Really matters, which is how companies are doing, how much money are they making . And you can see theyre doing well, because, once again, once again, we hit these all time highs. Ham louia. Thats easy. Dow climbing 88 points the s p gaining 4. 68 t. Nasdaq jumping 4. 9 . Not all new highs are created equal. Which is why its important to point out the breath of this advance. We have Companies Participating from all walks of life from the utility to oils and held healthcares and rail, old tech, new tech, it just didnt matter today. So then the question becomes, as my friend buddy pal david faber asked me this morning on squawk in the street, are we being too complacent . I say it means who you mean by we . The professionals have been shorting this market aggressively as they endlessly flit in and out of stocks with reckless abandon. Buy, buy, buy, skem, se sell sell, sell. Thats them. Individual investor was seek value with decent growth in dividends, know what theyre doing . Theyre mak
That is very, very important. Unable to determine the process of this incident. And with nothing yet found, some theorys are emerging that there may have been foul play. It smells nefarious and theres only two things i can think of. One would be an explosion and the other would be if there was some sort of human interference. Either a hijacking or the pilots are involved. For instance, could the pilots have been trying to turn the plane around before contact was lost . And with all the technology at searchers disposal, theres still no sign of a plane or an emergency locater transmit. What suspiciouses say they dont hold out much hope of finding the plane the plane and its passengers. Is there anything you could say that makes you think this plane could be on land and these people could be alive . I cant envision that at this point. One way or another, they would have made contact. The signals that would have been sent off by the elt would have indicated that they had landed somewhere.
But as we noticed today, there are no votes on the United States congress and the house of representatives today. We also agree, and emphasize this again, as did Gene Sperling everyone, and we mean everyone, should get 250,000 ineveryone and so that means that even billionaires get that first 250,000. And everyone is in agreement the republicans do not want to see the middle class go without this tax cut. So where we disagree, let us push that off. Where we agree, lets embrace. Further, we discussed again the long term effects of our deficit, which are directly tied to health care the work that has been done in the congress as it relates to constructing and exchange that will take place in 2014 and go into effect, and the tools that we provided a initially on a concept that by its very nature was one designed by republicans, that there is ample room for us to tackle the unbelievable rise in cost of health care to 17 of our Gross Domestic Product by focusing on dropping those costs. Mos
Home owners by suspending all foreclosures and evictions until the end of april. Whats more, the president says he is invoking a war time measure, the defense production act, to help increase the production of masks and other protective gear. We do have. We have tremendous numbers of ventilators but theres never been an instance like this where no matter what you have it is not enough. That would be the case. And we will be its being signed. It is essentially drawn and im going to sign it in a little while. If we need to use it well be using it at full speed ahead. In the meantime the coronavirus is now recorded in all 50 states with the number of infected people topping 7,000. The number of those who have died is at 120. We are up 2,000 cases i should add from yesterday. Just think about this. A week ago there were only a thousand confirmed infections in the united states. And now the big three auto makers have Just Announced they are closing all u. S. Plants in the short term. 37 sta
Like yahoo specifically that has been absolutely destroyed in theyre industry brings a new ceo and realizes in order to change we must change. So to come up with these decisions i have a feeling if it does not work there will back away because i do believe a lot of the culture is people working from home. I think this is a waitandsee in they will try it and if it does not work that will go back the other way. Neil there are going to work from he. Coming to your class. The lecture part is and nono. You have to come to class. Exactly. But the hallmark in the group projects. Sure. Neil i downloaded a copy that of the web and read off of my own. You would be on to me. I would. Neil thank you very much. Interesting discussion. Decide for yourself. By the way, the big selloff in the dow, someone trying to david but now we have money with Melissa Francis next. Melissa i am Melissa Francis and heres what is money tonight. In the looming budget with automatic spending cuts, some lawmakers are a