Highs of the s p 500 all the way to certain cases of covid to a fight between the fed and treasury and condemn it really money and pandemic relief money. We got progress from moderna and pfizer, making impressive headway for a vaccine. Trumps Campaign Still unwilling to concede the election. All of these headlines causing a tugofwar in the markets between longterm fears and hopes. These five days, we are trying to work out where to place our bets. Joe yeah, thats exactly right. As you mentioned, we hit record highs at one point this week. Today, not much going on. Despite optimism in some markets and more vaccine news, if you look at longterm yields, look at that. U. S. 10 year yield back down to. 82 . We were talking about will it break one . I do really feel as though we look at this economy, perhaps we will struggle a little bit over the next several months and it is going to be a very long time until we see any kind of rate lift off. Romaine it is interesting. You are now getting i
They are getting louder and louder, including one from aoc, but she thinks we should just pay people to stay at home. I want to get reaction from congressman andy biggs about that at the bottom of the hour. All that and so much more on making money. Charles it feels like the markets marking time because its marking time. Right now, the s p has moved less than 1 for the week. The nasdaq is up about 1 for the week. The biggest story has been the continued celebration in the oil patch. The blue wave, remember, didnt happen and that was the big play there. The other side of that coin is utilities and thats why they have been actually slammed since the election, including this week. While buy has alternated between growth and value, it was stocks that were deeply hammered that actually enjoyed the greatest revival, particularly brick and mortar retailers. Even today, those names are up on better than expected earnings. All of this creating a dilemma. Do you buy the broken names with the mos
In the power of partnerships to lead change. I would like to thank the center for Global Security analysis and our wonderful partners in the museum of American Finance and the cfa society of new york who are sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we realized is reflecting on our history provides new insight into the current challenges that have disrupted and changed industries and Business Models. Todays session focuses on the challenges leaders at Jpmorgan Chase and Companies Face and survive as seen in the latest book jpmorgans fall and revival how the wave if consolidarion changed americas premier bank. I am very proud to say jpmorgan is the largest employer of business graduates and i know many of them are on the webinar today. The session will take place in a few parts. David cowan, president and ceo of the museum of American Finance will introduce Nicholas Sergeant and Consuelo Mack and
Light was on. She america is in the war. Why did that such you so much . It had gone lucid. What did that mean for you and hungary . I didnt cry then. How old are you . I was 18. That interview with the late author john lucas. In depth was formed 20 years ago. Since 2000, 230 leading nonfiction and fiction authors have appeared on in depth. Alice walker, bob woodward, Neil Degrasse tyson, george will, just to name a few. Over the next 3 hours our goal is to review the last 20 years of in depth and to ask you a couple questions. Who was your favorite in depth the guest, what book are you reading now, and who is your favorite Nonfiction Author . We will be showing you video from the past 20 years but here is how you can dial in on the twentieth anniversary of in depth. 2027488200 for those in the east and central time zones, 2027488201 if you live in the mountain and pacific time zones and you can text him what your thoughts are as well, 2027488903. Text number only, 2027488903. Your fir
Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was