The economy, pretty much at a dead stop until may, maybe longer. The market is looking to the other side of the virus problem and surely welcomes more financial help. However, stocks are ending the worst month since 2008 and the dow will open lower this morning, off maybe 140 points. Similar story for the s p and for the nasdaq. A down opening bell today. The price of oil, well, that remains at depression levels. This morning we are in the low 20 per barrel and the average price of gasoline, you got to look at this, the National Average gas price has dropped below 2 a gallon. 1. 99, thats your number this morning. The price is dropping about two cents a day but so what . Demand has cratered, the roads are empty, and few people are taking advantage of dirtcheap gas. Now, this caused a stir yesterday. The u. S. Navy hospital ship arrived in new york and was greeted by crowds of onlookers. They were breaking social distancing rules. Those people who were holed up in their apartments and h
Just like this miserable quarter. The house of pain the s p shedding 1. 60 . The nasdaq declined 9. 5 the Dow Jones Industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. All sorts offer stocks have roared since the bottom a week ago. S p rose 1. 9 last week. Were leaving the quarter with almost as much hope certainly we had it than despair. How is that possible when the pandemic is raging and the entire economy is in dire straits . This decline was vicious as anyones ever seen it. Investors tend to regroup. They figure out what they can make peace with, but whats too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. You know exactly what time talking about. Days like today theyre going to give up the ghost a little bit theres some terra firm a there for some of these companies. The question now, are the stocks that led us in last w
Flat. Thats one of the main reasons why this market has become so frustrating. Its a real threat to whatever bull markets are left. And the ones that are left out, boy, are they painful. The recent selloffs, theyre much more extreme than our rallies. We just dont have enough sectors with strong prospects, which leads to a shortage of viable stocks. Thats why the universe of winners is so narrow here. Even on a day when the averages rebounded hard from the lows, dow finishing off just 12 points, s p dipping 1. 3 . Nasdaq declined. 12 . You know as i say every night theres always a bull market somewhere but its getting pretty hard to find it. So tonight i want to talk about whats happened, about some of the vanishing bull markets, the ones that are at the precipice or tipped because you need to know how this business has become so darn hard. Whats causing these bull markets to move into bear markets . Is it Interest Rates, strapped consumer, into the postcovid heyday . Maybe a little bit
Closer to cold and great shape here. Back to monday the first date of the Fourth Quarter and it starts with something we have covered very well. That is the which is the snackfood business. That is a north american serial business. Cheeses, pringles and pop tarts among other goodies that may not be all that good for you. Kelloggs since the breakup was announced. Either way, i can these are agents of economic decline. The government close impacts so it is not as big of a deal but the auto is truly an issue that keeps expanding. If it keeps expanding next week, it will not be all that good. The stocks trade like there will be a deal. When you listen to the united auto workers, he seems like a bit of a capricious fella. Especially when he has the president of the United States walking a picket line. Fords offer has been generous here it is getting really personal i dont like that. And it is not clear whether they will say anything. Remember is to stop inflation, not to boost growth. I dou
Americas government talent six years ago. Now Jackie Evancho is a global superstar. Shes 16 years old now, so precious. Taking the stage today with evolo. Tall italian singing sensation. Earlier, surprise announcement. Wont tell you now but let her tell us later. Very exciting. If your kids despise getting dressed up for the holiday, trends theyre really going to love. Thats later. And ever wondered from the Salvation Army kettles go, were going to show you. Part of your book. Remember the good books, i think its coming forgot to bring it up. There it is, kristy. Thank you so much. Remember the last two seasons . Something i selfpublished and its its all about my home and my kids and frank and and recipes and memories and and somebody told me that nobody would ever want a book like this. Sigh selfpublished it because i wanted to give every penny to the selfatialvation army. Thanks to you, raised more than 1 million 500,000 for the salvation. Good news. Still have about 150 of them and