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Because the Senate Just Passed another 500 billion bailout. Bailout, lets say of the last bailout. As we quickly ran out of money thats why the dow surged 457 points s p soared 2. 29 nasdaq 2. 81 house of pleasure Payroll Protection Program was supposed to be for Small Business, right . In the end a ton of that money ended up going too big businesses, Public Companies that was a back rub and sing i feel like a chump. I guess i should be more cynical about politics, just trying to help Small Business. However, if you ask me, that wasnt really the big story of whats going on. See, theres something bubbling underneath right now under the surface. And if anything, it makes me want to be less cynic ....
Most of the dow in the green. The 10 year treasury yield paris like close to 4. 5 , , the price of oil, 77, dont know what that is. Anyway. Lets move on. We just received, theres bitcoin and theres bitcoin, 67two. We received the latest on consumer sentiment. The number please. Lauren 69. One, thats better than the expectation which was for 67. 5, thats your final number for may. It went up because Inflation Expectations went down. Stuart thanks. Now this. August 5th, 1980, republican president ial candidate Ronald Reagan took his campaign to the south bronx, that was a gutsy move, the bronx was and still is solid democrat. Reagan saw opportunity. He could blame president carter on urban blight and pick up some votes and wasnt afraid to meet bronx residents facetoface. Watch this. Im trying to tell you. Im trying to tell you that i know now there is no program or promi ....
Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight di ....
Buck and goes lower. Thats what happened today, dow slipping 29 points, s p falling. 10 . Now, i know that individual stocks can transcend oil now and then, but oil is in control right now. We might as well go right into our game plan because the most important thing happening next week at the height of earning season is what depose on this weekend in doha. Thats when Oil Ministers from opec and russia are getting together to talk about freezing production. This meeting really isnt about freezing anything. There are way too many countries moved and opec itself is basically broken, its every country for itself in this oil market. Im not saying its irrelevant, especially given the endless rumors of having it were crucial in lifting the price of crude from 26 bucks to 40 now. I am saying, though, that what really matters is supply and demand. And right now supply is indeed being cut back in the u. S. , prices are too low. Maybe by as ....