Some of his opponents are for his impeachment immediately and reportedly some cabinet members discussed using the 25th amendment to remove mr. Trump from office. Clearly, his leadership in the Republican Party is in doubt and its hard to see him coming back politically. He is now forever linked it to the dreadful scenes im yesterdays riots perhaps you will be surprised to see the markets reaction. Its not a selloff, its a modest gain. In fact, the dow jones may set another record at the opening bell. Its getting closer to my 31000 and right now, we see green of 100 dow jones, s p up 19, record high yesterday and nasdaq up too close to 100 points paired thats a rally despite it all. Bitcoin hit 38000 earlier this morning and continuing the dramatic rally. Gold, is it the new safe harbor in times of trouble as its 38665. Its been a remarkable 24 hours, complete political transformation , president still maintains that he won. We expect Dramatic Development during the next three hours of
If this happens its a sick example of big tech money developing new industries as we has seen with amazon and microsoft appeared apple closed about 200 billion in cash, why not use it to develop a whole new product, after all a modern car is a computer on wheels. The left doesnt like this as they dont like or trust big money unless they control it, but its a example that big tech money funded the iphone, revolutionary products, why not on i car . Varney co. Is about to begin the stuart all right now, free, free. Susan america is free. Isnt that great . Stuart whatever you say as a free people, thats for sure. You heard about this possible car from apple. Look at apples stock price as investors like the sound of that especially with an Innovative Battery Technology with stock up nearly 3 and now look at peloton, way up, studied 420 million on an exercise equipment maker. That makes peloton the frontrunner inhome exercise. They have done well from the closure of gyms and stayathome busin
Powell and company will have to come up to make investors happy tomorrow. We have you covered with a host of market experts. We have former hhs secretary tom price, what is next for the covid vaccine, distribution, politics, logistics. We have it all covered. All that and so much more on making money. Charles all right, folks, the markets theyre taking the bait again. Came out the gate strong like questioned but we are surging as you can see. Were at session highs and thinking there will be stimulus before the end of the week. In fact we may know more before the end of the day. What happens if there is no deal . I want to bring in michael lee strategies, michael lee, belpointes david nelson and quincy krosby. If there is no deal, 908 billion if that would be a enough particularly without household checks. David, your assessment where we are right now . Right now the market piped it in. Anything less than is giveback, put a number, five, six, 7 . We have to see something. Were pricing i
144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
Well get the story from tennessee senator Marsha Blackburn. All that and more on making money. Charles it is election day. Everyone wants to know how the outcome will impact the market. My goal on the show is to go into the nuances of market. We seek out individual opportunities. Historically the market higher three months into the election has seen the incumbent win every time since 1984. 20 out of the last 23 election cycles that goes a long way. On that note i would like to give me as i bring in my guests succinct answers on the specific sectors because were looking for opportunities. I have got the right guys for you. Beginningbeginning with send grd bahnsen, Heritage Capital cio paul schatz, belpointe chief Market Strategist david nelson. I want to start with technology and communications. Been a rough go but david nelson, how do you see this group postelection . I think the message from the market you can move down the valuation curve. Last week you saw four of five Largest Compa