Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
Bouncing back a little. Remember, please, this is how we started out monday. It ended badly. All right, walk into a super market just about anywhere in the world and several aisles will be dominated by proctor gamble. Here is the news. They are doing very well. Profit is up, revenue is up, outlook outbeat and p j, one more example of companies turning in Strong Financial results and the stock is up. On the campaign trail, joe biden stays home. No media appearances for 4 days. How convenient. Hes safe from pesty reporter questions and gaffes and fatigue. Hes preparing for thursdays debate and for the rules for that debate have changed. Theyll be a mute button to kill mike mic of candidate if he he running over time. So keeping it out of the debate is in my opinion a form of bias against trump. Another development, in pennsylvania, the Supreme Court says they can keep counting mailin ballots for 3 days after election day. That means the delayed result in a swing state, dispute guarantied
About the blockbuster revelations about hunter biden, biden got a pass, the network fix was in, beat up trump, give biden a pass. We do have news on the stimulus. A little give on the part of the white house, Speaker Pelosi and secretary mnuchin have agreed on the democrats Virus Testing strategy. It is not much, a strong report on retail sales just came out, a halfhour ago, big loss for the stocks yesterday but a rebound today in part on the back of the retail sales report. The dow is up triple digits 130 points, the nasdaq, 93 94 points higher. Censorship are very much in the news, social media may be in trouble after blocking coverage of the bombshell allegations against hunter biden, the authorities are taking a close look at facebook, twitter and other social media liability immunity after four years of obvious media biased in social media censorships and is there any doubt that you are blocked so frequently from seeing or hearing conservative opinion. We will get more on that com
We . President trump threatened to release the full tape of his 60 minutes interview before the edited version and sunday night. He wants to show the leslie, interviewer was hostile and dismissed allegations of hunter biden as unverified. The media stacks the deck against the president. 60 minutes also interviewed joe biden. I wonder if he was asked about the emails which are being confirmed by fox that suggest china paid off the bidens with millions of dollars. So far he has not answered those questions publicly. He should because we may be electing a president under the influence of chinese money. Theres another court ruling that could they an election result in North Carolina absentee ballots may be counted 9 days after election day so long as they were mailed by november 3rd. Pennsylvania counted the count deadline by 3 days. Bottom line, if its close theyll be a delay. And if theres a delay, itll be contested and thats when things getting usually. Its time we dealt with your money
Heavily political negotiation we said we cannot tell what is going to happen. The market seems to believe there will be some kind of stimulus, the dow up this morning up 150 and nasdaq of 171. Plenty of green on expectation of a stimulus deal. As for the white house, doctor sean conley says the president has responded extremely well to treatment. And expects him to return to public engagement, mr. Trump is going to do just that, hes going to florida for a rally tomorrow. Speaker pelosi questioning the president s fitness for office, she intends to bring up the 25th amendment to the constitution which is about the presidencapacity to function. On the one hand they negotiating training in dollar stimulus plan and on the other the speaker questions mr. Trumps ability to run the country. To the debates, more confusion. Mr. Trump will not participate if its virtual, joe biden says he will be there anyway. But he has scheduled a town hall with abc on debate day, october 15 and a raging debat