The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those support measures were to fall away. Pointsn as my colleague out, hasnt harmed the appetite for debt. We have been tryin
The markets. Ashley, first to you. Ashley well, guys as we say good riddance to september where all the major indexes posted a loss we embrace a new month but we havent come exactly flying out of the gates although green across the screen. The dow finishing slightly higher as you can see, about 1 10 of a percent after being down more than 100 points. S p up half a percent. But it was nasdaq showed the best performance of the new month up 1 1 2 . Like Charlie Brown with a rain cloud over his head investors are frustrated by congresss inability to agree on a new stimulus bill. With the markets going up and down with each competing headline from nancy pelosi and the treasury secretary and everybody else. As a result we saw stocks move for the most part today sideways in somewhat flat trading but as i mentioned the big tech stocks did manage to give the Broader Market some impetus. Amazon, microsoft, facebook, Alphabet Google all managed to make nice gains today which you can see gave the
But this lack of data doesnt allow us to know where the epidemic is heading. The state department of Public Health has deployed a tech team to figure out what happened. Until it is fixed, labs are being told to manually report all positive cases to local health departments. Heres a new program, getting paid to stay at home. Alameda county will pay people who cant afford to selfisolate. The goal is to slow the spread of the virus. Melissa colorado is in oakland with the details. It was not like a cold. People go to work with a cold. This will affect the whole community. Reporter its the coronavirus conundrum impacting low income people who test positive for covid19. Go to work and expos others or stay at home and lose your paycheck and maybe even your job . These are individuals that work in construction, work in restaurants, work in grocery stores. Reporter ceo jane garcia treats uninsured and undocumented patients in oakland. Their employer is asking them to provide documentation that
Schools. Stepping down from her role at the end of this month. Thesu subcommittee on the coronavirus pandemic will come to order. I want to welcome everyone here today. Without objection, the chair may declare a recess at any time. Pursuant to rule 70 of the committee on oversight and accountability and at the discretion of chairman comber, mr. Jordan and members of the committee may participate for the purposes of questions. Ii now recognize myself for the purpose of making an Opening Statement. Today the selected subcommittee is holding a hearing to examine the centers for Disease Control r and preventions policies and decisions during the pandemic. The pandemic sent shockwaves to all aspects of american life. School, work and family, sports and faith. This was a novel virus. There was much we didnt know. And we didnt know how to react. Educated guesses were the best we could do in some cases especially early on. But throughout, i maintain hope. What should heavy and could have unite