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Government the talks right now on ice and well hear what leadership from both sides of the aisle is saying without that stimulus money, major cities in the United States are kind of stuck between a rock and a hard place and a new report lays out how bad things could get power lunch starts right now it does welcome the power lunch. Tech continues power ahead with the nasdaq leading the way near its record high which it hit on august 7th one tech stock not joining the party. That would be cisco having its worst day since 2011 even though the s p isnt there yet, its pretty close but not there yet. Check out the names hitting record highs tyler, back to you the stimulus stalemate in washington continues today threatening to further delay payments to struggling americans and failing to provide much of a boost to the u. S. Economy. Lots of big names on cnbc talking about the issue today. Lets go to eamon for more. Reporter its a total st ....
Who isnt . Who needs a miracle . Thats what it comes down to in the age of the coronavirus including today where the dow rebounded 1,167 points the s p surged 4. 9 . And the nasdaq pulled up 4. 95 based on the hope that federal government stimulus could offset the sudden slowdown were getting in the economy and beat the demand shock caused by the coronavirus. So how do you pick among the rubble now that were bouncing too you think the stimulus may be too little, too late . Which is the judgment i have heard all day. Some people are skeptical. First for all intents and purposes, the market is not working. Thats all you can say well, how about that these violent swings, what are they a sign of they are a sign of sickness. Its unhealthy they tell us people are scared and theyre far too few players, too many investors, too many guys with machine guns for stocks to be able to handle the impact of that fear. It doesnt help the tail wagging the dog. The market just cant handle all this algori ....
Street stocks set to open at new records once again the stock market just hit another all time in history high, meaning 401 k s and jobs everybodys getting rich and im working my off. Shares of deere sliding, ahead of the open. Issuing a profit warning for fiscal 2020 as trade tensions persist. The toys r us come back, after shuttering all the stores, the new Companies First toy store set to open in new jersey this morning as stocks look to set some new records on optimism about trade, Economic Data today is also in the mix. 3q revised up. Business investment up 1. 2 proxy for investment, that was not a good number last month making up for it now. In tune with what the market has been trying to say, which is that we had this soft patch, were pulling out of it, i think there is a real willingness by the market by investors to look through any near term kind of softness in the ....
Weeks. Nasdaq is leading those three indices up more than 2 so far this week. One stock helping to lead the dow higher in yesterdays session was walmart. That stock surging 7 to new record highs after seeing a strong earnings report. Checking in on the bond market as well with the tenyear hovering at its lowest level in roughly a march and its ticking slightly higher this morning 4. 385 . Twoyear note 4. 782 . Oil prices u. S. Bench prices and wti prices continuing to hold below that 80 dollar per barrel mark and down 1. 17 to 79. 12. Ice brent up to 83. 62. With all of that in mind, lets see how europe is shaping up as its trading day is in the early stages and lets look at the early Market Action across the pond. Good morning. If looking for a mixed market as mix as they come. Stocks going in different directions. Again, earnings news seems to be shifting things along and seen record highs for the overall european market. Even th ....
Cryptocurrency. Why one leader in the industry says consensus between opposing camps seem unlikely. We will be asking that question, but first julie hyman is worth us with us halfway through the trading day. It looks quiet. Julie it is quiet in terms of people waiting for the fed. The dow and s p turning a little bit higher. The dow could rise for the ninth straight session. The nasdaq is lagging, but look at the transportation average, up 1. 5 . Really rocketing upward, especially relative to the other averages that we are watching. Gains,s helping lead that Company Coming out with its earnings after the close yesterday. The results in the quarter took a hit because of the cyber attack at tnt, which it recently acquired however it did reaffirm its longterm profit targets going doubt going out to do thousand 20. Some analysts say that is reassuring. Up an outlines was airlines was upgraded to outperform over raymond james. He also ....