Headlines hit on the coronavirus. New york city is halting all inperson learning starting tomorrow it comes as the number of coronavirus cases and hospitalizations are skyrocketing nationwide. And a new all time high for s p. We have a Record Number of cases of covid in america and retailers are hitting an all time high. How can this be . The haves and havenots kudos to karen and tim target numbers were extraordinary. It should come as no surprise. Thats a name we have talked about. If you love walmart at their valuation, you have to love target at theirs walmart quarter i thought was very good. There are a lot of good individual stories, but i dont think it speaks to the economy per se there are names we also mention that seem to be topping out. The price action in restoration hardware, William Sonoma and we dont need to go down the road of what they sell. Those stocks popped out a couple of weeks ago thats concerning. Do you want to play at the 100 earnings table, gap earnings on the
Ask yourselves now that nearly all the big tech outfits reported and a day the market rebounded from its lows. S p jumping 1. 19 and the nasdaq surging 1. 69 . All right. It didnt make back everything it lost, but like i said, nobody ever made any money panicking. If you panicked yesterday, always a better time there is a whole network of smart, rigorous Money Managers who believe apple, amazon have become ridiculously expectative. Downright danger to zone they dont welcome the possibility that these could be worth trillions of dollars im not kidding, every day same goes for their compadres netflix and microsoft. There are tons of stocks in this market way too expensive by any traditional valuation metrics. However, that does not include facebook, apple, amazon, maybe alphabet say nothing of microsoft only netflix is one that i think is a bit of an outlier this is 2020, not 2000 that being the dotcom boom with the exception of amazon and netflix, all of these big tech stocks are valued
Going on in the reeled world, roy wood, jr. On the vote and the crazy plot to kidnap the michigan governor. Lets do this. From trevors couch in new york city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Alsos be honest guys, there have been a lot of upsetting news over the last few weeks. Suks months, year and a half, four years and it only seems to be getting worse. Coronavirus, the supreme court, election anxiety, emily in paris, the list goes on and on. But it turns out there is still good news out there. So lets de compress for a moment with another installment of our ongoing segment, a ray of sunshine. Lets kick things off in peru, the country best known for its adorable living pun atas. Luke most of the world the south american nation has been in lockdown for coronavirus. But this week it reopened its biggest attraction for one lucky guy. Patients have paid off for a japanese tourist who refused to let the pandemic ruin his trip
Welcome to the daily social distancing show, im trevor noah. Today is wednesday the 14th of october. Which means that if you live in kansas, rhode island or tennessee early voting is now open in your state. So go out there, get your vote in early because that way youll get the house to yourself when all your roommates are voting on election day. Think about it, it will be the first alone time you have gotten all year. And you know what that means shake up a martini and celebrate being home alone, baby, yeah, anyway coming up on tonights show we catch up on what is going on in the reeled world, roy wood, jr. On the vote and the crazy plot to kidnap the michigan governor. Lets do this. From trevors couch in new york city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Alsos be honest guys, there have been a lot of upsetting news over the last few weeks. Suks months, year and a half, four years and it only seems to be getting worse. Coronav
Strongso getting some data coming through and it comes to pending home sales. The month on month number blowing past expectations. We do better on a month by month basis of 8. 8 . That was well above expectations. That takes the nonseasonally adjusted year on year number two 20. 5 . This is a market that has come back in a really big way. Alix and continues to stay strong, like auto sales, undermining that fall off a cliff scenario. ,ast night, the highlights president trump, democratic nominee joe biden, which a debate, but turned out to be a boxing match. Everyone knows hes a liar. Pres. Trump you are the liar. You graduated last in your class. Mr. Biden you are the worst president america has ever had. Pres. Trump when needed, i wear masks. I dont wear masks like him. He could be speaking to hundred feet away from you and he shows up with the biggest mask ive ever seen. What is the Trump Health Care plan . Pres. Trump first of all, i guess i am debating you, not him, but thats ok. I