Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
Earnings walmart going on a hiring spree. Home buyers are rushing for mortgages. Is the consumer stronger than you think . Power lunch starts now and welcome to power lunch, im Frank Holland in for Tyler Mathisen nike hitting an alltime high soaring 9 on a blowout Earnings Report Johnson Johnson also higher on its vaccine progress for more on whats driving the action, lets get over to bob pisani hey, bob frank, we are sitting at the lows for the day, 3,280 on the s p, about where we ended on friday and the problem is this seesaw in the megacaps and workfromhome names take a look at megacap, this is a down day yesterday was an up day. Monday was generally a down day. You get the idea hard time figuring out what the right values or prices this high same with the workfromhome stocks theres a theory out there that these will be beneficiaries of worsening coronavirus cases in the United States, maybe, but theyre starting to split. Theyre not always up on the stays when some start moving on
A coat this morning. Its a little chilly. I was thinking the same thing. Good morning to you all. Lets bring in rosemary to talk about this. I forgot what that chill in the air felt like until this morning. It is so weird. And my cold . I am glad to see but its a definite change in the weather. Yes. You need socks this morning, for sure. We are a little bit cooler and we will be cooler for today but it wont last. We start a warmup tomorrow and it is a warming trend that will last for a few days and may be several days. For today, the deeper green layer is out there. A bit of an onshore breeze this afternoon. Temptress coming down by a few degrees. I will have a better look at the Current Conditions and what to expect for the afternoon and will look at the rest of the weekend coming up in a bit. Truck protests continue around the bay area after the Police Shooting of jake it jacob blake in kenosha, wisconsin. Demonstration dancers are calling to an end to Police Brutality. How san joses
Cannot afford rent and they can still be evicted in the middle of it and then that while not providing them universal basic income or universal Health Coverage with a single pair or medicare or all system because the things that people in other developed countries in the world this is the richest country in the world the United States other people take medicare for all for example Single Parents as they take that for granted and so now you have the certainty of a country that is on top of that continuing to murder people of color in the streets without cause on video and you expect people to somehow react and have no reaction to that and so you know the definition of a failed state in Political Science is a government that they also protect its people and doesnt provide basic services now in the United States more than a 3rd of families with children and no longer or food and and more than. There can no longer afford shelter those who are renting you know in looking at the Public Disco
The mainstream liberal media and im pointing this to r. C. Right now is. Grabbed onto systemic racism and then and thats part of their mantra and the case i suppose could be made for that but the phrase i cant repeat that resonates with me because i think that talks a beyond race its actually a class issue with the ruling elites do not like to to frame things in terms of class and i think nick did a very good job of doing that and im coming from this from a complete servitude perspective here because watching the elites in washington bail out the richest people in the world i think they were are no chance these people are going to go under here and im really disappointed with the g. O. P. I hope theyre not going into the lame stablish when democrats would need to put their toes didnt believe in helping working class a little better ways is its good policy is good. Oh it takes but its not happening r. C. Go ahead well i think that there is no i you know kerry sure exactly could have don