O odssey capital we see stocks higher into a pivotal week for your money. I said one third of the s p reports. You have the big tech hearing on the hill you have a fed meeting you have stimulus negotiations whats on the line i think anything to go wrong with the next trillion, that would be a huge problem. Thats so done deal. Hopefully most of us hope it will be more focused effort. We dont money into zombie companies. We decide on what sectors will survive and try to support those. I think the earnings will be pretty good. Anything to do with consumer is still buoyant and will be intact tech remains the favorite of investors. It continues the grow and allow the economy to function and continues to digitize not just here but globally. Doints see a lot of downside going into numbers i dont expect any intel surprises nap was bad management im hoping the whacking stick will be coming out there when it gets back below 50 bucks, its buying opportunities. Those are the kind of surprises you
That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Take some time for public to regain confidence and adapt to the new world and start traveling, taking vacation, going to restaurants and things like that. Im glad you brought that up. Thats one thing we havent talked about was this notion that when we looked to open our businesses and i think we all in a bipartisan way, thats what we want. We have to find this balance, opening our businesses in general. Theres only going to be as successful as the Customer Confidence that is there to patronize those businesses thats not just true for the Hospitality Industry thats true for all businesses i do know that the service and retail has been hardest hit business and my understanding that some of the data ive seen over 2 of those businesses have closed permanently already how are we to address this Consumer Confidence issue . I know thats something you thought about and talked about publicly what should we be doing . One thing ill say is it affects different sectors of the economy. The one we t
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t
Pete, i begin with you buffets gone. Are you staying around you know, it is disappointing. Its something thats a bit of a surprise, quite honestly we know what a hit the airlines took it was very clear and how the numbers look right now and some of the Recovery Period was he getting out on the lows i think there is some upside right now im only in the options for delta. They had a great run up until we found out the oracle was bailing. They cut that back a little bit. Bren, you have a small position in delta as well. If this is a statement this group of stocks is uninvestable, if the greatest seller sells out completely and who knows what prices he got out but thats statement in and of itself absolutely. Its a statement the buffet backstop is out of the airline stops. Were practicigmaticpragmatic. Were not dogmatic we will move out of this Airline Position because theres a ton of other companies that will not have this negative head wind we just dont know the trajectory of the u. S. Ec