Opportunity. At a fundamental level we have communities in this level that feel a level of uncertainty, how they will be allowed to proceed with life, liberty and the pursue the happiness from businesses when you have uncertainty thats not good. Thats part of what this discomfort is about. The other piece is opportunity and i know ken frazier talked about this on cnbc earlier today, a question about who has opportunity in this country to advance economically what happens to economic mobility Going Forward education questions there as well i think as a country, if were going to be as efficient as we can be, if were going to be as advanced a we can be, we have to get the most that we can out of all of our people out of all of our resources. From an Economic Perspective to me, carl, thats where this needs to go. Morgan, i know that theres been so much going on this weekend, both on the streets and in business dont know what youve got your eyes on. Yeah. I think you really hit the nail on
New expectations about how long the covid19 crisis may last given President Trumps comments yesterday along with anthony faucis. Well talk about that in a little bit take a look at treasury yields this morning lets show you where the tenyear note stands right about now. Youre looking at 0. 367. The story we probably tonight talk enough about these days, lets show you crude prices because they fell sharply overnight. Wti crude now trading at 20. 53 if that was the only story around, youd think that would have a huge impact on markets unto themselves. Meantime, an update on the outbreak cases confirmed in the u. S. Now topping 143,000, 2,500 deaths. New york is the epicenter right now with nearly 60,000 cases in the state. Another 13,000 cases in neighboring new jersey in new york city, construction is under way to build an Emergency Hospital this taking place inside central park right across the street from mt. Sinai workers from the organization samaritans purse has begun constructing
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
While some investors like it when activists come in to shake up public companies, weve got someone who says theyre ruining corporate america. Hell make his case coming up. And the new years going to bring new business in california that would be legalized Recreational Marijuana what took them so long im surprised its taken california this long. You moving back no, i go visit family once in a while, though. Were going to introduce you to the First Company to be licensed to sell in california coming up. Lets get straight, though, to the confusion thats for sure. The confusion surrounding the tax bill as americans continue to line up to prepay their property taxes before the new rules kick in in the new year. The irs did release that memo late yesterday in an attempt to clarify who exactly can take advantage of the prepayment. But there are still plenty of questions. So we sent our guy, eric chemi, out, to look into this he joins us now from a hightax town in new yorks Westchester County
First we start off with a battle for the ages netflix soaring to an all time high after an Earnings Report. Facebook and amazon trading at an all time high very different story for bank stocks Goldman Sachs and bank of america following the foot steps of their peers and dropping. The question is do you buy this dip in the bank stocks or stick with the winners which is tech stocks i think you have to where your looking yeartodate or one year performance . That tells a bigger story that were looking at right now if you look at tech, obviously the runaway leader if you look at financials versus tech on a year ago basis financials are up 32 . I dont think anybody knows they beat tech on a year ago basis because of the pop coming out of the election so its not as if they really lagged fms, that is. So i do believe you buy tech now. As the underperformer to the financials because netflix reported up 10 . Its a tough trade. What steve is talking about yearonyear basis its up we have a lot of