Together in a big stimulus deal. Dont lose track on betting of georgia runoff elections, very important. Trump attorney Rudy Giuliani is in the hospital after testing positive for coronavirus but the fight against election cause continues. Well get the very latest from trump attorney jenna ellis. All that and so much more on making money. Charles well, before i get started, rather, i i want to gie a shoutout and thank you very much to my friend david asman who rocked the house last week when i was out. It seems like a quiet start to the week. Tell you folks there is fireworks underneath the surface a string of highprofile ipos will make their debut including doordash and airbnb later in the week of the question on everyones mind should they chase them out of the gate . No one has a way to play this. Other than the fool theory, if someone doesnt buy it, i will buy it. How do we go about this . Here to hash it out, new constructs ceo david treanor. David, price range of 56 to the 60. Thi
Populating wall street are a bunch of weather man everyday you hear the forecast today the dow slipped some points nasdaq declined 1. 2 it is enough to make you take a meteorologist course to see which way the wind blows seems like both ways blowing at the same time. The tail wind dies and the market goes right back down again. You dont care about todays weather, what good is that for you on the forecast . It is easier said than done. How do you navigate your way through the confusing markets. Starting with the winds from the vaccine. We know it is a huge tail wind for the economy. Once people are vaccinated, we can open everything back to normal and more restaurants and retailers will make it and there will be more jubilation. The jubilation that kohls got underneath its stocks and malls can reopen and troubled retailers can be able to shooure and macys the younger robin hood traders are betting heavily on the cruise line, between the vaccine and soon enough well be able to take a cru
Im Carl Quintanilla with Morgan Brennan and jon fortt from various locations. Dow session high was up 378 on a very busy day for earnings Consumer Confidence tumbling this morning a twoday fed meeting that begins, morgan to tonight we will get a look at starbucks, ford, alphabet, and other major companies. I think peter at Advisory Group hit the discussion, noting the reasons the markets had been optimistic, the rallies in recent weeks, improved testing capacity, hopes about treatments and vaccines moving forward, all bolstering some of the reopening plans in places like most significantly in the last 12 hours, texas plus what is essentially, speaking of the fed meeting, unlimited central bank support which is the key reason youve seen the s p come back it early october 2019 levels, but also, he notes that the economic envoorlt and how thats playing out in treasuries and high yield, the collapse in crude as well, is a very different scenario and given that fact and all the uncertainty
Nosediving 3. 97 . At one point it looked like we would go to war and we were actually lucky, lucky it was only down that much because if things dont break right, were going to be experiencing a lot of weeks that are worse than the depths of the great recession. Why . Were fighting a twofront war in this country. We need to beat the coronavirus, a scourge thats unrelentless easy to catch and requires hospitalization, far more than we can actually provide. At the same time we need to preserve the economy, an economy in many ways is no longer open for business there are 100 million workers who could potentially lose their jobs if we dont shut down covid19 soon. Peoples life savings are going to be pulverized as companies suspend dividends and people sell like a mouse in a fear of an unrelenting panic because they need cash, need cash right now. Its like a slow grind financial hell apocalypse. The plummeting of oil isnt helping either we need to get crude back over 30 or the last of the p
The final hour and we did get some strong earnings from industrial names like Rockwell Automation and speaking of the president s speech, we will have the first reaction from the white house right here on closing bell. A live interview with top economic adviser larry kudlow in just a few minutes from now. And we will ask him for some clarity on china and the status to have the trade negotiations joining us now for the hour is steve grasso from stuart frankel. Kind of a quiet market day here, but perhaps a little bit of upward bias for a while until just the last several minutes. I think its about everything that you just touched on i think its the majority was President Trump, the expectations coming out of that speak that speech at the Economic Club. Was he going to unveil anything that the market didnt already know so once you get through it and there was nothing new that the market could bite into, the market sells off sort of an anticlimactic feel to the whole day. So we had some a