The question is, what is the catalyst that will get market to move higher. Were all over that. Speaker pelosi struggling to explain the holdup. I want this very much now. People need help now. No use giving them a false thing just because the president wants to put a check with his name on it in the mail. Charles okay. Well, this is not the ownly issue for democrats who are running out of the ways to try to stop the confirmation of Amy Coney Barrett. Back on the hill for another day. I will ask rnc rep Liz Harrington about her performance. Deneen borelli is with us. Her take on rapper ice cube reaching out to the trump administration. All that and so much more on making money. Charles you know it is another quiet day on the markets. The broad market, i think this is a consolidation phase, right. Big recent gains in front of record levels for the major indices. Headwinds versus tailwinds. Narratives staying with this market the last two months. More or less on hold. Leaves investors won
Markets finished near session high, momentum continues, yesterday renewed talks between top lawmakers sent dow 222 points. House Speaker Nancy Pelosi ruling out bailout for the Airline Industry. Mostly higher. The storm restrengthening overnight as it can become category 3 before making landfall in the gulf coast. The ballot debate. Biggest worry voters had this morning. And the winner of the 2020 nobel peace prized announce an hour ago, awarded to un president , donald trump was one of the nominees. Mornings with maria begins right now. European markets also higher, take a look, the cac quarante up 21. Dax index is lower, down a point. Mixed story in asia, best performer china after being closed for 3dayday. Top stories that we are watching this morning. President trump says hes feeling great and might return to the campaign trail as early as tomorrow. The president telling me he may hold a rally in florida if he gets the all clear from doctors, hes expected to take another covid test
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
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Steven miller whos a very close advisor of the president has now tested positive for the coronavirus has been in close proximity of the president for a long period of time he was also in close proximity to some of the other assistance to the president to have tested positive in recent days and certainly that list is growing and growing indeed a large number of members of the president s staff have tested positive and number of journalists who work there as well as a number of military aides it is said who are also working at the white house donald trump has called off negotiations with democrats over a new coronavirus stimulus package until after the election u. S. Stock markets fell on the news House Democrats had passed a 2. 00 trillion dollar relief bill on thursday but Senate Republicans rejected it. Its kind of fortunate the concierge abandon our children we had such great provisions in the deal not that they agree to all of them yet but on a path out workers we need to do for ame