Of the vaccine and the test helping stock prices. Dow jones up about a hundred points at the open, seven for the s p and eight for the nasdaq more retailers reporting this morning and target looks good work samestore sales up 20 , another measure of the strength of Consumer Spending, just like walmart, target stock up 2 at the moment. Look at this, bitcoin crossed 18000 per coin and has backed off to 17855, about a thousand dollars or shy of its alltime high 19640. I was a skeptic, maybe its Something Else i should have bought that didnt like apple, tesla, amazon, zoom and so many more. We do have a jampacked show. New york Governor Cuomo says President Trump had nothing to do with the Rapid Development of the vaccines. You will see him say it. Boeing gets max judd approval and is now ungrounded. How about this for thanksgiving, noticing, no shouting, kp the music down so you dont have to raise your voice and my off the alcohol. New restrictions for thanksgiving is growing. Varney co.
President , he has announced hes free of the virus in immune and up dressed in airport crowd in florida today. This is important, the virus and how to deal with are central issues of the election. The president is taking the lead in opening the economy and returning to work in promoting the successful treatment, that is important stuff. Meanwhile joe biden always wearing a mask except for when hes coughing is bogged down with questions about packing the court in fracking, he will hold to events in ohio, lets see if he answers as important questions. Lefthand side of the screen, Supreme Court hearing for Amy Coney Barrett started an Opening Statement the judge said she learned from her mentor, Justice Antonio scully out. A judge must apply the law as written, not as a judge wishes it were. Vice president ial candidate Kamala Harris will participate virtually for safety reasons. Lets get to the market, the dow industrial is up for 50 on point, the s p up 20 thereabout look at the nasdaq,
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships
Immediate writeoff for investments encourages spending on equipment of machinery. All of the above are progrowth, probusiness. Now, for individuals, Middle America wince. But for highincome people, not so again generous, maybe a higher rate if you make big money and wealthy in democrat states may lose lucrative reduction like the states right there. My opinion, something very much like this will pass. All right, now look at this. New fox poll confirm that is the president s Approval Rating is moving up. 42 now. It was in the mid30s just a few weeks ago. Things are looking up including the economy, growing at 3. 1 annualized rate in the second quarter. First time we have seen that in years. Varney company is about to begin. Our framework includes explicit commitment that tax reform will protect lowincome and middleincome households, not the wealthy and well connected. They can call me all they want, its not going to help. Im doing the right thing and its not good for me, believe me. Stu
For cooperation from china to avoid any miscalculation of a north korea, investors like that one too. Here is number two, today President Trump will sign infrastructure plan, thats got a good shot at bipartisan support and investors as well. It seems the market is ignoring the intense hostility that the president is facing and ignoring the three ceo resignations from the manufacturing Advisory Council. Here is how the day is shaping up. A trump win on north korea maybe a trump win on infrastructure, solid economic numbers just coming into us, and, yes, another market rally, welcome to the show, Varney Company is about to begin. Stuart just coming into us, iran threatening to quit the nuke deal if u. S. Imposes new sanctions. Liz, they say they will quit, quote, within hours. Within hours, hour an and day. Iran allocated a hundred Million Dollars to new missile program. This is tough Senate Sanctions or iran, russia and north korea. Iran not liking that. Iran is ramping up the rhetoric,