We see the dow below the 50 day for the first time in awhile nasdaq hit that last week were off of the lows, 32. 29 maybe just ten tonights off of that the problem is not so much technology, but the reopening sectors. They are weighing on the s p if you just take a look energy, industrials, and materials. They have separate issues with suspicious trading activity. Not as they are notably week taed and this is another sign that the reopening story is not going as well as people anticipated. Remember the bucket thats we watched the market with. It is true there have been advancements with treatment and vaccine. The delays in the stimulus program, europe locked down is a worry. Concerns about the potential for the european lock down is there. As far as the stock market goes, we have been looking at valuations for a long time many people feeling the market is over valued but earnings overall have been improving. There is a lot of balance and debate going on. That happened on friday, nasdaq
Bytedance will retain overall control. President trump says he may change his mind about approval. We are joined exclusively by st. Louis fed president James Bullard ahead of jay powells trip to capitol hill. The fed chair will say the u. S. Faces a long and uncertain virus recovery. Shery heres how u. S. Futures are coming online. A little bit of pressure at the open, this after we saw the s p 500 lose ground for a fourth consecutive session in the regular trading our. It was the longest losing streak since february. We had banks sinking at least 3 on that report detailing suspicious transactions at global banks. ,e had also surging virus cases not to mention doubts over another round of stimulus measures. That really sent stocks down. We have the nasdaq at one point falling as much as 2. 5 , but it did pair back some of the losses with a bullish reversal in the afternoon. Down only 1 10 of 1 . We are this week watching closely what chair powell and secretary mnuchin will say in congr
Senators. Republicans now pushing a 618 billion stimulus package, thats about a third of the size of bidens proposal and with this pretty big gap the question is, how are they going to narrow it . It was a very Good Exchange of views. I wouldnt say that we came together on a package tonight, no one expected that in a twohour meeting. But what we did agree to do is to follow up and talk further at the staff level and amongst ourselves and with the and while a number of republicans have stayed quiet on the controversy surrounding congresswoman Marjorie Taylor greene, last night the most powerful republican in the senate broke his silence in a very big way. Late last night Mitch Mcconnell released his statement writing this, loony lies and Conspiracy Theories are cancer for the Republican Party and our country. These words, a sharp contrast to the Statement Mcconnell released this morning defending House Chairwoman liz cheney who has come under fire for voting to impeach trump. Mcconnell
Wildfire alert. 96 people are now confirmed dead in the devastating maui wildfires as officials warn that the number expected to grow. Hawaiis governor promising he will get answers to the deadliest blaze in more than a century. I have authorized a comprehensive review of what happened in the early hours of the fire and the hours thereafter, having been to ground zero twice, there is very little left there. Brian lawyers from one firm investigating the fire say they are nearly positive what started it saying quote all evidence, videos, witness accounts, burn progression, burn equipment points to hawaiis electric equipment being the ignition source of the fire. Hundreds of structures wiped out as crews continue searching through the rubble. Continue asking loved ones for d. N. A. Samples to help identify the bodies. President biden is facing backlash for not yet commenting on the tragedy. Is he vacationing in delaware i have will be at the white house around noon. Take your time. Lets g
To lift his water. Yes. Happy wednesday, everybody. So president bidens erybody with theannel Weather Channel aired today. I know. And the forecastai partly senile with a chance of precipitation in his pants. The only things cloudy were joes memories, especially when it cammoriese to phone calls wih hunters business associates. The one thing he didnt s businw how to touch someone without their permission. Are you prepared to declare a National Emergency with respect to Climate Change . Im already done that. Is the Existential Threat to mankindexistent. So youve already declared that National Emergency . Well manity. , it practically you a bk on it. Thanks. Appreciate it. Yeah. Thats the first time any woman has said appreciate it. After Making Contact with. E is but if hes really concerned about the climate, you know what he should rd aboue climat. You should have eaten that bug. The tasty. Buaten thet tiny carbon footpri. But it is so cute. It reminds me of how joes is always brushing