Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Couple of days over 8 if you are looking at five days. If you were expecting a quick pull back, you are not getting it s p futures are off by 8. 5 nasdaq off by 31 all three major averages have lost all three of the gains for 2020 so far. We have looked at treasury yields so far. If that goes up, a tick higher well take anything. It is hard to take the big drop when you have one day at 22 keeping things in perspective. Our top corporate story. Disney ceo bob iger is handing offer the keys to the Magic Kingdom immediately. Hes not going anywhere i have a theory this beautiful succession is so orderly it is weird that it comes down to, oh, im leaving today. I want to hear what you know and some of your water cooler scuttlebutt. And go wild. My son informed me yesterday, bob iger is stepping down. Replaced by bob chapek hes been there a long time. Head of the global parks unlike Nbc Universal hes not a content guy hes a parks guy we think of it differently at comcast. Parks are important
President trump knew exactly what was going on. He was aware of all of my movements. He, i wouldnt do anything without consent of Rudy Giuliani or the president. It wasnt just military aid. It was all aid. Basically the relationships would be soured. Several demands at that point. The most important one was announcement of the biden investigation. Neil consider what lev parnas was saying and accusing Rudy Giuliani of, president of the united states, and by extension the Vice President of the united states, that they were misrepresenting themself. This was not going after corruption in ukraine, individual event by individual event, visit by visit, it was all to get dirt on bidens. A lot of people dismissed that, including White House Press secretary, this is guy is trying to do being attractions to reduce time in prison. The surgical interview Rachel Maddow conducted last night, whether youre a fan of that rival network, did present in a way the arguments, this was about chasing corrupt
Trump card which is the economy. Americansare deeply divided over impeachment showing over half of voters, 51 , believe trump should not be impeached and removed from office compared to 45 that is reverse where the numbers stood before the many hours of hearings. Before they began, more voters voted for impeachment than against it the data on the economy is unequivocal. Showing three quarters of voters have it any time in the past 18 years. For those who believe the economy is on the right track approve. The white house wants to capitalize and that angry letter sent yesterday he wrote that, quote, democrats are desperate. Your party simply cannot compete with our record. Thank you. One of the Big Questions is the proxy for the election a lot of people have said, dont impeach. Lets wait and deal with this election and see where the public stands. If you have a group of candidates arguing that you need to bump up this election because of trump what does that suggest one of the interestin
The close even though it had been there intraday. Beenrange chart we have looking at for months, weeks, it is starting to turn bullish. The range between roughly 2600 and 2800, all back to the since the rally stalled, we have been stuck 3000. To between 2300 and note the higher lows. Theof them put in just over next few weeks or so. The rising moving average tells you that the trend is up. The longterm bulls are supporting the market. Making alike it is break to the upside. Should this work, we could see the s p 500 climbed toward maybe even 3200. Again, this chart is starting to turn bullish, maybe suggesting that the earnings season will remain positive. For me continue to be on the chipmakers. You have seen some relative outperformance recently. Closing up about 2. 2 percent. A lot of Underlying Companies driving this. An 11 monthng high. Other Companies Like intel, which have exposure to apple, keep pushing it higher after we hear about strong iphone 11 demand. If you take a look a