Or highs just yesterday alone. Bit of a pullback today. As for the nasdaq, yeah, it closed above 12,000. There was a massive runup in tech stocks again, a pullback is to be expected, and take a look at that, thats what weve got. Got it. Next, vaccine news. Very positive. The centers for Disease Control is telling states to get ready for Vaccine Distribution on a large scale come november the 1st. Which vaccine . Dont know, but this is a firm date and, of course, its right before the election. And it is exactly two months to the election, and the two campaigns are in high gear. Joe biden has reversed himself. He will travel to kenosha today. He said he wouldnt go, now he is going to be the comforter in chief. What will he say to the burnedout Business Owners . President trump goes to pennsylvania. Hell speak at Arnold Palmer airport just east of pittsburgh. Ive got a feeling hell talk about fracking. Stay with us, please. Youve got to say what Speaker Pelosi is saying about her break th
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
We often talk about volume as a validator. With that big rally were seeing back up. Yeah, volume has been much heavier on the down side, on thursday, friday and saturday excuse me thursday, friday and tuesday, we saw much heavier volume than on days when the market was going up in the prior days, like monday, tuesday, wednesday last week. This happens when you get the blow off the tops, and then the skeptics say im not buying more into this,le vote tends to get a lot lighter. Then with when you start seeing the momentum, you have heavy volume, they want to take profits really fast ahead of the next guy, so today the volume is a bit lighter than on the three days where the selloff was really intense all right bob, thank you very much bob pisani lets talk about big tech leading the market higher, can you trust this bounce . Mark lehman is the ceo of J P Securities mike at jones is chairman of caravelle concepts michael, i begin with you. What do you make of the warnings from druggkenmill
Brickandmortar names on the endangered species list. How can you invest in that comeback as well . Plus the need for law and order seems to help President Trump. The new numbers that have him in a deadheat with joe biden. Just how much keeping schools closed will hurt the economy . We have the data behind the 15 trilliondollar answers. All that and so much more on making money. Charles dave asman told you stocks are soaring after three days of step selloffs. You remember august and then the dazzling fall. We have mark tepper, phil blancato, and bull tick Capital Markets strategist, Katherine Rooney veer a i will ask everyone, but i start with you, phil. Is the worst over . No it is not. We have a lot of volatility to come. Election cycles will do that. High valuations will do that. Astrazeneca announcement put concern on the vaccine hunt. I think we blind higher and there will be fits and starts. Charles to we retest the low from yesterday or sort of volatility is here to stay. I think
That is really a threat. Thats not a good thing. My guest this woman Republican National chairwoman donna mcda osterholm. Plus the the man who led the to bes russia investigation until he was taken off the case because of his antitrump breaking overnight the western wildfires reaching epic proportions, with at least attacks. President trumps three dozen dead vulnerabilities are exponentially greater than any thousands of miles of fires and president in modern history. Dangerous air conditions in the peter strzok suspected then u. S. And beyond. 100,000 reward has been and Still Believes president is offered for the gunman involved compromised by russia and he in ambushing two Police Officers joins me this morning. Who are fighting for their very also, epic wildfires. Lives. As the United States fast there is no down time because approaches 200,000 deaths Mother Nature doesnt give us that. Attributed to coronavirus, a deadly wave of fires President Trump holds a packed burning in califo