Many of indices. The nasdaq is 3. 2 higher. We are also seeing a recovery for oil. We are still below 40 per barrel. The vix is up there but well below 30. For all the recent volatility is favorable for some investors, lets welcome our first guest. She is managing director and head of longshores equity. Talk to us about the strength of a strategy these days. It has been a couple of years for hedge funds. What is the driver of this . Thank you for having me. This is such a great question. It is head spinning which way the markets are going to go. There is daytoday volatility. We have the election, a vaccine, theres a lot of volatility in this market. Whats important for strategies most importantly is dispersant. To see winners and losers. Short Equity Strategies struggle predominantly more because of the short book. It was the short book that was a challenge in this rising market. Accelerate to where we are today in the cycle and where we are today in the pandemic and we have real oppor
Park im definitely soaking it in and enjoying it very much. To jamming with his two brothers mike and jim. But a few months ago life was not so idyllic. I was certain he was not going to make it. Everything happened real fast. Will is the larger than life drummer for death angel, the legendary bay area thresh band. Just think of very heavy metal souped up. Went kpix 5 first interviewed will back in january, it was shaping up to be a great year. The band scored its first grammy nomination, had a hit album in a soldout European Tour. March and invisible thread was incubating. In the middle of covid19. The tour took place as the pandemic took off. On the second to the last day will felt off. I just assumed it was tour fatigue, may be a hangover. On the flight home to ff, sfo, he came very sick. She told me i was acting very bizarre, staring at the wall in a trancelike state. Chu brought will to the California Pacific Medical Center and he ended up in the icu, in a coma on a ventilator for
Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i
A big question about Political Risk heading into november. Francine we will have plenty more on u. S. Politics. We start with Leslie Vinjamuri shortly. Lets start with first word news with ritika gupta. Ritika joe biden is counting on thela harriss ties to Africanamerican Community and herself branding as a prosecutor. As a progressive prosecutor. She is the first black woman in the first asianamerican on a major Party President ial ticket. Before being elected to the senate, she was californias attorney general. Upcoming trade talks with the u. S. , bloomberg has learned to chant that chinese will bring up President Trumps second ban on the two apps, wechat and tiktok. In hong kong, media tycoon jimmy lai has been released from jail after being arrested monday, the most prominent figure detained yet under chinas sweeping new National Security law. It is seen as a sign of how hong kongs independent Justice System is being undermined. The apple daily is critical of chinas communist part
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta