Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
1. 1747. , 1934. 74. Another busy week for the markets. 189 s p 500 Companies Due to report. Some already reporting today. We also have the fomc Rate Decision on wednesday as well. We welcome margie patel, Wells Fargo Asset Management Holdings Managing director. Characterize this earnings season for us. It has been encouraging. Last week, we have 20 of companies reporting. 80 of those were above expectations, even though many said they were not in the position to predict earnings for the year. Uncertainty, very pleased with the first reports. You to would that cause be a buyer of these companies, or is it more of a relief that we are not seen the bottom fall out of the market . Margie what it tells you is that, with no proposition from most of the fixed income market, stocks really look reasonably year ifve over the next they can raise their earnings. Many of them are in a position to do that. That is what the markets are reflecting. , theyes dont look bad dont look overpriced compared
Raleighdurham. The president is about to step out of that plane. I can tell you right now, we are going to be there with cameras because back in d. C. , theres another huge story developing. The congressional antitrust sharks are circling. In less than 48 hours, jeff bezos of amazon, apples tim cook, google alphabets Sandar Pichai and mark succeed you azu facebook will be the ones in hot water. It is the First Time Ever that all four will simultaneously be taken to task by law makers. If congress is smart, okay, i know, if congress were smart, they would get suggested questions from this guy. Basecamp cofounder and chief technology officer. He hes the only one who has taken on three of the four and lived to tell about it. He will reveal the number one question he says congress should ask each of those tech titans that he says will cause crumbling. Plus, could a new u. S. china ticking time bomb threaten social medias hottest name . China economic insider derek scissors gives his threat
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta