There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow
To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
Holiday celebration gets underway. We want to begin with this. The headline, 2020 has put americans in a bad mood. Americans are watching with anguish as a nation grapples with systemic racism and upset with protesters defacing statues with those representing the worst racist. They worry about the economy but fear the spread of coronavirus. One study from pew research finding that 12 of americans are satisfied with the way things are going in the country. Further, according to the survey, 71 percent described themselves as angry, 66 percent as fearful, and just days before the nations 144th anniversary independence,ys just a few as proud. Last night the president on twitter with the following. There is a rise in cases because our testing is so massive and far good, and so good, even better news is that the death rate is down. Younger people who get much better easier and faster. The president responding to the jobs numbers and his handling of his pandemic. Heres part of what he told re
Indicates that many of you are in a sour mood. 2027488000 if you are optimistic about the direction of the country. If you are pessimistic, 2027488001. You can also join us on social media and we will read your treat your tweets. You can send us a text message. That number is 2027488003. And as always, we are on facebook. A lot to get to, thank you for being with us as the july 4 Holiday Celebration gets underway. We want to begin with this. The headline, 2020 has put americans in a bad mood. Americans are watching with anguish as a nation grapples with systemic racism and upset with protesters defacing statues with those representing the worst racist. They worry about the economy but fear the spread of coronavirus. One study from pew research finding that 12 of americans are satisfied with the way things are going in the country. Further, according to the survey, 71 percent described themselves as angry, 66 percent as fearful, and just days before the nations 144th anniversary indepen