The dow did go down. The nasdaq went down 4 or 5 . I spent the better part of this year studying the pandemic i was right. You know what we just cover . The professionals are not the only covid that matters. We have a Massive Group of investors who become professionals. They dont care about the same thing as the experts theyre the ones who were the marginal buyers and sellers. The investors have changed the entire character of the market what made you not be able to sleep at night it was very little belief in stocks for the past 20 years, the convention says stocks could no longer be trusted. They continue to lose their values way too quickly when something goes wrong on top of that, the convention only a fool to try to pick individual stocks. You may as well stop trying to beat the mark and put some of your money in an index fund and invest safely in bonds the last eight months, that convention has been stood on its head by a new generation of investors after the rise of Commission Fr
We ran on the theme of faith, family, and freedom. And we lost. In 1990,d it again running on faith, family, and freedom. And we lost. Meanwhile we started our statewideke started a radio show. We were content. And then we found a calling in 1999. Three kids, we were settled. Right there. Then we found the calling to run again. Guess what theme we ran on . Freedom. Mily, and thats right. Mike served for 12 years in the United States congress. , he rode to the thirdhighest position in leadership and he fought for our freedom. During that time, he would travel back and forth to indiana. But he would, unless there was a plane issue, he would be home and we would worship together on sundays. During that time he made sure that our family was a priority. I remember their first violin recital when he came home and said charlotte, im not going to miss your violin recital. I told president bush i cant come to the white house tonight because i need to be at your violin recital. And then in 2012,
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Hurricane laura nears the u. S. Gulf coast. Massive activations take lace for fears the storm could drive 30 miles inland, causing massive damage. Jobgermany extends preserving subsidies until 2021, as europes with this economy recovers from the coronavirus. This as the japanese official warns over a second wave. It has just gone 6 00 a. M. In london, 9 00 a. M. In the difc in dubai. We will spend a lot of time talking about specificity. [laughter] hopefully at got that right. Put it to you this way, the end is reallyael well anchored in the u. S. I see those as being the two risks if there is a lack of specificity. Annmarie you make a good point. It is clearly going to be center stage. Writes, theper dollar is the guest of honor even if it doesnt want to be. Can we see more u. S. Dollar unwinding . Of course, this is the bond market moment. It comes back to the conversation we had on monday with a great Bloomberg Businessweek satire speech. They said no, i stuff, jay powell. Manus exa
And germany extending it until 2021. Good morning. Incremental news around trade and the coronavirus is helping some of these assets continue to trade to the upside. He stoxx 00, up. 6 . U. S. Yields are 70 basis points, a little bit has changed there. Looking ahead to the fiveyear option of 51 billion. Then the australians were able to sell 21 billion aussie dollars smashing records. Folks at Jpmorgan Morgan say we could see 100 if shinzo abe bow out. W. T. I. , this is a fivemonth high. Remember that the hurricane is likely to hit some of americas largest Oil Refineries which would imply a shut down for months. 18 billion in potential damages. Coming up, trading the from the economy for the first time. European Exchange Traded funds are attracting the nasdaq. They have attracted more funds this year than funds tracking the s p 500. Lets get to the first word news. Get you to some of the other stories were watching. Germany is extending the job program that kept millons on unemploymen