Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
Southwest, at t, dow and Union Pacific this morning, jim, the hard thing today, jim, is going to know where to start. Yeah, i mean, look, i think last night the news flow was, as you said yesterday, heavily weighted toward microsoft which people regarded as disappointment i think that disappointment is not having the greatest quarter in the world, lets just say that today i think that the focus is whats going to happen when these benefits end and which companies are going to be able to continue to deliver the numbers. For instance, chipotle had a great number, will that be impacted whirlpool had a great number last night will that be impact snd what are we going to see with southwest air we had a fantastic interview with american and then secretary mnuchin i felt once again sounds like theres some room to get a deal done. We need a deal or else were going to find ourselves with a consumer who is too strapped and i think that thats what im looking at for next week and then of course im
Definitely alarming and why we sit at the desk all of the time and when you get a volatility index toward 12 or 13. You buy it when you can and not when you have to and it makes sense to me. When you see the vix trading to 20 it does create opportunities, mel, because if youre looking at the market and youre looking at stocks that are oversold for the wrong reasons. I think if youre directly involved with anything china related right now thats probably a served selloff right now and what youre getting over the next couple of days and there are names getting dragged down and because of that you can add some of those types of names and use the higher volatility in the form of a buy right. When you say dragged down, do you Mean Companies that have no or little exposure to china, but are getting sold along with the ones with exposure i get it and karen and i were talking about this in the green room earlier, but home depot is a great employ xael. Example that is going to to be in effect, b
Today, we will hear testimony from some of the nations leading members of the labor and business communities, as well as from experts on the systems that connect our communities and fuel our economy. It will highlight the urgency with which we must address our nations infrastructure crisis. Our infrastructure system used to be the envy of the world. Now, due to decades of underfunding and neglect, its falling apart. And were falling behind our global competitors. The deficiencies of our roads, broadband, electrical grids are all well document and widely known. This is a problematic reality for every single state and Congressional District in the nation. In fact, the American Society of Civil Engineers gave our countrys infrastructure system a grade of d plus. They also would note that it would take up to 2 trillion of investment over ten years just to bring our grade up to a b. We face the largest infrastructure funding gap in the world. America shouldnt settle for anything less than w
Members, and thank all of you for being here this morning. Communities, as well as from experts on the systems that connect our communities, and fuel our economy. They will highlight the urgency with which we must adjust address our nations infrastructure crisis. Our infrastructure system used to be the envy of the world. Now, due to decades of underfunding and neglect, it is falling apart, and we are falling behind our global competitors. The deficiencies of our roads, bridges, transit, Water Systems, broadband, and electrical grids are all well documented and widely known. This is a problematic reality for every single state and Congressional District in the nation. In fact, the American Society of Civil Engineers gave our countrys infrastructure system a grade of d . They also would note that it would take up to 2 trillion of investment over 10 years, just to bring our grade up to a b. We face the largest infrastructure funding that gap in the world. America should not settle for an