Energies leading the s p higher as oil gets a boost with names like mayor than, diamond back. Any close higher for the nasdaq is a record and were on watch for a record for the russell 2000, which coincidentally past the 2,000 mark already. Well have noted Value Investor scott black lay out his market predictions and give us two stock picks he likes at the levels were at right now. Home sales missing the mark for november well discuss the impact on the Home Improvement space with the ceo of angie Home Services, sarah. A lot coming up in the next couple of hours. All right well focus now on the big stories were watching, mike santoli watching the Market Action as always kayla has the drama surrounding that new stimulus bill and meg tirrell on pfizers new vaccine deal with the united states. Mike, start us off with the market and the strength were seeing, which is pretty broad right now. It is, and tilted toward those cyclical sectors that have sat out the last couple of weeks. Largely f
Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S
And is there no stopping the house of mouse another Box Office Record for disney well tell you about that and more as Worldwide Exchange rolls on right now well, good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching im Brian Sullivan all right. It is nasty in the new york area i dont know how else to put it. It is cold it is rainy. It is even snowy wherever you are. In fact, careful on the roads out there. The drive in this morning was a little bit slushy, little white powder on the road you have to be little careful out there. By the way, its notonly the final month of the year, final month of the decade. Wow. Futures, theyre decidedly warmer than the weather, dow futures up 100 points right now, up 128 gaining little momentum as early as it is. Do you remember what happened last december . Remember all year pretty much higher on the year heading into the month only to have the worst december since 1931. That sent stocks lower on
Government and avoid another shutdown the wall street journal says if theres a yes vote in congress, the president is likely to sign it. No doubt that is is a plus for stocks. And it is with with great joy that we bring you latest fox polls well get into it in detail in a moment but here are main points capitalism is vastly preferred over socialism. A majority wants the government to leave me alone. And nearly 8 l out of ten say they have achieved or on their way to achieving American Dream that is music to my ears. And now an update on the cancelation of californias bullet train the federal government has already tbifn the project 3 billion dollars. What does President Trump say about that . Give it back [laughter] socialism not so great. The American Dream lives what had a day. The valentines day edition of Varney Company is about to begin. Yes or no, do you think that massacre was a fabulous achievement . That happened under our watch . That is a ridiculous question and i no. No. I
before. trump s rhetoric gets even more toxic, not just against the lgbtq community but also against migrants, whom he calls animals who want to crawl through the windows of suburban housewives. also tonight, special counsel jack smith challenges trump-friendly judge aileen cannon. ditch the ridiculous guidelines for jury instructions in the trump classified documents case or he could seek relief from a higher court. but we begin tonight with donald trump s on going normalization of racism and violence. nine years after america s highest profile birther began his first presidential campaign by describing mexican migrants as rapists and criminals, you can no longer be surprised at the pure venom donald trump is capable of spewing about people of color. even though more often than not he s referring to people who are fleeing poverty and violence and who are simply looking for the prospect of a better life, through hard, often back-breaking work here in the united states.