Stocks stumbled out of gate. This is blowoff of november to remember. Reversal that may have been sparked by record homebuilder sent meant. Some think the market is too optimistic and toppy. They say it has gone full bull. Is it time to buy or sell. Of course those ceos of facebook and twitter, they are more contrite this time around in latest capitol hill hearing. Republicans and Democratic Senators are both admonishing them for abuse of power. Well continue with a life report, get reaction from tennessee senator Marsha Blackburn. All that and so much more on making money. Charles a little bit after trap door as the market opens for trading today. The s p 500 now though, remember yesterday hit new alltime highs. So the selling really is natural considering that it has been 12 trading days in november where the s p is up almost 11 . The dow is up more than 13 . In fact there is sort of a growing feeling the market is ahead of itself. That is the conclusion which bank of america in its
But also a very special welcome to our cspan audience who will be following this event on cspan2 today, and were delighted to have you here, if only virtually, and delighted to have everyone who was been ablo participate in this discussion. This i think is going to be one of the most interesting and significant events that weve done here at hudson, particularly given the fact that we are less than a week away from the election when so many of these issues that were going to be talking about today, the question of what america is going to do, where americas going to go from here, those issues are going to be decided very, very soon. And so what happens in our discussion here i think will help us to understand as a guide to what takes place, regardless of who it is who will be sitting in the oval office come january january 21. I want to say a few words about our distinguished guest. Robert obrien was born in los angeles and graduated from the university of california berkeley with a law
Anything on the market. Reporter it accelerates our capacity to test for the coronavirus. Will bring 1. 4 tests on board next week. And 5 million in a month. I dont think well need anything like that. Trish the state of new york thanks to Governor Cuomo is becoming a template on how to test setting up driveby stops. The president praising comores efforts the president praising cuomos efforts. This is the bipartisanship we need. President trump i just spoke with Governor Cuomo. We had a good conversation. We are working strongly with many states including new york. Trish Governor Cuomo doing the same. I want to thank the president and Vice President for their receptivity to the idea. And i want to thank them for their quick turnaround. Rib its an important step. Its critical we know who has this. We must test for the virus to stop the threat of it. South korea helped stop the spread of the virus by discovering who had it. The left and the right united to fight this crisis. This is what
Parts here today. Some are literal. The princess cruise ship is one. Theyre watching throughout the day as it makes its way to the port of oakland. It is supposed to dock around 3 00 this afternoon. Well talk about that, oil off the bat with our buddy phil flynn out in chicago, price futures group, senior strategist at cme. We talked about it last week, phil. You and i were going back and forth about russia and saudi arabia. Now we have the true price war breaking out that has consequences in places like texas and north dakota. Take us through what youre thinking about today . What im thinking about is were learning today, not always is a low price for oil good for everything. There is concerns for banks, oil producers, the general overall market. Having said that, there is some hope, you know, right now with the talks of stimulus. Maybe we can pull off the lows right now. There are old saying in the business low prices cure low prices but this breakup of opec and russia, this opec plu
Anything on the market. Reporter it accelerates our capacity to test for the coronavirus. It will bring 1. 4 tests on board next week. And 5 million in a month. I dont think well need anything like that. Trish the state of new york thanks to Governor Cuomo is becoming a template on how to test setting up driveby stops. The president praising comores efforts the president praising cuomos efforts. This is the bipartisanship we need. President trump i just spoke with Governor Cuomo. We had a good conversation. We are working strongly with many states including new york. Trish Governor Cuomo doing the same. I want to thank the president and Vice President for their receptivity to the idea. And i want to thank them for their quick turnaround. Rib its an important step. Its critical we know who has this. We must test for the virus to stop the threat of it. South korea helped stop the spread of the virus by discovering who had it. The left and the right united to fight this crisis. This is wh