Deadlocked on stimulus we know the economy needs more stimulus, certainly pockets of it do. Does the stock market, though . What is if it doesnt happen im not sure if the stock market is pricing it in, happening right now. I mean, theres no scoreboard that i can tell you definitively its being priced in, but i dont think its in there. So if you do get something, i think it will be good for sentiment and it will probably lead to new highs, but if you dont, independent nm not sure as wbig of a disappointment as i would have thought six months ago. A lot of works continues to work, ive been talking about the housing stocks all year. Lows in particular in that index, low looks prime for a mega breakout, about to take out previous resistance, put that one on your radar. And then theres leadership from energy today, which is kind of weird. We were looking at some of these names and exxon could double from where its trading right now and still be negative on the year thats how beaten up this
The voices of the voters. How americans are reacting to the news that the president is hospitalized. My first reaction was, oh, my god. [ cheers ] the well wishes as many wonder what this means for the campaign. Football sidelined. The patriots chiefs game postponed after reports players on both sides tested positive for covid19, including star quarterback cam newton. Plus, the report of a positive test overnight for a saints player. And cinema shutdown . Reports that more than 500 Regal Cinemas are being shuttered. The news about this bigbudget movie that may have been the last straw. And good morning. The president looking to reassure americans about his condition by tweeting out a video overnight. His doctor says trump has made substantial progress since he was diagno he says the president is not out of the woods, but hes cautiously optimistic. That coming after a day of contradictory statements. His doctors comments not quite matching up with what the white house was saying about t
Okay. Agenda item number 1, call to order. To call the roll call. Clerk agenda item number number 2. President stephen follansbee. Present. Clerk Vice President chris canning . Clerk present. Commissioner Karen Breslin. Present. Clerk commissioner mary hao. Present. Clerk supervisor dean preston. Present. Clerk commissioner claire zvanski. Present. Clerk and commissioner randy scott is absent. President follansbee, we have a quorum. Okay. Can we call the next item agenda, number 3. Clerk agenda item number 3, approval with possible modifications of the minutes set forth in the august 13th, 2020. Is there any discussion on this item . At the corrections or modifications from the board . Ill make a motion to approve the minutes, as presented. Second. Okay. I think we have an opportunity for Public Comment at this point. Clerk okay. The moderator will be opening up the phone lines. The slide presented gives information on the Public Comment callin number, which is 408 4189388, access code
Still lots of questions swirling an tech. Does the turbulent in tech continue, do you think by the way, value has been leading lately and thats a story in and of itself yeah. You know, a whole host of folks said that would happen, eventually, scott. From tom lee to Larry Mcdonald and so forth i dont think the story is over for tech you and i talked about that monday i said i think that we are unlikely to test significantly lower in tech. Yet, here apple is back down on the lows of the last several months, scott. Ive noticed a lot of those value plays that you discussed, for instance, infrastructure plays in particular. Steel, mining, things like that. Getting lot of money flow, a mean a lot thats worth noting. To your point, thats partially why perhaps people are using tech as a source of funds. I dont know how long that lasts. I certainly am not betting that it lasts very long as far as tech being a wreck and value being where you want to be thats the way it is for the last several se
You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks