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10month high. Mashlgts are chasing histories this morning. Dows within 79 points of an alltime intraday high, jim, looks like we might get it closer to the open than some thought. Its interesting. Its the makeup. The makeup is extraordinary. It is completely trumprelated. This expansion in the banks is not just because of regulation, but its also because of Interest Rates going higher but also because people feel loan growth is going to be better, people feel lower taxes. So that group is a leader. That group has been when that group leads, carl, thats a freight train. Its always been a freight train. One remembers the 9192 come out of recession led by the banks, led by bank of america, what you saw there was a juggernaut. And those who said, hey, that cant last. Well, theyre not in the business anymore. Everyones weighing in. Icahn with wapner yesterday. Donald trump this morning saying he sold all his gold. Hes long the dollar. Long materials, short u. S. Bonds, short italian bonds.
Election. What do you do here . The rotation in the financials and i think you can stick with those. Yesterday i took off a lot of the financial positions, took off a few more today. Scott, when you look at whats going on now, howard ludnick was on last night talking about how regulations, if those were put down a little bit, a little bit softer, druckenmiller again said exactly the same thing. If thats the case, that means the financials have room to run and theres plenty of room. There might be even more room. The paper we have been seeing flowing in there, 95,000 bank of america calls were bought yesterday midday, scott. And then sudden ly they come in today for the xlf. Theyve been coming in for almost anything financial. E trade was just a few days ago. They continue to come in for those. When i say they, i mean those with big, big, deep pockets coming in saying the financials are going high. Is this a play out of tech into more cyclical, more value areas, if you will, industrials
Whoosh its about using it at home and not worrying about the door knock. Steve california pot smokers breathing a little easier legalize its recretational use. What you need to know at the new law coming up on n four news in prime time. Return pam now at 8. Donald trump is the president elect. Something drawing thousands to the streets across the country not in celebration but in protest. Pam you are looking at video from our helicopter partnership with abc 7 news. People taking to the streets across the nation. Pam people gathering outside trump tower both in new york and chicago. Thank you for joining us. Im pam moore. Steve and im steve aveson. Tonight we have team all out glenn on in thatvicki liviakis is here to show us the dramatic east tracking a protest right now all one of all the pam but first breaking news out election protest going on. Thousands of people are on they have been protesting since earlier this evening. Pam so far, the protest has been peaceful. Although there h
And intelligence bleep this, all of it choke it down, now available everywhere. bleep over here. Announcer its the late show with Stephen Colbert tonight, stephen welcomes sting Thandie Newton featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen hey hey, everybody thank you so much thank you down here, up there nice to see you nice to be seen. Thank you audience chanting stephen . Stephen thats nice. Thanks, everybody. cheers and applause stephen welcome to the late show, everybody. Thank you so much. Welcome to the late show. I am your host, Stephen Colbert. cheers and applause hey, so this is all still happening. Donald trump is really going to be the next president. audience booing stephen yeah, you have been reading my journal. For a while, i was poking myself with a straight pin to try and wake up from this, but now i keep doing it to feel something. Its so real that trump is now