President. His support among independents gone straight up despite the intense opposition of the media and the democrats. More positives. At the president ial town hall, mr. Trump suggested a vaccine is possible by december. Dr. Fauci says january, if everything goes well. That would be a major step towards a fullscale return to work. However, the president also said he could impose fresh tariffs on china. He called that the ultimate punishment. We should point out that there is a new report this morning suggesting china deliberately manipulated the virus for its own advantage. Lets get to the market. It will be opening lower this morning. In part because of the threat of tariffs. Look at the dow, down maybe 200 points. Nasdaq down about 55. S p down about 20. And then theres Warren Buffett. Big news there. He has sold all his Airline Stocks, all of them. He no longer has any money in that industry. However, he did lay out a big positive. He said this economy will come back, quote, not
Nobody wants a second wave. The market starts the week on the upside again. Investors like the get back to work trend and there are several forecasts of imminent recovery for the economy. Secretary mnuchin says there will be a rebound july, august and september. The dow is looking at a 200 point gain first thing this morning. Thats close to 1 . A nice gain for the s p, close to 1 . The nasdaq will be up over a half percentage point. Now, the reason the nasdaq is up, because of this. This week, many Big Tech Companies report their financial position. Strong results expected because the virus lockdown has a more limited effect on these companies. Premarket, most of them are up. But look at oil. No joy for the drillers. They are looking at 12 a barrel and the worldwide glut shows no sign of easing. Over the weekend, the price slump claimed another victim, diamond shamrock. The drillers declared bankruptcy. The price of gas still falling, albeit slowly, about one cent down a day. The avera
Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelosi says no to more help for Small Business. The money has r
York have been discharged. Meantime, italy seeing its lowest number of deaths in more than two weeks and that is helping the market this morning. A strong rally in store as investors begin this holiday shortened week with some optimism. As you can see, the futures up, the dow up 788 points, the nasdaq and s p all well above 3 . It is a different story, though, for oil. Even with hopes of a deal between the russians and saudis, we still have a glut of oil because, well, no one is using it. Oil down, as you can see, down nearly 5 at 26. 94. Meanwhile, questions begin over whether to reopen the economy, when exactly. That will be a political decision as well as a medical one. And President Trump warming to the idea of a second task force whose job would be reopening the economy. All of this while the need and scope of a fourth stimulus package is also being discussed. Hello, everyone. Im Ashley Webster in today for stuart. We begin with your money. Joining us now, economist john lonski. J
Of emergency. That doesnt include local and a school near settle closed for state. Lower taxes, not higher taxes. Leave the people alone. 2 week and microsoft had asked stuart i think we know where work nester bay area and seattle youre coming from gary to work from home. The question on the market and kaltbaum. Lets ask the same question to investors are still is shame. How much will the economy slow, we dont know yet. Jack how. Politics, ugly threat to supreme im one of the Economic Court and came incredible by from senator schumer, the radicals who believes in paying minority leader of the united his bills, so we cant pretend that we are paying our bills States Senate at a proabortion when we have a trillion dollar rally he raised, you wont know deficit. By the way at the top of expansion we hit next recession. What hit you, he said. We might be going into the hole that story is not over. 2 trillion every year so if there was an idea and as long as schumer may be censored and then i