Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
By 33 , meaning that the recover may still be far off. What does it mean for investors, businesses and families in this country . Ahead of blockbuster earnings for the Biggest Companies in the world. That is coming up after the bell. After the grilling of the bilge tech ceos we have preview of the tech names. As you can see on the screen, a lot green and more on making money. Cheryl it has been a really interesting session since news on gdp, initial jobless claims crossed tape before the bell. Stocks are mixed. Were off session lows. Were waiting on the four Big Technology companies to report their Quarterly Earnings after the bell. You had the ceos yesterday. Well get the numbers today. Those ceos testified, you saw it here on this program on capitol hill. It was a heated hearing. A lot of allegations were thrown out against the four top ceos. Well bring in susan li who has preview of earning and some of the fallout from yesterday. Susan there were no punches landed. It didnt further
Joe biden will unveil his economic plan and that looks awful like America First. That and so much more on making money. Charles stocks sinking after the Supreme Court rejects President Trumps bid to block a subpoena for his financial records and i think it is indictment by manhattan d. A. And wall street sensing their inability to keep the information secret. Perhaps, it wont be a oneday event. This whole market, this whole year has been a dickens tale of two cities. Instead it has been two stock markets, two equity at this indices. One weighed by the old economic names and Old Technology as well. The other one sprinting ahead on new economic names. These companies will form how we live and work in the future. General anxiety continues to hover over the market. Most involving the next round of stimulus. As we learned something in the last two sessions. Maybe the markets prefers stronger economy over more fed stimulus. Think about this, with an hour left to trade on tuesday, one of the
Because they keep getting it right and individual investors are listening to them. Dave portnoy and tom lee. Big tech getting ganged up from both sides left and ride. As social media execs say they will go to the hill and plead their case. We will have congressman guy rest send thaler. That and much more on making money. Charles folks it is a familiar pattern. Nasdaq higher, dow and s p lower somewhere stuck in the middle. There are two buckets of buyers out there, chasing hot Growth Stocks which seem to get higher upgrades and targets every single morning. In fact this morning jeffries raised their target on tesla, they think it is 1200 bucks. Yesterday they thought it was 650. There is another bucket of folks to look to buy value names on dips. Investor psyche on display before the open when ceo of delta told folks on the conference call, shareholders that 500 employees contracted covid19 and 10 died. Airline stocks and boeing swooned but keep in mind that company has 393,000 employe
New jersey, connecticut. That really added to things. It is still going on. Governor andrew cuomo on the screen speaking live right now. At the beginning of this, they cade a joint announcement. People coming into the tristate area from certain highrisk states would be ordered to quarantine for 14 days, when investors heard that, the market went another leg lower. Well cover it from all angles, starting with Jackie Deangelis in the new york newsroom. Like i said, jackie, things were not going great to begin with andth just added to it, right . Reporter exactly right, connell. There are is a twopart story. There was fear in the market about being spike in coronavirus cases across the country in certain states. That added to tension for investors. Were seeing a spike going into the summer. That was not predicted. Theyre thinking about what could happen if there is a second wave. That is the push and pull weve been experiencing in the marketplace. New york, new jersey, connecticut governo