Disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even when california announced that it
More than 90 have topped their earnings and sales expectations which are ridiculous numbers. Shows how hard it is to try to predict these accurately. But the bar is also high for companies. They really have to beat by a lot. Investors are expecting it, and so if they dont, you can see pullbacks. Overall, earnings season is a great time for the market. Its averaged about a 4 gain over the last four quarters. During the five weeks when its really at its peak. I think its pretty important for us. Jack thank you, ben. One area where were seeing very little good news, jack, we heard Regal Cinemas were shutting more than 500 theaters, and worst of all, wonder woman put off, james bond, batman. Whats happening in the movie business . Well, if you take wonder woman as an example, we were supposed to get that in june, then pushed back to october. The latest i heard is december, but as you say, jack, if you see a wide theater release of that movie this year, i will dress as wonder woman on the l
Sales and the stock is hitting new highs. And finally teslas tumble, why the street is mixed on what actually came out of the companys battery day event yesterday. J j, though, jim, going to be the lead and you just called it maybe the best company we have in this country. Yeah, look, i think that i like triple a balance sheet, i like a company that continues to make the numbers, i like a company that pays a good dividend, has the best pipeline, most robust pipeline in pharmaceuticals and i like a company thats not a hype company. The fact that they are ready to do their vaccine now, full disclosure i am attempting to get into the trial, i think its everybodys duty to get into the trial they are the only one emphasizing the atrisk people they want people who we view as people who we need to protect. I dont hear that from any of the other companies. I like the fact they are willing to give it to their whole employee base. This is the way i think it should be done and i know people are c
Activist investor nelson pelts disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even whe
Engaged in throughout the country today . Well, its a very good day to be reminded of what the founding of america really means, and to really consider the things of which are founders really put this american experiment together, and literally change the course of history. I think about, you know, my grandparents and great grandparents they came to this country for Economic Opportunity and religious freedom, and i think about the many ways also that we have sort of forgotten about the importance of the constitution and our founding documents. And its a really good time to refocus and Pay Attention again to what they really mean and what you they mean for our fut. Fantastic. And throughout the country today we are in late september. Schools are open all across the country in ways weve never seen before. Theres all virtual. This hybrid. Even in the network of schools that are used to lead in new york, 85 of the parents said they want to learn virtually. Whats your view of whats happenin