesla, this Equity Funding will fulfill growth and their price objective goes to 500 plus yeah. Listen, every day brings more things that for me are reminiscent of the late 90s its hard to avoid it. I made some comparisons yesterday, many High Quality Companies of course are getting the fuel this time as opposed to what was a broader spectrum of companies perhaps at much higher multiples, many of whic
Election that may lead on for a while. Jimthan joining us now is karen of morgan stanley. Lets start with that question on the election. So many things we have been told to care about have not ended up mattering. Is the election any different . The election will matter, i just dont know when. Going into the election, there will be some risk that needs to be taken off the table, but when we think about both candidates, what is the main driver for the Economic Policy . The pandemic. Do we get a vaccine, second lockdown. That will be the main driver. If you think about a bride and presidency, you have to see growth coming from the fiscal side, expansion. If it is a trump presidency, probably more from the private side. Either way, both politicians have a plan to generate growth. It is up to the voters to decide which is better. I think both are going to matter. The point that another person brought up earlier, if there is a contested election, thats a problem. Markets can deal with uncert
Decline and that is a forwardlooking indicator on this, not so much tragic deaths but we like to focus on that is assigned to come to the process and we to go to the hospital and then you see what youre doing in the hospital in the most severe cases and ends up on a ventilator, and then sadly you die at that point but that is a logging part, if you see a downtrend in the number of people getting in to the hospital and encouraging and keeping an eye on it, the governor of new york is outlining other promising developments as well, we will get into that later in the show, minutes await the president signing off on the 484 billion Small Business stimulus measure, some are calling relief, whatever you want but it is going to be widely seen as an opening with more stimulus down the pipe, blake has more on all of the above. Hi, you see our colleagues lined up in the Briefing Room meaning they are still awaiting to go into the oval office, we expect the signing at some point later this hour,
At 1. 08. The unstoppable market as investors digest the details of that china trade deal. Stocks ready to open on new records. Southwest is pulling the boeing 737 max until june. Airlines are digging in for more delays. And shares of Morgan Stanley before the bell. They posted record profit and revenue in 2019. Stocks looking to make more history a day after the dow closes above 29k for the first time and the president signs that phase one deal with china the s p on its way to the seventh weekly gain in eighth. Total holiday, exauto and gas up 44. Names like target might have been an execution issue. Yeah, i have to say that. I just dont find any other excuse i do think that Brian Cornell pretty much said, listen, we screwed up other people, other stores kid better that aggregate number is so much stronger than anything you saw from target. I have to believe they went to walmart, best buy or costco but they sure didnt go to target. Were going to get more earnings as we shift from the