When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
[ cheers and applause [ cheers and applause announcer tonight on late night with seth meyers, demi lovato, star of the undoing actor edgar ramirez, author Tanehisi Coates, featuring the 8g band with carter mclean. And now, Seth Meyers Seth good evening, im seth meyers. This is late night. How is everybody doing tonight fantastic. Lets get to the news. According to a new report some of President Trumps advisors now believe they must now let trump keep fighting the results of the election until he is ready to face reality. Dude, i would say the writing is on the wall but you never built one. President trumps mood has reportedly switched between somewhat accepting of the idea that he has lost and refusing to accept defeat. Depending on whether hes watching fox news during the day or in primetime. Well, i guess thats just wait a second they stole it from me President Trump has apparently been telling advisors he would consider running again in 2024 and i can only imagine how stupid his hat
The heels of positive covid19 vaccine news why are all the opening trades down check out the airlines and cruise stocks, battling rocky seas with major losses a cross the board. Lastly, check out casino names youd think they would rally but no a sea of red. Whats with the break down between positive vaccine data and these trades were back to the old play book in the market, tim yeah we had a week off. S p outperformed amazon 8 in a week boy look at the turn around, look at that move by amazon, big upgrades on the street, maybe its just catching up to the levels 3200 on amazon by goldman, alphabet shares theres Different Things going on as good as the potential vaccine news flow could be, i do think that the reopening trade is moving in reverse theres states that arguably have lost control. So, i think consumers are assessing, but more importantly investors are assessing what consumers may or may not feel comfortable doing in terms of gettings on airplanes and getting involved in some h
Facility to treat those who have tested positive instead of moving them. In san francisco. Lili tan, nbc bay area news. Thank you. We have reached a grim milestone. Today the worldwide death toll topped 100,000 people. Thats according to the Johns Hopkins university. Italy has seen the most deaths than any other country, nearly 19,000. In the bay area, more than 45,000 reported cases, 122 people have died, and were going to focus here on Santa Clara County which continues to see the most cases, sant Claire County right now with more than 1400 infected people. Heres a deeper dive in Santa Clara County, which cities have the most infections. The bigger the circle, the more cases and you can see palo alto, top of the screen, top of the peninsula, with a lot of cases, palo alto has 57 people reported infected, and santa clara, with 54, and you can see the in between cities, mountain view, los altos, cupertino and sunnyvale with 65 cases. The big circle, san jose, which is also the biggest
Josh, great to see you. Glad to be here a tight trading range for the major averages this week. Yeah. How would you sum it up so far. I think whats interesting is there seems to be this rotating cast of stocks that are working against the averaging, so today is transport i think three out of the worst stocks are railroads, some of the big ones being hit hard. Theyre not very important in terms of waiting, but very important in terms of people paying attention, either because theyre technically inclined and because they think thats a important technical indicator, or theyre people that think its an economic story that needs to be understood, and theres some skinned of bowling pin effect but i think the bigger story is that some very important stocks to the market cap weighting of the s p, netflix being a reasonable story as well theyve gotten smacked down where they could have broken out. And netflix having a tough week. And thats got an impact on psychology and on the construction of t