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To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industr ....
Debut at the New York Stock Exchange that direct listing, we expect that debut to happen any moment now. Well show you that when that begins trading steve weiss, i begin with you, you have positive news today on virus therapeutics, some of the Economic Data was good as well you have made some interesting moves. You bought back ford, bought back peloton, corvo, and i want to know why. I also bought back some of the clean energy plays heres why i perhaps got too negative wos week vgts it seemed to me that the market has been digesting, given bidens movement in the polls consistently having even a lot of the swing states, so i thought that the debate was bidens to lose, knowing where trump was going to come from, he was well prepared. I thought thats what we got i did not count on the risk to my negative scenario was also stimul stimulus i did that count on the positive ....
Switch the dow around would we be looking at essentially the same falloff . Essentially we would. This is taking nine of 12 key sectors down. Financials are holding up pretty well today but a lot of this was driven right now by concerns, comments made by dr. An any fauci. I believe he was doing interview on cnn he expressed doubts having a vaccine ready by october. I think there was leaping on that as excuse to sell, just as it could be a leap on Mitch Mcconnells comments that we might not get a deal together, spending measure, virus, stimulus deal together anytime soon. And that he doubts they will be on the same page, republicans and democrats anytime soon. Add to that that weve got new u. S. China tensions. This didnt get as much attention. It has nothing to do with trade per se but with the administration move to impose restrictions on chinese diplomats already here. I do think when you get a selloff going, people collect al ....
Today, the covid and convention, but this is a big deal. Im outside in port arthur, texas. That is the biggest u. S. Oil refinery. That is the motiva refinery. It is shut down, flaring some gas. Just a skelton crew. They cant shut it completely down. That is shut. Oil and gas throughout this region shut. But more importantly the people. Take a look at the latest pictures of this morning people getting, the last plane out of saigon almost. The last few buses out of the port arthur dead center in the cone. Were dead set the eye of the storm could come ashore. If it is a cat4 storm that comes ashore, and youre in the wall, you will get quite a ride. You point out unsurvivable water in terms of storm surge. We talked to some folks that stayed in other hurricanes but after their experience, this time they say, im out of here. Trying to stay, when they said it would be category, would end up being a category 4, the possibility we would be in the eye, that is kind of scary. With harvey, we we ....
The nasdaq has surged to. We are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. But its not just the high flyers within the nasdaq that are boosting the techheavy index. Our floor show traders are about to name their top nonfang nasdaq picks for you. The Trump Administrations china hawk walked back his declaration to fox news last night that the china trade deal was quote, over. Even after Peter Navarro did, the d. C. Word shuffle, could a new game of trade chicken be developing with the worlds second largest economy . Key Trump Administration adviser tom kehoe is about to flag us on what he sees as a slightly fishy situation overseas. And darling, dont give me park avenue. New york citys Real Estate Mar ....