Runs here. They were safe bets and safe harbors in the middle of that whole virus storm. Apparently proving that even after the fact right now. The point in the selloff, everyone was abandoning stocks, no matter what their business prospects, how many regret doing that now . Knowing that all of those issues have come storming back, in fact race to highs beyond their old highs. And, look at the dow, look at s p 500. Even with the selloff here, five, six Percentage Points away from alltime highs. Not too shabby. A lot of this is built on optimism, today notwithstanding about the reopening of the economy across the board despite more than a dozen case reporting spikes in cases, most say the spikes are manageable. That is really in the eye of the beholder. Jackie deangelis breaking down what were looking at. Reporter good afternoon, neil. You point out the nasdaq is moving higher but the rest of the markets are pulling back. You have the push pull here as market moved high as you know, inv
Outdoor restaurant dining. Were also hearing from new york Governor Cuomo this will follow pretty much what we have seen in upstate new york where eating establishments might not have instore dining but make room outdoors on sidewalks, what have you. People are back to doing what they love to do. If this happens in manhattan, that would be a very, very big development. Easier said than done in some locales because there are things like sidewalks. You cant flood that out into the street here but it is a positive development slowly but surely all the nations urban areas are foaling suit, eventually deshelterring and also, reminding those who do go back, you still have distancing rules to honor. Going to focus on the market just a second here, as stuart just told you. Boeing a big reason for what could be happening here but the fact of the matter were barely, barely up on the day here. I should point out the nasdaq 100 in and out of record territory. The nasdaq a little more than 1 1 2 to
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti
I think anthony is really somebody very much out of control. And he doesnt have what it takes. He really doesnt. He wanted to come back into the administration for the last five months, begging me to come back in. Anthony, i cant take you in, im sorry. He is a nervous, knew rottic wreck. He called so much. I said, anthony, im sorry, i cant do that. I cant take you in. And i said you have got to stop all these phone calls. Too many calls, anthony. I wouldnt take his call. Lo and behold now, he is feels differently. But anthony is upset because he wanted certain things. The main thing he wanted was to come back into the administration. As you remember better than i do, he was a disaster for 11 days. Reporter [inaudible]. We have tremendous coming over from asia, china. It is not our plastic. It places tick floating over in the ocean, various oceans from other places. Plastics are fine. You have to know what to do with them. But other countries are not taking care of their plastic use. Th