3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t
A very indepth look at our top news stories i will be in an hour is to. Enjoy mad max is next with the concert. Guys or this party got gold in money again ready. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole and now its are profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for 0 for 5 years that was on the advice of plucky plucking once again professionally consequential to the World Monetary system so those are forever as we have predicted here for years on kais report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i got my loan a gun i got my money gun all i do is pretty oh good day because i
The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
Demand and saving live music helping independent venues and theaters across the country survive. It is tuesday, september 1, 2020 you are watching Worldwide Exchange here on cnbc good morning im Frank Holland in for Brian Sullivan the markets kick off a brandnew trading month. Stock futures slightly in the green here the dow jones looking like it will pop four points nasdaq on pace coming off a winning streak. Seven out of the eight days. The dow and s p wrapped up the best august. Similar for the s p, rising 7 percent e for the fifth straight move gains the story continues to be all about tech nasdaq surging 9. 5 in august for the best monthly performance since 2000 taking a look at the bond market and the yield trading around. 723 and the 30 year at 1. 5 we continue to follow the markets, lets go worldwide now. To julianna tatelbaum. Lets get a look at the Global Markets with you how are you . Im doing great we had a strong start to trade here in europe benchmark opening higher we ha
System so those are forever as we have predicted here for years on report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money gone my name is jay jay jay i got my money gone i got my money gone all i do is pretty oh good day because i like to see the stock you want because i own the stock myself and id like to retire a billionaire i worked a Hedge Fund Like all the other extra president s do and make more billions because i like my money because a lot of money. More to come on the work in progress. Well i found an analogy for what is happening here is that an analogy or metaphor anyway i found in the Chicago Tribune its called vomit fraud and it could make your trip really expensive so you know you get into your burger at Grand Central and take it down to Freedom Tower and you think way 2527 bucks thats prett