Late night with seth meyers. John mulaney White House Correspondent Kristen Welker music from Tracy Chapman featuring the 8g band with fred armisen and now seth meyers. Seth welcome to late night. Hows everbody sorry, im just checking 5 38 okay lets get to the news. During a Campaign Rally in florida last night, President Trump suggested he might fire Infectious Disease expert dr. Anthony fauci after the crowd began a fire fauci chant. See, this is how you know fauci is beloved even a trump rally crowd didnt chant lock him up. Free fauci to pursue other opportunities after supporters chanted fire fauci, the Campaign Rally in florida last night, President Trump suggested that he may fire fauci after the election, and said, quote, i appreciate the advice, and somehow a crowd in florida is still only his third worst adviser. Yesterday was the beginning of daylight savings time, because even though we live in a deeply divided nation, the one thing we can all agree on is sunset should be at
You know what, there has been a persistent bid as we call it underneath this market for months, despite the virus and the unemployment it is a puzzle enigma. I am trying to figure out why people keep buying i had an epiphany last night i was going over preparations for my monthly club talk this time looking at it through the lens of the election, it is only 20 days away. You know what . Of the 32 stocks we own for the trust, fully twothirds of them would do better under a biden presidency that caught me by surprise we were trying to bail out the election honestly i have been under the assumption that the market may take a hit if biden wins he wants to raise Corporate Tax and Capital Gains tax and rich people pay your own stocks. Is that good policy . I dont know given biden has been getting some incredible poll numbers the last few weeks it has become a real possibility. Many of you assumes it is bad for stocks thats what i thought or at least what i thought before my big club call rev
You need to prepare yourself for some intensity all the most Important Companies in this entire market. I do not have time to kofcover of these let me tell you what to look for from the biggest names there are so much tech they think tech is done, especially the big dog, microsoft, apple and facebook. It was driven by a belief that the economy is about to get stronger because of a stimulus bill and the only way you should play is sell, tech and buy the industria industrials. Well, we are going to get to see this it is probably not until the election take monday. We are from otis worldwide some people see this as a stimulus otis is more of chinese elevaorr maintenance. Biden stock, people perceive biden is being soft on china monday night, two major tests, i keep on telling you about the bull market. Listen to nxp. The other there are periods of happening. They dont last that long. Few companies are more richly. Tuesday morning we get results for some big drug companies. Pfizer and merc
Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
When you listen to the reasons, theyre dumber than a bag hammer everyday we hear about stimulus talk even if we pass the deadline, i wish they stop talking all they do is creating false hopes. Both republicans and democrats see no deal as a win for them even as the rest of the country loses. I am confident that well get the stimulus package eventually. There is no stimulus coming any time soon, certainly not before the election get a game plan for heavens sake how about covid19 we have been predicting the spike for months here. Why did we start the mask competition . We knew it was temporary reprieved and it would get worse once the weather gets colder i totally understand it seems like an in efficient way to stop this thing we dont have much those case numbers have been creeping for more than a month now. The only thing more incurable than covid is the market i have been recommending the bull market created out of control pandemic without a stimulus now it is happening. We are taking