Well watch that very closely. Were all over the country right now as these counts go on and on. In the case of georgia, talk of a recount. Hillary vaughn is in wilmington, delaware, where the former Vice President is due to saw something to say something, and jeff flock in milwaukee, wisconsin. Of course, the state has already been called further former Vice President , but for the former Vice President , but the trump folks are saying not so fast. To Hillary Vaughn first, two states closely statute newsed right now scrutinized right now. Reporter sources telling fox news the president does not plan to concede at the moment, but he is planning on calling for a i recount in tight races like in georgia and also planning on battling it out in the courts in states like nevada where the Campaign Just filed a lawsuit late last night in clark county and wants a hearing in front of a judge by 5 p. M. Today. In georgia just over 1500 votes separating the two candidates, making the case clear fo
Joe bidens plans might not be that helpful for the market no matter what moodys says. We raised a issue about moodys. Theyre saying it would be stimulative to the recovery. Moodys is a Municipal Bond rating firm. Under democrats generally a very a buoyant. News out of new york, Governor Cuomo says movie nighters outside of new york can open at 25 capacity. Here is the trouble. Those in the city dont think about it. One in Staten Island, owner of that theater does everything and anything he can to protect those that to go to his theater. Looks like he cant. For wait some time. Is that fair or balanced . We pick apart the theaters. You decide. Were keeping a very, very close eye on the real life movie playing out over stimulus. Right now growing confusion over nancy pelosi socalled 48hour deadline to come up with something from the white house, presumably. Republicans more generally to respond to her sort of bottom line deadline, get it done by tuesday or it is after the election. Lets g
Economy some more and the dow will hit, wait for it, 32,000 this year. Thats optimism. Were at 29,000 right now. Then theres this, the New York Times issues its endorsement for the democrats nominee. The times is the bible of the Democrat Party and they split their decision. Theyve endorsed Amy Klobuchar and Elizabeth Warren. This is fascinating. Not biden, not bernie, not the former mayor of new york, bloomberg, no, left and far left is the times choice. Later today, the president flies off to the global elite get together known as davos. Picture this, please, the president fresh off trade wins and a growing prosperous economy, addressing over there while the trump haters over here try to impeach him. Im not keen on the expression but you cant make it up. Varney company the tenth Anniversary Edition is about to begin. Stuart watch out. Situation, step aside. I dont have tattoos and i wear a baseball cap the right way around but im going to fit right in, google. Weather, new york today
Charles the dow nearly 300 point higher, topping 27,000 as big banks beat this morning. Third quarter earnings season has indeed kicked off with a bang today. Jpmorgan, goldman, wells fargo, citigroup, blackrock all reported ahead of earnings open this morning. Just the two banks alone, jpmorgan, they have got 10,600 branches. They give us a great view of domestic economy. Jamie dimon saying the American Consumer is going strong. What does that mean for the stock Market Going Forward . Joining me nuveen equity strategist bob doll. Thanks for joining us. Thank you. Charles so far so good for the week 23 S P Companies reported. 91 have beat. Wont be all that good but what are we getting so far. The strength of consumer. We have yet to hear from Manufacturing Companies where things are more questionable. We need stabilization in manufacturing here and overseas. Germany, china, pmis, the isms, get a little stabilization there i think we get a lift. Charles when jamie dimon this morning tal
Charles let me go to you first on whether the president disrupted the message. You know im in a town right now that is hungering for these tax cuts a lot of them pay at the top advertised rate the Sticker Price rate, odd as that seems and they want to see it, so whatever their political persuasion they get a little concerned when the president goes off topic. Do you . Charles id like to see a little more care with the stick because you know, President Trump comes from the Business World hes dealing with congress and youd think that an elected official will look out for the peoples business and not necessarily making decisions based on their own egos that may not be the case so that being said, you know what works in business you can have tough tactics and in that making a deal and even being friends with the person across the table from you. It doesnt work or hasnt worked that way in a long time in washington d. C. And thats unfortunate. Neil what worried me about the language back and