Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
Of dallas. He is appointed in september of 2015 and he represents the 11th Federal Reserve district on the federal open markets committee. Prior to his service for the dallas fed, kaplan was a martial professor of management practice and a senior associate dean at Harvard Business school. Kaplan had a 23 year career at Goldman Sachs and was ultimately named a senior director of the fern before joining harvard into thousand and six. Today, mr. Kaplan joins us to talk about what he believes the road to u. S. Economic recovery must look like in order for the country to bounce back from the damage done by covid19. He is also going to share his Economic Outlook for the rest of the country and into this year and into 2021. Mr. Kaplan, the virtual podium is yours. Right, thank you. Thank you kimberly and thank you everyone for having me here today. I will talk for a few minutes about, as kimberly said, the National Outlook and some of the key things that we need to do and some of the key chal
Cspan, created by americas People Television company. As a Public Service and brought to you today by your television provider. The president of the Federal Reserve bank of dallas, robert joined the National Press club for discussion on americas economic recovery during the coronavirus pandemic. Gallant whats needed to turn around the economy including aspirin to prevent the spread of covid19. And to improve consumer confidence. Hello and welcome to the National Press club. We are pleased to welcome robert, president and ceo the bank of dallas. His appointed september 2015. As of management practice and associate at Harvard Business school. He had 23 year career at Goldman Sachs and ultimately named senior director of the firm in 2006. Today, he joins us to talk about what he believes the road to u. S. Economic recovery look like in order for the country to bounce back from the damage done by covid19. Hes going to share his Economic Outlook for the rest of the country and into this yea
0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i