Morning, thevember imf is direct. There is real risk to any form of international recovery. They look at the pandemic data, they look at the gdp data, and they look at the lack of fiscal stimulus nation to nation. This time is different. These headlines are original before a g20 meeting, but we got to get right to this. This is a real wakeup call of the immediacy into december. Fromhan its an echo chairman powell and president lagarde over the last few days as well. I think market dispenser quick to untangle be shortterm from the longterm, to bear their hope in the sands of in the back end of 2021. I think what policymakers are suggesting is that the shortterm matters. It can shape what the longterm looks like area when you look at the balance of risks, they are tilted aggressively to the downside. Abramowicz, this headline, elevated asset values point to Financial Stability risk, and i am surprised that is a judgment by imf on where fixed income and equities are. Lisa this is somethin
President trump in florida, i noticed about an hour ago. He will leave in the early evening. I believe Vice President biden scheduled for ohio. What is so odd is the relative invisibility of the leader in the race, Vice President biden. This was a trump weekend they trump discourse. Jonathan the president has been in the spotlight for all of the wrong reasons the last couple of weeks. I think the former Vice President wants to leave him there. Not just orlando later this evening. I believe pennsylvania tomorrow, iowa wednesday, and thursday in north carolina. The numbers at a national level, and it some of these states, particularly iowa, where he crushed Hillary Clinton four years ago, much tighter this time around. Tom the polls are really showing the challenges there. What is important for me, for our international audience, it is surprising how the voting rules and the voting process devolves to the state level and even to the city and county level. Very different from the united k
Its spinning off one of the most highly sought after assets. A possible move that could help the Company Steer clear of investor scrutiny and astrazenecas trial is back on track. Youre watching Worldwide Exchange right here on cnbc. Good monday morning. Heres how stock futures are looking on this monday morning you can see a solid amount of green on the screen. The s p higher by 32 and the nasdaq by 127. The key index to be watching over the last several months now this after the s p posted its worst week since late june and coming off the first two week losing streak since may but the focus remains on technology. Closing down more than 4 since the worst performance since the weekending march 20th and the first two week losing streak since july the nasdaq is now down more than 10 from the most recent 52 week high it was also a record by the way. A number of key events in the week ahead for the markets and your money they include a very big day tomorrow and a few fomc a new fomc meeting
Away from new highs. Joe, i begin with you. The question is how are we going to get to those new highs . Value is outperforming today is this the start of the longawaited rotation . Well, your initiating a great conversation, scott, because as you have identified the s p 500 is basically sitting less than 1 above its all time high whats critical, though, in getting there if you are not going to have a significant outperformance from what has worked, which is clearly hyper growth, is youre going to have to have the participation from the value names. Lets put in context where value really is. Scott, the russell 2,000 is still sitting 9 below its all time high it achieved in august of 2018. When im thinking about value i also have to think about value and get contribution from small cap value, not just Large Cap Value because there has been such a differentiation in the Small Cap Index this year. Small cap growth is up 22 year to date. Small cap value is down 12 . So, yes, i believe it h
As an ecommerce site when youre talking about doing that what youre actually doing is youre strengthening the monopolies that these Tech Companies already have the stranglehold they already have and by going around using the full force and might of the u. S. Government youre preventing any kind of foreign competition to companies that are not benevolent companies or companies that have abused their power in the past and will only continue to increase that abuse as they are the only game in town not jeffrey what about that point that ben is making here i mean these moves are actually antitrust or anticompetitive practices but are being issued by Big Government instead of another company do you see it this way as well. Ben is absolutely right and ill tell you Something Else is absolutely right is that the spokesman for the Chinese Communist party i hate to say. You know when the communists are preaching markets and competition and the u. S. President is d is is using a wild experiment in