Our political machinations then sometimes we are, just watch closely and pick up a copy of the Financial Times or the london times, this is frontpage news every day over there, hard to say how the markets are treating this right now there is a school of thought that says the better joe biden does the worst the markets will react, another one that says if donald trump can come through this without overly picking on joe biden, he could do well himself. Again advice is pretty cheap these days. Sometimes debates do little to change the context of the election and sometimes it can reaffirm opinion, we will be watching that monitoring develops in washington with judge barrett, Amy Coney Barrett on capitol hill and she will be meeting with all the key republican senators including Mitch Mcconnell the Senate Leader and we will see senator tom tandsenator ann, here said d be open to meeting with the president Supreme Court choice at a time in a point before the confirmation hearing and they are
But you have to think of where we were and even with todays selloff, it is not really affecting all sectors. In fact more than half are still up. The fact of the matter technology, we just cant seem to pause even for a nanosecond, continues to advance. Well go over all of that, including things that could be weighing on stocks, including some extended shutdowns and restrictions everywhere from texas right now, what is going on in florida as well. Then there is hope on the virus front. That of course is something that is not seen all the time here but on the vaccine, more to the point of the virus, we keep track of this thing. There are about nine premier offerings or combinations being touted by various governments or biotech concerns of that, that are promising everything from an antiagain, quickly can tell you whether you have the virus in matter of minutes all the way up to vaccines potential curse that could be available soon as end of this year. The u. S. Investing a princely sum
Course, much of war torn europe, afterworld war two, obviously we saw semi Marshall Plan if you well coming out of the depression and of course whats happening in the United Kingdom and germany and china, where they are using ample government forces, and moneys, to find that relief. That is the hope at least as i said many many times on this show very good to have you my friends. The one thing that gets wall street perkolating is this notion not so much stimulus around the virus but something that will contain it, cure it get rid of it so a vaccine and one that looks promising, in this country just could do the trick. Were following that very very closely ahead of the president announcing this plan, and exactly who he is announcing it with. Lets go to Jackie Deangelis to sort of sort through what were looking at right now half way through the trading day the dow down about 145 points. Jackie . Jackie good afternoon to you, neil, the vaccine is one piece of the equation but the other po
Development, even though the number of cases in the number of deaths rise, they are rising at a slower rate, hospitalizations are growing at a slower rate and now of course admissions into intensive care, that to is dropping. So those are constructive developments that you obviously want to see. But we told you about Boris Johnson doing better. People forget another thing were dealing with is the ceo of morgan stanley, he is okay right now, he is recovering from the coronavirus. These are bits of news that we tried to get out to let you know not all the news is grim as they continue to look at what a good time to gauge when making kind of slowly get ourselves into weaning out of the lockdowns parade were a long way from that and a lot of folks to say this is a generous timeline, we will get both sides of the story. Right now we know the healthcare tax force led by the president is going to be reporting a little earlier than normal, about an hour from now. Like fermented tea it all up.
Goldman sachs restricting travel from south korea, northern italy. The president from india, looking much more reassuring tone than he is hearing elsewhere. Take a look. Looks like h theyre getting it under control, more and more under control. I think that is a problem that will go away. We lost almost 1000 points yesterday on the market. That is something, things like that happen. You have it in your business all the time. Had nothing to do with you. It is an outside source that nobody would have ever predicted. Neil continuing today. That disturbs a lot of market technicians who generally like to see a rebound after 1000 point hit. Just because were under water on some averages over the year, theyre up appreciably over the past year. Deirdre bolton what is driving the latest followup selloff from the New York Stock Exchange. At least if you judge by the sectors putting the most weight on the markets it seems to be the coronaviruss potential effect on the Global Economy. That is real