Revenues for 2020 are 7. 7 higher than 2019 instead of using a heavy handed government putting long term restrictions on people, we decided to trust the people that they would be safe and secure and opened our economy if other states would like to see that type of economic recovery, maybe they should address the way they their states are being governed. I know the Federal Reserve is looking in ways of broadening the main Street Lending program, which i think we all realize need to be broadened theres some yaareas id like t see us take a look at and one of those industries that is interested in main Street Lending is specialized Consumer Finance firms which are nonbanks that purchase credit card receivables from card securing banks which enables consumers with sub prime credit to access a credit card which is some of the most vulnerable in our society right now. The ebitda rieequirements preve them from obtaining a loan would you consider modifying to allow the firms to access this prog
Where does this leave us pete, good time to answer that question i think our viewers, investors everywhere are wondering we had this big comeback weve had a bit of unsettlement in week. Now what yeah, i think we have reached a point now where theres been some pull back and everybody is looking for that opportunity those that have missed a little of some of these moves youre look for something. We had a huge range. We started to change the what we have been seeing which is contracting range and that sell off late day im surprised we havent seen an acceleration to the downside i think theres nervousness in terms of a lot of things the retail number we knew about. We knew it was worse than we anticipated. Thats a big deal. You look at the smh. Thats a great reflection of what im talking about they are hammering those stocks. They have absolutely hammering those stocks today josh brown, what do we do with the fangs what do we do with the chips fang stocks have had such a great run. Today w
Carl quintinilla with sara eisen, john fon fortt joins us crude inventories, lets send it back to jackie. Carl, you can see prices are spiking on this report it definitely was bullish, what i have is a crude drawdown of 6. 3 million barrels, a gasoline drawdown of 3. 7 million. These are more in line with the seasonal trends, more in line with what we heard from the api last night that makes sense, you have demand coming from summer driving, fourth of july, Holiday Weekend as well. I dug into that report, production did go up that 100,000 barrels we lost last week, we gained it back this week. Im not sure how people are going to interpret that. Im assuming its probably going to be a bearish sign mixed in here we were trading 4575 before the report came out, 4624 now. Back over to you. All right, were watching crude along with that, jackie, thank you very much. Meanwhile, the president arriving in germany earlier this morning ahead of the bilateral talks with chancellor angela merkel, c
Brothers najarian. Investors are bracing for a week of uncertainty. Both the dow and the s p just posting declines for the Third Straight months. You have session lows. The vix is hitting its highest level. What do you do here . Whether or not it contributes to a done side move in the market, we will see, but we have seven days now at least until the voting is completed and then well see whether or not the process is completed. Thats one of the wroerz, judge. Thats why theyre buying up side calls in the vix is because theyre worried that maybe the process doesnt end on november 8th. Are you starting to see that the market is looking at numbers and saying, hey, were getting more nervous about exactly where this market is going based upon where he stands in the polls. Weave talked about it time and time again. How much would donald trump mean in terms of the uncertainty of the market . Far more than hillary. I think were seeing that priced in right now. Dollar index has been on the rise.
On this story. According to sec documents in my possession, documents right here, pierson sold 288,000 shares on june 30th for proceeds of 5. 7 million. That was filed and is publicly known. Then on july 1st, and this appears to be new. The motherload. 4. 1 million shares, with proceeds of 82. 8 million. There was another sale known by now some 411 million shares, total proceeds from all this, 96. 8 million. My panel with me, and kate on the case. Boy, interesting. I dont think the market knew or knows about this sale of the 4 million shares. Might explain, scott, why were not seeing a down tick in the stock price right now. Very interesting. I think on the one hand, pierson might be expected to want to liquidate holdings, no longer has skin in the game except as a matter of principle. A company he helped build, of course a darling of many hedge fund investors. Their benefit and litter detriment for some time. Sequoia as well. Popular stock for a period of time. Replaced by joseph popp