Look at the s p 500 at 2978, a 55point gain and there is the nasdaq the outperformer yet again, almost 2. 25 , 200 points, 9387 the nasdaq, not all that far away from last februarys highs, which our headliner says this hour is going to happen this year and not just the nasdaq so lets welcome in fund strats tom lee. He is joining us via skype tom, welcome back. Nice to see you again. Thanks for having me. Big call. How are we going to get there this year, tom you say 3450 is happening . Yes, and i think what really drives our view is that companies in the midst of the shutdown arent standing still you know, theyre reengineering their operations, learning how to be digital, run with fewer employees and less real estate so in 2021, as we exit this pandemic, theyre going to generate higher earnings on a lower level of sales and that means implied better pes. And thats why we get into july, stocks will start discounting that and were looking for new high hi highs. Youre looking for a vshape
Elected president in my opinion, the market drops 25 . We are americans. We believe in making these investments to create lots of opportunity. We are happy to do it. All were saying is if you make it big, i mean really big, i mean one tenth of 1 big, pitch in two cents so everybody else gets a chance to make it now lets welcome in Lee Cooperman, joining us today from florida, should let you know we invited senator warren to take part in this conversation with us today and we have not heard back from her campaign Lee Cooperman, as you can see is here its good to see you thanks. Youve created all the problems for me the whole thing started at delivering alpha im not a political analyst, im a financial analyst. It was your words, not mine, lee. Yeah. The only i would like to modify my words a little bit first of all, i want to say the significance of an event for the stock market is a function of what the stock market is discounting at the time the event occurs the market at 3,050 whereve
Hes never had a call like this one he says 2 people that were on board that plane were going to be sent. 2 stanford medical, but both deny treatment and no injuries were reported now we later see that in this dramatic Instagram Video take a look at that video again the coast guard says 2 planes were flying together when one of them went down with a man and woman inside. The pilot of the plane that went down as david less use a skier and popular brand owner of her t ca outerwear his friend was flying in the second plane when he shot that Instagram Video and contacted air traffic control. The plane went down off Half Moon Bay just before 06 00pm and sunk about 5 miles west of Pillar Point Harbor and 9 miles south from that area as the coast guard returned from their search they brought back and recover 2 pairs of shoes and a tiny piece of that plane now again both lesh and his passenger are alive and well theyre later seen on the same Instagram Account smiling after the crash. Kudos to a
I want to get into that. Youve uncovered pretty profound stuff here relative to the 45th president of the United States. The first question i have this book called, the man who sold america trump and the unraveling of the american story. Tell me why did you write the book and why now . First of all sophia, i want to say thank you. Its a pleasure to talk to you. I have to tell you, the reason i wrote the book principally is just because covering this president , covering donald trump is like a firehose of news constantly coming at you. Of bad things. They each erase the thing before. In one day, you can have 10 headlines where the first one for any other president would have been catastrophic and maybe presidency and the bit and then that gets erased from the memory hole literally, sometimes within the same day. The main reason i wrote the book was just to preserve the history. As much as i could get in before its gone to be honest. Before we forget whats happening. I think this preside
How much money do you think youll need in retirement . Then we found out how many years that money would last them. How long do you think well keep oooooohhh you stopped youre gonna leave me back here at year 9 . How did this happen . It turned out, a lot of people fell short, of even the average length of retirement. We have to think about not when we expect to live to, but when we could live to. Lets plan for income that lasts all our years in retirement. Prudential. Bring your challenges. Has crazy low prices. Do you know how we do it . How . Bargainomics say, if california has a bumper crop and produces too many oranges. Or a winemaker in sonoma suddenly has 1000 bottles too many. Weve got namebrand, topquality groceries priced 4070 off every day. Bargainomics. Thats our Business Model. And our Business Model is. Delicious. Grocery outlet bargain Market Reaction pouring in tonight, after a verdict in the kate steinle murder trial. Right now, a developing story. Reaction pouring in