Secretary of the United States Steve Mnuchin planning a meeting with nancy pelosi to discuss it which means maybe republicans can go along with this, cobble together something acceptable to both sides but just the talk of that, and some of the stimulus that would give the economy a boost, markets a boost has stocks raising ahead. Hillary vaughn following that, but the postdebate excitement. Both candidates are out on the stump. President trump will be in michigan. Former Vice President in ohio. Busy in a lot of states. Hillary in ohio with more. Reporter hi, neil. Biden has his busiest schedule on the campaign trail weve seen since really the primaries, way before the pandemic. He has seven stops today as he kicks off his train tour. Biden hopped aboard an amtrak train. He will hit seven different cities on one of his favorite modes of transportation the amtrak. It is a nostalgic moment for a man spent decades taking that very train from wilmington to washington. The familiar sound of
Joining me youre making a point of whether or not we need to see a reconstitution in what we have called f. A. A. N. G. We have had a reemerging. Time to look at some of the lesser known tech names and the smaller teches that are just getting started. We have two of those on the show today. A cloud air company is up big after reporting the latest quarter, and big commerce is finding its footing after its first earnings report. If youre an investor out there and you have gotten motion sickness from teslas stock lain changes. Coming up in just a couple minutes, right thats a great point, jon this year were hearing more about some of the other names you brought up but in one way i would say these are not necessarily smaller tech investors are getting nervous even though we have seen very, very good quarters from the like of docusign and c scale. Were seeing that perhaps that dont fill these excised expectations people are starting to wonder have they run up too that is a good place to beg
Hitting the alltime record high on february 12th and the definition of a bear market is 20 lower than the recent highs. The markets tumbling just as President Trump is expected to meet with some of the biggest banking ceos in the world to find out how stable the Financial Market system is and what to do to keep it there. We are still waiting on word but if cameras are allowed in the room we are going to take you there and hear what they all say. This as the battle against the deadly coronavirus pandemic moves into a new phase, as National Guard troops get set to sweep into the hot zone in new rochelle, new york. And as businesses and colleges close their doors, Microsoft Teams is swinging to their digital defense, with a suite of Software Products to help those working from home or moving to online learning. I know a lot of you were experiencing that or your kids are. Countdown has a lineup of power players to tackle all these topics. Steeple chairman and ceo ron krusz kruszewski on th
What we are looking at is a sixmonth chart of the s p 500. We are looking at treasury note futures in white. That is actual price. We see coming out of june we have treasury note futures basically flat and rallying. Stocks went sideways. In september ec a strong downtrend. In todays pullback for bonds ec the downtrend really holding. It could just adjust. December could be what history are,sts decembers relatively strong. Michael one thing we dont talk about is the indian stock market. Etf trading today, msci indian etf is a standout. Very strong move today. Indiaof speculation the bank will cut Interest Rates by 25 basis points tonight. One thing that really stands out you look at the benchmark index in india is its evaluations. It is trading near a record local currency basis, but the evaluations have really sort. Index not trading in more than 29 times trailing earnings. You can see the top line. What is more interesting is the evaluation taste on forward earnings, the lower line. I
Drive global trade. Problem. Ids, a the vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seen weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. Founder expects to revenues by 30 billion to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and Development Spending it people close to the spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying the