Out deals, including today market ral llies the s p climbs 7. 8 and nasdaq soared 1. 39 thats why i keep telling you that you got to stick with stocks that dont need stimulus. All day they show them on air is fantastic. The white house is negotiated with Speaker Pelosi though it will have to pass the senate and Mitch Mcconnell says maybe they have interested in some sort of stimulus you throw in the election next month and you got a chaotic occasion there is too much name calling i love to be proven wrong. Main street absolutely needs the money. The stock market does knot know what main street is doing and Speaker Pelosi and secretary mnuchin, they both know that today the president seems to know it, too until they symptoms catop calli, always skeptical while the tease keeping the bull up in the air today. I dont think if we dont get something come on monday, i do expect a selloff. It comes up too far and too fast we are due to a pullback historically if something does not develop here
Equity, stellar, super killer, 1. 92 million. I want to highlight their Wealth Management. That revenue, 4. 4 billion, better sequentially. Margin dipped a little bit at 26 , but that is their breadandbutter and looks very solid. David they put so much investment into Wealth Management they said it is a big part of their future. The margin down a little bit, but they are still doing well. Morgan stanley does more equity trading than others, so there equities are good. Alix Goldman Sachs, the highlight for them was their Investment Banking revenue, but Morgan Stanley showing no signs of letting up. Is 1. 55 compared to an estimate of 1. 3, so they are beating there. Alix joining us are Alison Williams, and on the phone is can leon. He is a buy rating on Morgan Stanley with a price target of 59. You are big takeaway . Is an i would say ficc little bit of a surprise, but no surprise coming in strong. We expected markets to help their execution, and it looks like they are right on plan. Th
That is not only silent on dreamers but also silent on Border Security, as well, that is not a productive way to begin the debate. Is get to the crux of the issue. The republicans offer whatever they want on daca and Border Security will do the same. The leaders support the proposal by senator grassley that is essentially the president s plan. Lets vote on that first we will have several bipartisan bills to offer and we should focus on the stupid democrats are focused like aar laser on finding a partisan bill that can pass the senate to protect the dreamers and several bipartisan bills excuse me, democrats are focused like a laser on finding a bipartisan bill that can pass the senate to protect the dreamers. Several moderate republicans are working towards that, asin well. The only person who seems most intent or the one person who seems most intent on not getting aa deal is President Trump. President trumps contribution to this debate has been has been to put forward in good faith we
You realize a couple things. I want to show you a couple things here. The things we were fixated on dont change. Concepts and fears, crowds generated when big selloff on corner of wall and broad, they continue. I experienced that firsthand 30 years ago today. Take a look. There werent people flinging themselves off of buildings but there were near Record Number of people gathering outside new york city today to witness history in the making. The opportunity to see incredible drops in the dow right before their eyes. I want to see what it is like when it is in this condition. I wanted to see stock market anyway. Want to see a piece of the action. Neil what they saw was program selling taken to the ultimate art form. As wall streets very biggest players, stepped in and unloaded multibilliondollar blocks of shares. To the end market analysts steadfastly refusing to mention the word crash, to describe what is going on now. They like to look at it a correction that has to work itself out wh
Domestic economy. Dramatic capital outflows everyone is pulling money out of china. It has been going on all summer but the reaction in the market on the losing of Monetary Policy is amazing. Across all Asset Classes, futures up across the board, a gain of 1. 5 on the nasdaq. Everything is gaining. Looking at the 10 year yield, rising as investors sell debt to buy riskier assets. Take a look at european stocks, up across the board. The dax is up 3 . The rest are following up. If you look at commodities, you see gains in copper right now. You see gains in gold right now. You see gains in oil right now and you see movement and currencies as well, the reaction has been global and swift and dramatic and its been across the board. David lets hear the first word vonnie area with begin with american airlines, the company had a better than expected thirdquarter. Earnings Beat Estimates. Says fuel prices helped. Jack dorsey sharing of wealth as he donates 1 3 his stock to employees at 200 milli