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Comments since saturdays Election Results poured in were live with a preview. And call it the holiday insurance policy that whole foods says home cooks just cant be without this thanksgiving it is wednesday, november 1 1t, you are watching Worldwide Exchange here on cnbc welcome from wherever in the world that you may be watching test veterans day. Bond market is closed. And the late jimi hendrix was a paratrooper. Happy veterans day and here is how your money is setting up the day futures are higher and across the board. And yes, that includes the nasdaq now, yesterday certainly more muted than mondays vaccine fueled rally, but still a good day for most nontechnology stocks the dow up now six of the past seven sessions and if you are counting at home, i know you are, we need to get above 29,551 on the dow. Just about 131 points from here. Big tech still starting to loo ....
We were down 5 from the peak on spx. Where we are is about where we were on valentines day. Of course, you do remember valentines day. That was prepandemic. All we have really done is pulled back to the prepandemic. Weve got to put some perspective on this as we saw the dow down 800, 900 yesterday. Jonathan im not sure why i am the target of room bring valentines day of remembering valentines day. Its you im worried about. Tom that would be true. Jonathan because you often dont remember it. Tom that would be true. Rosesgh i do remember a scenario with jon years ago. Lisa you are trying to bring me into this . [laughter] for those in engineering and history, this is a hugely emotional deal. The difference from san jose to santa clara, it is like four, maybe five miles. But xilinx is one of the storied names coming out of fairchild years and years ago. To see this merger today, 35 billion large, it really says something about the combination of all of the history in the bay area. Jonatha ....
Futures, big corporates with news flow in particular sap. The guidance has been disappointing for that stock so were watching implications there. But a number of themes for investors as we look at the opening signals on the benchmark, investors eyeing the u. S. Trade and whether we get any progression on stimulus this week, counting down to the u. S. Election and we have tech earnings, thats a feature of the market where were seeing a kshape on markets alsotodriving the u. S. Stock market forward well eye the earnings to see if it justifies what weve seen since the start of the pandemic weve dropped more than 1. 1 , thats a big reversal from the. 6 gained on friday you can see from the amount of red on the market its fairly deep in the negative territory on the market. Oil and gas 2. 1 lower, this is reflecting the spot prices were witnessing as we talk about coronavirus cases, weve been assessing the impact on demand for oil you can see as we go through this process, a second wave of ....
Basically kind of bouncing around. There is a lot of concern as to where this rally can go based on the fundamentals with the economy and corporate earnings. Caroline the economy, corporate earnings, this is exactly what Bloomberg Intelligences Gina Martin Adams has been talking about. The second phase of the recovery will be slower, choppy or. We have real earnings progress to underpin some of these numbers. Today, we got a little bit more betterthanexpected Consumer Confidence data. Taylor driving valuations on the s p 500. One of the first times in a very long time where the s p trading at a valuation is higher than the stocks index. Typically, those chipmakers have been so overvalued. Refocusing back here just on the u. S. Is really led that market higher. Romaine when we talk about risk assets, we lo ....
Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because ....