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
Possible covid19 treatment all in the name of politics. Biden and his very liberal running mate should immediately apologize for the reckless antivaccine rhetoric that they are talking right now, talking about endangering lives and it unmines science. Charles well get reaction from the rnc and along with Fox News Contributor liz peek. All that and so much more on making money. Charles well the markets opened under considerable pressure today, extending the selloff that began late last week. For the most part everyone agrees stocks were over their skis especially growth names that went parabolic in august. What is not agreed how much pull back we should expect. On that note i would like to there are different variety of pullbacks. There could be a shallow downturn. There is pull back to the former breakout roy is old resistance points. There is breakout to the 50 Day Moving Average. Worst one is 50 retracement. You see a pullback of at least 50 of gains that were established from the ma
East peace is in jeopardy and a fiery speech, he defended the obama administrations policies for israel and the palestinians. Backlash from the jewish state and americas incoming president seemingly boiling over with the white house. Mr. Trump calling out president obama and the u. N. In a new series of tweets promising change after january 20th. Well talk about it. In jerusalem, you may have seen, this Prime Minister Benjamin Netanyahu issuing his own televised statement condemning mr. Kerrys comments as antiisrael. A lot of back and forth between ourselves and israel today. Back on the home front, though, amazon facing off against Law Enforcement and bentonville, arkansas. The Online Shopping giant echo device and alexa feature seen as the key to solving a murder. Why isnt amazon going to help the police out . The right to privacy versus Public Safety debate. Im Cheryl Casone in for liz claman on the floor of the New York Stock Exchange. Lets start our countdown. Breaking news wall s
Lets get to the floor show. Traders standing by at the new york stock exchange, cme, and the nymex. Uni have talked many times about what the year was going to bring, but the bigger question is what could hurt this rally in 2014. Like you said, we have talked about the positive effect we have seen. I think what could really hurt the market is going to be too much tapering. Going too far too fast. The government needs to look at this and do it in n orderly fashion. While doing so disseminate information to the public so there is transparency and investors feel like they know whats going on. If there is too much too fast the economy can a kind of shake around a little bit which is the last thing that we need right now. They have the luxury of having a finger on the pulse of the cable to make adjustments on the flight. The precise movements will be correlated. We will see that in our markets and economy. Cheryl i want to jump to the nymex. We are looking at oil. I want to get your take on
Additional boost to talk about which well talk about now. Yeah, certainly did. Joining us now to help break down the day is mark travis from Intrepid Capital fun, steve grasso will join us, and Rick Santelli is with us as well. Mark, begin with you. Nice to see you. Glad to be here, scott. This whole day into perspective and what youre thinking about the market, given everything thats out there, syria, taper, you name it. Well, i think that the market has decided maybe syrias not going to happen after all. If it is, it will be kind of a pinprick. And the jobs report on friday, let the air out of the taper bubble . Yeah. Taper talk . And so, you know, youve got a relief rally at this point that, you know, makes us feel better. Im not sure were not just spinning in place, which has been my point of view really since may when rates started to rise. So youre cautious now still . Because an hour ago we had a panel on. They were 100 bullish. Biggest bull market in our lifetime or our careers