To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its go
Pray for you when they know that thats not so. The bible tells us weeping may endure for a night but joy cometh in the morning. We need top lean on one another, lift one another up. But we had tremendous success on the apprentice. And when i ran for president , i had to leave the show. And they hired a big, big movie star, arnold schwarzenegger, to take my place. May god bless you all. A different time. Very different. You know it reminds me of a bible verse. I googled it while i was watching that. Matthew 7 1520. Where are false prophets which come to you in sheeps clothing but inwardly they are wolves. Ye shall know them by their fruits. Willie, you know, ive been to that Prayer Breakfast, know the people who run it. Saw what donald trump, through the years, talking about the apprentice. Himself. Talking about himself, Attacking Political again, know them by their fruits. It is the antithesis of everything that you see in red letters when you read through the gospel of jesus christ.
They are higher on this monday trying to work their way back from last wem wooeks sell off. Jon, i go to you first you saw enough in the sell off in big tech to put some money back to work you added to things you had. Why . I saw a lot of institutions doing that when that wave starts picking up, i start paddling faster. I rounded up certain stocks like after that split in apple. I needed to add shares to get myself to a more tradeable lot size than some of these odd lots after you get through a stock split. You end up with instead of 11,000, maybe you want 15,000 shares or whatever it is they were so accommodating letting us get to those levels thank you for that for the folks that pushed it down there. Micr microsoft was down in the premarket. It made the big turn after people were reacting to the news in oracle and tiktok and then its up 4 there was a lot of constitutional interest in many of the names of those battery stocks are you making a statement here are you making a statement
Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
Even more retaliation. Weve got the latest. Markets this morning pointing to rally at start of trading upbeat news on Moderna Vaccine. Dow industrials up 556 points and nasdaq up 97 and the s p up 42. New covid warning, though, for expected mothers as baby contracts the baby in the womb. Everything you need to know coming up. Big win for apple this morning, European Union court ruled in favor of the Technology Giant over multibillion dollar antitrust tax bill. The stock is up on the news, up 1 and a quarter percent. Goldman sachs among big banks reporting today along with dow component and United Health, mornings with maria is live right now. Maria and european markets like the Investor Sentiment of vaccine trials and london better consumer data. The cac quarante in paris up 63 and dax index up 122. In asia overnight, mix story, take a look, asian indices finishing like this overnight with shanghai composite down, japan was up one and two third and the others fractionally moving. Some