Abigail were almost at the end of the year. We had a big rally, also for stocks. Not a big rally but solid gains. The dow is on pace for a record close. Right now, we do not have alltime highs. Check out this smallcap russell 2000 leading the charge of about up of. 6. The big topic, the tax overhaul. Smallcap companies are considered to be more sensitive to, considered their more meaningbased, perhaps they are more sensitive to what is happening in the u. S. 3316. Look at g btv these are not the russell 2000 Tax Companies but what we are looking at in blue are low Tax Companies. This purple, goldman sachs. And the wide to it high Tax Companies white, high Tax Companies, up 7. 7 . Deal. Ll but a done pretty interesting. It is also interesting to see the russell 2000 sensitive to taxes overall and what is happening in the u. S. G btv 32, this is a oneyear chart. The white, russell 2000 to the s p 500. It has been trending down as the husband uncertainty and volatility around the possibil
Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep
Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep
It does seem theyre coming soon and fast and going to be in millions of doses by the end of the year, possibly more than a billion doses in the new year. What to make of this with laura ingle and the fallout in this country and greg palkot with the fallout from london that got a jump on this country. We begin with laura in melbourne, new york. Laura . The krvshgs tvshgs krvshgss Advisory Committee made that vote last night to basically green light the plan of action of getting a couple of groups ready to go in front of the line when this vaccine maybe one or the two that are on the table right now in front of the fda get approved. Those are the front line healthcare workers and those living in longterm care facilities. The panel voted 131 to recommend the two critical groups. The group gave emergency authorization to pfizer something health and Human Services secretary said should be reassuring for the americans as the fda works through its own process to ensure that the vaccine is saf
Transition is finally being allowed to move forward after weeks of delay from the trump administration. The biden transition helping the stock market roll. A huge milestone on wall street today. You see it there on your screen. The dow topping 30,000 for the first time ever. Then closing above that number as well. Just moments ago. Its that milestone that prompted President Trump to make his way to the White House Briefing room for literally a oneminute speech bragging about the dow. Hours later, he pardoned corn, gobbling alongside cob, two thanksgiving turkeys that came from iowa, a state the president said he loves. One thing the president does not love these days, questions. Didnt take any. Not answering when asked about a formal concession and running in 2026 or any additional pardons. But his lack of a formal concession doesnt seem for faze the president elects team who made it clear today they are approaching these new roles with a much different focus than what we have seen ove