Five, probably four. Looking at five very seriously. I will make a decision on either friday or saturday. Charles President Trump announcing his plans to replace Ruth Bader Ginsburg on the Supreme Court, pushing for a vote before election day. Can it happen, should it happen and what happens when it happens . We tapped the best legal minds at fox news for the answers. All that and so much more on making money. Charles so, folks markets opened under very big pressure this morning continuing to move lower as investors are grappling really with a confluence of concerns including washington, d. C. , turmoil, exacerbated by the untimely and tragic death of Justice Ginsburg. A lack of fiscal aid package, great he contested election and covid19 spikes in europe causing concern here in the United States. We have jack ablin and michael lee strategies, michael lee. Michael, i want to get your assessment on the selling that were seeing. Maybe it is found a sort of intraday bottom. Certainly some
Good morning welcome to squawk box here melissa lee is hanging out again with us. Becky is off today for some welldeserved vacation well see her next week. As joe said yesterday, one of the first down days weve seen in a while a little better s p up about 13 and nasdaq looking to open about 45 points higher also showing you treasury yields now you can see where those are standing well flip that around to. 628 on the 10year you thinking about refinancing a mortgage anytime soon, guys . Im as low as they go im good if you have an account where you can use assets for credit line or to make an investment or Something Like that, i remember two or three years ago, i locked this ridiculously low rate if they come to me again and offer another one, it will be lower than it was last time. It was like 2 or 1. 5 when you get money that cheap, dont you think you you are in the drivers seat when rates are this low i dont feel bad about borrowing money at rates like that so you are talking about get
A lot to get to and discuss, everybody. Right now, though, a quick check on the markets because theyre higher across the board. The bottom right of the screen and come off the highs, the dow above 27,000 for the First Time Since june 10th on an intraday basis. S p 500 less than 5 from its alltime highs up nearly 50 from the march lows. 28 members of that index hitting a new 52week or alltime high and a cramer favorite stock, mccormick. The nasdaq is negative again there is a lot to discuss. Joe, we are off the highs. You can address that but also this the vaccines plural getting all the attention as they should. It only concerns, you know, all of humanity. But did Goldman Sachs numbers have anything to do with the earlier market strength . I think most of the early gains that we witnessed this morning you can credit to the vaccine optimism i do think, brian, that the Strong Performance from financials in the last couple of days, whether it be jpmorgan or a Goldman Sachs this morning, t
Many citizens are demanding an end to stayathome orders right now. Well have the very latest on this revolt. One country, south korea seems to be doing right. All that and so much more on making money. Charles all right. Stocks under pressure all day long but it is crude oil the center of attention, folks. The may contract down 98 , a record low. On friday, Energy Companies ironically they were the biggest gainers in the entire market even though crude was down we had a great guest on, a oil executive. We wondered what he thought had to happen with the commodity price. He said that the oil industry had to do something it never did before. Take a listen. The choice is clear right now. We have twoways we can go about this we do nothing. That will lead to single dollar oil prices. It is going to decimate the domestic industry. Over a million jobs will be at risk and it is going to increase our dependency on foreign oil. Or we are part of a Global Solution to what is clearly a global probl
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still