The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and spin classes were kaput many tried to crash peloton hol
Ellison its going to be an incredible combination and i said you know do me a favor could you put up 5000000000. 00 into a fund for education so we could educate people as do real history of our country the really. Great. Turning us now to discuss our boom bust cohost spence juan and chrystia i kristie break this all down for us what changed between friday and saturday. Nothing really changed the only thing that changed was that trump ran out of time due to the deadlines that he consults set in place so he announced that this deal was approved in theory in mind and so a lot can still happen because remember last year the trade war a we have an agreement now we dont but a were really close now but oh no theres one more provision that we want so that kind of back and forth went on and on and blew through every single deadline during the trade war so the same thing is happening here if. I was deadline that would be the end of it no more negotiation and no big win for him he might say that
Your money as you consider whether you should buy this stock as well. Ive got great guests today to go over 24 as welthis as well the Investment Committee is here as always. And were anticipating the ipo and jon fortts interview with Frank Slootman leslie picker is with us too and steve, you wanted an allocation and you didnt get it, but you why did you want a piece of this action well, i readprospectus, a strange thing to do for a great deal and the growth is phenomenal when they cite their retention rate, it is 158 which means that they are upselling, their accounts are taking on more are product. So i love the cloud. This is ai for the cloud it has a blue chip list of clients of accounts. So why wouldnt you want it. You dont find that growth anywhere and so everything checked on the box. So maybe if brad will give me some of his, well continue our friendship looking forward to that. And i have Pete Najarian who called in who is unhappy as well you wanted a piece of this too and you
President trump arrives in california today in a smoky haze is blaming the wildfires plaguing the west coast. Not on Climate Change but on the failure to properly manage the forests this came up in a public discussion between the president and governor newsome and those 2 kept a very civil very point. The governor has acknowledged that Forest Management is an issue but not the issue newsome pointing out that most forest land in california is federally owned still should our leaders be addressing more thoroughly both concepts Climate Change and Forest Management i asked our political analysts. Over 45 of californias 33 million acres are controlled by the u. S. Forest service and therefore its measured budget has all gone to fighting fires. So trump can blame this all in california. And you can remove Climate Change from the equation. The droughts are killing all vegetation that are tinder for fires. We didnt have fire tornadoes before the world got warmer, super fires are now the norm n
Japans ruling party gets set to pick a new leader. The next Prime Ministers have a tough task of leading the nation after the pandemic. Shery lets get you started with a quick check of how markets are trading. U. S. Futures up. 4 . This of course after tapping the worst week since march. We continue to see the selloff and idiosyncratic news. Softbank changing options Investment Strategy leading to selling picking up any friday session. Not to mention the tech stock reversed gains after china said it opposes a fourth sale of tiktok. We have the nasdaq composite really under pressure in the u. S. Session on friday, down. 6 . Take a look at what oil is doing because we are coming off of its back its worst back to back weeks since april. Nothing on oil prices, tomention concern about opecs production compliance. Wti at the moment at around 37 a barrel, gaining about. 5 . Lets get a quick check of our asia of how asia is setting up. Sophie we are nearing the halfway mark for september and t