Well have a live report on that. President obama says Americans Care more about cheap gas than they do from the environment. Well hear from steve moore, whether this was a cheap shot. All that and a lot more on making money. Stay tuned. David its a huge market day. Nasdaq hitting alltime highs once again today after surging more than 10 last month. Vaccine hopes stronger than expected Economic Data and rumblings on capitol hill of a bipartisan covid relief bill are boosting market optimism. Joining me two markets experts to break it all down for us. Bellpointe chief strategist, david nelson. Great to see david again. And nicole webb. Let me start with the big picture. We didnt mention the fed announced, frankly nothing moves market more than free money. They said essentially there will be a lot more free money as long as they dont see any signs of inflation, the money printing will go on ad infinitum to pay all the bills but we still have a fear in the market of a more antibusiness, at
Challenges. Food, water, shelter, refugees flee. To surround the rebel held capital of northern stans, opposition puts up on our show in the streets of push all in on to resign. We begin in the united states, where the head of the Vaccine Program says the 1st americans could be receiving it. As soon as december, the 11th says the plan is to vaccinate 20000000. 00 people before the end of the year. 2 vaccines are up for approval in early december. Shows them to be 95 percent effective. Our plan is to be able to ship vaccines to the immunization sites within 24 hours from the approval. So i would expect maybe on day 2, after approval on the 11th or on the 12th of december, hopefully the 1st people will be immunized across the united states. Across all states, in all the areas where this, the state department of health will have to told us where to deliver the vaccine is in washington d. C. It sounds like this could be a major turning point in the global fight against crime, the virus exa
Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
Interest if he starts coordinating on the virus with the biden team. Like it or not, the president didnt win. The fall out this morning with ron klain, plus insight and analysis from our power house round table. Announcer from abc news, its this week. Here now chief anchor George Stephanopoulos. Good morning and welcome to this week. We may not be surprised, but we should still be shocked. The Election Results have been clear for more than two weeks. Joe biden defeated donald trump. By recent standards it wasnt that close. More than 6 million votes nationwide. More than triple Donald Trumps 2016 margin in the key mid western battle grounds. Plus wins in georgia and arizona. 306 electoral votes. The same total trump called a landslide in 2016. Faced with those facts, the president and their allies have taken their baseless claims of voter fraud to court. Theyve lost 32 times. Last night in pennsylvania a judge dismissed their case with this words, the court has been presented with strai