Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
People say droll powells untalented in worthless but you see how difficult it is to blast the money got it takes some skill they have to go to the college coming and. Join me every thursday on the alex simon show and ill be speaking to guest of the world of politics sport this list im showbusiness ill see you then. This is boom thats the one business show you cant afford to miss unfair montecito going to washington coming out the next president of the United States in jail and the tide it but it doesnt seem to bother wall street well explain the big rally for attack as the vote continue to mend. Fences on enjoying things today and california voters approve the proposition to keep mover and left drivers contractors will try to economics professor richard wolf about what this means for our faith we have a lot to get to so lets get started. U. S. President ial Election Results theyre still coming in with some pretty big states still in question and really its it seems like its too close t
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
After one more record shattering day. The dow advancing and s p gaining 1. 22 . Time for wardrobe change why put on a sweater when its 80 degrees outside because my late mother, cramer, gave me great advice many years ago. Mom loved the stock market but more than that, she loved gambling she loved the ponies the races and liberty raceway. Loved the daily double most of all, she loved the slots. Im more of a blackjack guy. Mom couldnt buy a onearmed bandit throwing away some money. Funny thing, though. She there is us in Atlantic City funny thing, she always had good luck at this game of chance. Im not talking about a row of cherries but peaches, plums, even three bars. One time not long before she passed 35 years ago, we went fishing off her favorite pier and then headed uptown to resorts, thats the one she wanted to play she was an Unstoppable Force she pulled and pulled and the worst she caught was three lemons there was a pile of coins so high, didnt matter. She was hot, hot, hot. A
This is the w. Business im joined on in berlin thanks for joining us we start with the European Commission which has approved plans to set up a 500000000000 euro support fun for businesses affected by the Coronavirus Crisis the plan had been introduced by germany and is set to rescue the hardest hit economies in the block earlier this week that lowered its Economic Outlook and is now expecting a contraction of 8. 7 percent. Now speaking of the e. U. French train maker alice though is waiting for an e. U. Approval so that it can buy brigades rail union at state of course is the creation of a european champion to counter chinese dominance in the Railway Industry heres a look at the sectors key players. European Rolling Stock manufacturers face serious competition from china c. R. C. As the world leader with a turnover of over 20900000000 euro as the Chinese State owned john does business in more than 100 countries ill still was way behind in 2nd place number 3 is germany siemens the e. U