For several hours, there are reports that the stimulus package now being prepared maybe the first of many, in other words, congressman Congress Rather and the administration will throw whatever they have at the virus problem. The fed is pumping a trillion dollars into the economy and that appears to be helping market sentiment. Green across the board there. All of them up limit, 5 up. Lets see how we open at the market this morning. Now, again, when we open this morning prices will be freed up so we can move up from the 5 gain and looking at etfs, here is anxiety indicater. Do you realize it was 1. 3 a few days ago . Gold this morning i believe is down a little bit more. Okay, we will find it. Look at the average price of gasoline. 2. 30. Ten cents lower than a week ago. Gas is falling really fast. I call that good news. The whole country maybe slowing down as we separate out but the virus news coming quick and fast. The wife of canadas Prime Minister Trudeau Sophie tested positive. Pr
Conversation. Those. Say the United States is we realize each country likes to planning to conduct tests on new explained to me what we got this morning. He jobs report got overshadowed have tare happy to talk about t. Missile technology that would by trade. One issue is that huawei is a have violated a treaty with it was not necessarily a bad report. Russia that expired today. It didnt show us that things chinese company. Last year, President Trump one of the b concerns is the were improving. Announced he would withdraw from is that right . This is a solid but not the 1987 intermediate range National Intelligence law in china that requires Chinese Nuclear forces treaty in 2018 spectacular jobs report. 164,000 is a perfect the good information in order to after accusing russia of number at this point in the developing and applying a weapon recovery. The thing that is worrying as cooperate with intelligence agencies. Itselfld huawei defend that violated the pack. You continue to see the
Lower. Stocks higher. Technology, one of the best groups today and by the way, the nasdaq right now is above a new closing high. So we need to track that over the final stretch as many of the mega cap, including nvidia, see nice gains today pretty good day, too, for discretionary stocks like decker, surging after its earnings it does take us to the talk of the tape. The road ahead for the rally lets welcome in professor Jeremy Siegel, wharton professor. Glad to have you here. Happy to be here. And we have nvidia, knocked the cover off the ball again and a turbulent day yesterday, and then a nice bounce today at least in parts of the market. Yes well, i think, you know, nvidia did so well, it almost sucked all of the oxygen out of the room so no one else could breathe yesterday. And now i think they settled down there were, i think what disturbed people yesterday was that little chatter in the fomc meeting, the minutes, about some people saying hey, are we done raising, and that, that w
Condone lawlessness and when you use violence in order to manifest your protest, you have stepped over the line and we heard those very words coming out of joe bidens mouth yesterday. Representative kliger and it went lastly, ask you about something that isnt that should not be so controversial. And you are receiving the president ial Medal Of Freedom and this year youre sharing the honore, several others, 18 others, Including Civil Rights Hey Khan medgar evers, who fought desegregation in mississippi before he was shot in the back by a white supremacist in 1963. What does this mean to you to receive this honore this is a great, great honor that i am very, very proud of. And as i said, to the President Biden when they call me to tell me he was confirm this other upon me. I just hope to live long enough its prove myself deserving of it. Thank him so much for the recognition. I congratulate the other 18 people who will get an a merrily fs is still living. I hope the widow of mecca evers
Us, charles payne. Charles ill grab that baton. Thank you very much. Good afternoon, everyone, im charles payne. This is making money. Stocksal i thinking on a weaker than expected jobs report. Investors can sort of ignore the earnings season which, in my mind, has been something of a bust. But heres the thing, the buy on dips crowd can has been licking their chops. Were starting to make the move, but people are looking beyond just the normal suspects. Well investigate opportunities outside of tech. Also again with that big jobs number coming in below consensus, where does this put the Federal Reserve . Jay powell hinted over and over again that the rate cut could come when we get a jobs report, and what does this mean for main street . This is not great news for main street. Yet tim cook, i said i thought he needed more than just a buyback program. Little did i know he was going to unleash a historic buyback program, 110 billion. Ill ask dan flacks, what about the rest are of the repo