I turn to you first, laura set the scene first. How does the market look to you . What are you focusing on its really, really an interesting time in the markets right now. You have this dichotomy where were seeing some strength in the markets. I think were a little off today but youre seeing some read through or look through in the market to say, hey, were going to see optimism on the other side however the economy hasnt quite caught up yet to the markets i think we are going to need and we need to focus on making sure that the legislature realized we still need stimulus, we need the consumer thats twothirds of this economy back in full swing. Not getting it. Not right now what does that mean if i tell you were not getting it, were not getting it any time soon. Soon is relative as well, right . Theres a lot of levers that can be pulled here i think that were getting things together and, you know, i wish we could get it during december at some point youre right, it does not look like it
Leventhal. We are basically at the highs of the day, call it a 500point gain, the s p 500 good for 1. 5 . Nasdaq which was negative very early today is back above 12,000, thats a gain of 1 . The small caps have had a tremendous run of their own. The russell 2000 is up by better than 2 . Josh brown, if i told up that the dow on march 23rd hit a low of 18,213 and we have had a 12,000point rally since then, you would say what i would say this is why people who are not only invested for long term by continually adding to their investments, 401 k s or automated advisers, et cetera, have done themselves a huge favor people on the other side of that debate who think their job is to wake up every morning and make in our out decisions have not done themselves a favor. Im 43 years old im pretty sure ill see dow 100,000 someday. Is he you have to orient your mentality in order to get to days like today. If your mentality is oriented toward trying to outsmart everybody all the time, you dont get t
Exactly mean for your money. What does it mean for your money . We have that coming up. Brickandmortar retailers are finding a way to beat back amazon so should you give them a look. President trump is saying he is battling for election inan integritity as his team battles. We are ric grenell coming up on making money. Another. Charles another intriguing session with major indices belying what is going on. Major indices slightly in the red. I got to tell you the session began with sort of two groups sitting it out and that was communications and Technology Stocks. That signaled of course this continued rotation into what im calling the normalcy trade. Then in the last hour or so the tenor of the session sort of took another turn where you started to see those sectors that signaled classic defense as lower. Utilities, real estate, consumer staples, all sort of drifting. Both scenarios have a clear message that investors are a lot more optimistic about the economy which means a broader r
Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
Covid19 relief negotiations with democrats saying that he was going to delay talks until after the election. He had claimed on twitter that House Speaker nancy pelosi was not negotiating in good faith but tonight he says in another tweet the house and senate should immediately approved 25 billion dollars for Airline Payroll supported 135 billion dollars for Paycheck Protection Program for small business. Both of these will be fully paid for with unused funds from the cares act have this money i will sign now all of this coming as the president of course continues to recover from covid at the white house and more and more Staff Members are testing positive. Clippers Ella Sogomonian joins us now live in the newsroom with the latest on this outbreak among the president s aides l a the kids werent as of tonight at least 11 people at the white house have tested positive for covid19. The latest case is the president s top policy adviser, Stephen Miller in a Statement Today miller said that h