Trillions from washington, more printing by the fed, that is a shot in the arm for stocks. Look at this, the dow industrial is going up maybe 300 points plus at the opening bill. The s p up 33, nasdaq up close to 100 points. Investors are really shrugging off the new round of stay at home and lockdown orders. And restrictions, were new ones in new jersey, ohio and california. And, yes, another case of lawmaker hypocrisy. L. A. County supervisor sheila are cool voted to ban Outdoor Dining at restaurants and then promptly went out for an outdoor meal at her favorite restaurant in santa monica. Youd think theyd learn, wouldnt you . Weve got a big show for you. Were going to introuse you to monetary introduce you to monetary theory. You dont pay for anything. Youll meet the man who declared an autonomous zone around his bar. Now, that is defiance. And youll meet the california guy who is flipping burgers on the sidewalk because they shut his restaurant down. And today, yes, we have got a T
Washington post. That is happening in michigan. Stop the count was the chant there. I want to take you to arizona yesterday. We talked about arizona, a razor thin margin there. Zona state, that associate associate press and fox news called for joe biden. Gathering outside the State Capitol in arizona, supporters of President Trump calling for the ballots to continue to be counted. They believe President Trump still has a chance to win arizonasnd one of republican members of congress, paul gosar, joint one of those gatherings in the state capital yesterday. Here is some of the scene that he posted from that gathering. You can hear the count devote chant in this video. Vote chant in this video. Straight hours. Vote nt the count the votes count the votes count the votes count the votes count the votes yesterday, phoenix posted by commerce and paul gosar, a couple of other images from what was happening in Maricopa County at their Election Center yesterday. This posted by michael chow of t
A thirdparty candidate, 2027488002. If you want to texas with your 2027488003. You can tweet us and our Facebook Page available at facebook. Com cspan. Throughout the day there will be a lot going on, not only with vote counts but legal challenges and other things adding up to an ultimate result. Here to keep us updated on those events as they happen throughout the day is john mcardle. Guest the numbers we are working on is the Associated Press numbers, looking to them for results and calls. You may see other numbers and calls elsewhere, but we will be going back to the Associated Press numbers. To take you to the president ial battlefield, the map you just saw, President Trump and joe biden separated this morning with 60 electoral votes to get. Joe biden at 264 electoral votes , President Trump a 214. Joe biden picking up electoral votes yesterday when the Associated Press called michigan and wisconsin. President trump currently up in pennsylvania. Still about 10 left to count in penn
All that and so much on making money. Charles obviously it was a tough week last week for the stock market but by the time the dust settled the year had become even more screwed as it was. Only 193 stocks in the s p were higher for the year. There were actually more losers on the nasdaq than there were more winners. I have no problem with the hit megagrowth stocks hit. Theyre still under pressure. I expect the trillion dollar stocks to be okay in the long run. But for the rest of the market, there were signs late friday that foreshadowed todays rebound. S p 500 held at a key support level. There was huge buying volume into the close on friday. The 10year yield marching higher. All the issues bothering the market are still unresolved and major indices must close higher to reverse the downtrend. In fact i think the s p 500 has to get above 3400 before you see buying go big time . Where does the market go from here, more importantly where should you be positioned . I want to ask Money Map
To increased economy. There is a one month to in germany, not good for our market, same thing in france and a Record Number of new cases in america over the last seven days. Thats not good either and a time clearly running out for stimulus package before the election. We will ask larry kudlow about that. Dow industrial 900point drop yesterday, dead flat at the opening of this morning, pretty much the same story for the s p, modest rebound for the nasdaq. This is the big day for big tech, apple, amazon, google and facebook will tell us how they are doing financially. Report on this about 4 00 p. M. Eastern this afternoon. Extreme importance because these are the most important and powerful countries in the world. Their stocks have had a terrific run, but they have come off their highs and we will ask if the blue is coming off the big tech. Campaign headline, joe biden leaves his house again. Today hes off to tampa, florida and so is the president. The latest poll shows a dead heat, 48,