No one knows them better than dan tillman. Plus, working from home, bitcoin and more. And demand for electric vehicles. We hear from the ceo. We have to get back to the markets. This is the top story of the markets ending the day near the session highs. Stocks tech stocks are ending high. President elect nominate janet yellen to be treasury secretary. So much news on the day. There is more positive news around vaccine. We have this big, cyclical valley. That brings another record high for the small caps. As you are pointing out, it has taken a few years for them to get a record high. Day, hitting the alltime high. The energy index is up. It will be interesting to see what is there and what happens in the future. Some are saying that the excitement around the iphone 12 is priced in and the buyers are stepping away. Nominate is likely to janet yellen, the former fed chair for treasury secretary. The markets took a move up. There was a moment where the s p 500 dipped ever so slightly. The
Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Morgan stanley also taking down its price target on home depot by 10. Of course, the big event tomorrow in london and england is the u. K. Election. Guy, your outside with the lovely febrile room of st. Paul in the background lovely cathedral dome of st. Paul in the background. Narrowingthe gap between Boris Johnson and competing parties such as labour. Guy exactly. The big news over nice was that the latest poll basically cut Boris Johnsons lead in half to where it was only a few weeks ago. That really is the big story we are watching now. Does this continue into the election . Theres been a lot of talk about the fact that a Hung Parliament cannot be taken off the table. We are going to find out tomorrow at 10 a clock p. M. London time, when the first exit poll is going to come out. Basically, counting ourselves into the election, polls are going to open. The u. K. Is going to vote all day in probably one of the biggest and most significant elections we had for quite some time. As you
America discuss migrants. What mcaleenan called for he described as concrete International Actions investigations and in traditions. Panama has been the bridge for migrants seeking to reach the u. S. Border. It is also a route for cocaine moving up from south america. Emmanuel macron gave Boris Johnson little hope he is winning to compromise on brexit. Macron told the british Prime Minister that any changes to the current deal will not be very significant. Johnson is demanding the eu scrap the backstop, the mechanism designed to keep the irish border free of checks. That is a key part of the agreement. The two men met in paris. Jeremy corbyn meantime says he will do everything he can to prevent the u. K. From leaving the eu without a deal. That includes calling a noconfidence vote in Prime Minister johnsons government. And if it succeeds, competing in the ensuing general election with a pledge to hold a Second Public vote on brexit. I agree with president macron. The question of the ar
Very clear to me i hope its clear to you that selling into the teeth of the sell off early this week was a big mistake. I said so at the time and im saying it again because it is that important in fact, tonight i want to go one step further and immunize you against false fears, thats right, false fears that cause so many people to panic over the past few days. I have to go back to history i think it was an f. D. R. Moment where the only thing you had to fear was fear itself so many of these worries were totally groundless those fears set up the situation we havent seen since the many bear market bottoms in december. We had negativity as recorded by the Investors Intelligence index. Dramatic drop from bullish sentiment, bears rising. Those were negative readings when you see those kinds of numbers, its a reason to buy, not a reason to sell why . Because when you get numbers that weve had in the last week where all the weak handed bulls have turned bearish, that means there is no one lef