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It s Monday yet again.
Jim Cramer is out this week, so Action Alerts PLUS senior portfolio analyst, Jeff Marks, is joining for the week.
Recap Monday s episode of TheStreet Live in the video below and be sure to catch TheStreet Live every weekday at 10:30 a.m. ET:
General Electric
The company is reportedly close to an agreement to combine its jet-leasing business with AerCap an Irish company in a deal that could be valued at more than $30 billion.
Per
The Wall Street Journal, the announcement is expected later Monday.
The deal would merge the world’s two biggest aircraft financiers during a tough time for the aviation business, which has been hit hard by the coronavirus pandemic.
Janet Yellen is facing her confirmation hearing.
The former Federal Reserve chair is slated to be the first female Treasury Secretary in U.S. history.
She is expected to tell Congress that lawmakers must do more to lift the U.S. economy out of the recession brought on by the coronavirus pandemic.
“Economists don’t always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now -and long-term scarring of the economy later,” Yellen will say Tuesday, according to her prepared remarks. “Over the next few months, we are going to need more aid to distribute the vaccine; to reopen schools; to help states keep firefighters and teachers on the job.”
In Monday s stock market breakdown, Jim Cramer and Katherine Ross talk social media stocks, bitcoin, President Trump and everything moving the stock market Jan. 11.