And continues on into the fall campaign, which has started now. That is sort of divide and conquer. He looks at the political equation as those who will support a very clear black and white option. The black and white option for years ago was the border and immigration using almost the same rhetoric that Illegal Immigrants were drug dealers, rapists and murderers. Transitioned has into his description of social unrest around the country. David does that put joe biden in a difficult situation . He is trying to take a tax that is not black and white, basically saying we should allow demonstrations, but we shouldnt be violent. How effective was that speech he gave monday . Rick i think it was an effective speech setting out barriers and boundaries for this debate around donald trump. It is always easier from a political context to make a minds. E stick in voters trump is particularly good at embedding these dark themes. Biden has an additional requirement where he has to convince voters t
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
1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
Trumps Transition Team for most of 2016 and the author of let me finish, his memoir of his time, governorve and his time alongsie President Trump, governor christie, thank you for joining us from your own jersey shore brio. Thank you bob, happy to be with me. Youre one of the few people the president listens to on the outside on political matters and in the newark se post i saw by cindy adams you had come to jesus meeting. Th the golf club in jersey with President Trump, how did that go and did the president decide to make any changes with his campaign . Listen, as you know i boys taken a position that the consultations that i have with the president are between me and the president , i say this i think the president is really focused on thecu next 95 days, really focused on trying to make sure that he lay down his vision to the American People and what he wants an x for years to be and its always good to have some time to visit with him and discuss things as i see them and from where
Gavin newsom about his states plan and his message to protesters. And industry impact. Oil prices tank to an historic low, as a new hot spot for the virus grows in americas Food Processing plants. First, heres todays eyeopener. Your world in 90 seconds. Personal Health Creates economic health. Thats our mindset. Thats what all our mindset needs to be. The outbreak is getting worse in some parts of the country. At the same time, other areas are lifting stay at home orders. If we all pull back, we could see a second wave. The president claims, in a latenight tweet, hell sign an executive order to temporarily suspend immigration in this country over coronavirus fears. I believe in governance by law, not necessarily by tweet. New reporting on the health of kim jongun. Speculation of his health has been on the rise since he was a noshow at a major celebration of his late grandfather last week. This is something that is extremely sensitive. So we may continue to hear lots of conflicting stor