The nasdaq was lower but it is catching up. And the dowup. 9 up by about as much. The dollar index is stronger. Still below 93. Two of the better performing stocks, brownforman which is the topperforming stock primarily thanks to a surge in spirits and of course, the Michael Jordan news. Rally,g with the equity citigroups Tobias Levkovich recently raising his target on the s p 500 to 3300. He joins us now by phone. Thank you for joining. We are a little bit higher than that right now. There is going to be a leg lower to this market. It is still going to hold up somewhat into the end of the year. We are not going to see a crash according to you. Tobias the best way to put this is the fed is going to prevent it in many respects in terms of policy initiatives where there is this fascinating feedback loop phenomenon where stock prices go down, he will start getting very worried. People will start getting very worried. It will ebb and flow. It is unlikely for the markets of the you about 40
Comer weighs in on President Trump firing back, bidens brand of d. C. Globalism, let companies hollow out and destroy american jobs. Representative comer will talk about niece that niece warning only President Trump can prevent another 9 11 and saying that america is not a racist country. Also with us, the hills joe concha. He will join us with even more biden flipflops and whoppers, now the media is increasingly factchecking joe biden. Kelly armstrong from house judiciary taking on former top fbi official peter strzok, fired for antitrump bias. He helped run the trump russia flynn probes. We have new statements. They are surprising ones from peter strzok. Federal lift editor Christopher Bedford, House Speaker nancy pelosi getting criticized for this. Pelosi now taking the high road, not ignoring, not listening to the outrage over her visit to a hair salon that was shut down for everyone else. We have that and more democrat double standards on covid19 shutdowns for regular americans, n
American system is special in the way that it limits the government very extremely the only other country like that is the britain and even britain doesnt do it as much as the United States so what we have here is a capitalism that is more or less a fair is more private spoke then anything else which is what the United States has tried to push around the world privatization privatization well now weve come full circle we see how private capitalism works and and im not alone in this it is a disaster the private capitalism did not prepare for the pandemic private capitalism is not able to contain the pandemic we are desperate as we compare ourselves to new zealand to vietnam to egypt and all these countries with this state is given an Important Role they were able to prepare and contain in a way that american capitalism could not what sound would argue that its not the job of private capital in our private enterprises to prepare for the pandemic and that i mean goal is making profit i kn
Ten year is yielding around 0. 65 . Yeah, 0. 648 30year is at 1. 383 andrew thanks, becky nice to see you. Meantime, civil Rights Groups involved in that meeting with facebook which we previewed for you yesterday right here on squawk, well, the companys platforms, they are calling that sitdown meeting disappointing. They say they were unable to get commitments from Company Leaders on how they plan to combat hate speech and misinformation on the site facebook spokesperson said this was an opportunity for the company to reaffirm the commitment to combatting hate on the services well talk a lot more about this later with somebody who was on that phone call. I dont know if it was a phone call or a zoom. They dont do zoom, guys. They didnt i thought it was a zoom . Facebook now has their own. They do they have their own platform now. I dont know if you are going to meet with well, ive had meetings on facebook they often use blue jeans. I thought it said zoom but it might have been used sayi
60,000 new cases in a single day for the first time oil is holding 40, gold topping 1800 for the First Time Since 2011 david, it was a quiet calendar already going into this week, but it does seem like today in terms of looking for inputs traders are really on their own this morning they are. I mean, you know, the only calendar, carl, that really seems to be getting busy and staying busy is the ipo calendar which we should mention as well just because it is some sort of reflection of demand in certain parts of this market the latest of course Rocket Mortgage, thats going to be an enormous ipo, we can talk a bit about that later if you want other than that not that much to key off of clearly, mike, this is not a market that seems to be particularly concerned in terms of keying off of the rising cases of covid that were seeing around the country and the reversal of reopenings, the slowdown in business, certainly in travel, leisure, restaurants, that is resulting from the rising caseload.