Market another major selloff on wall street. Stocks temably tumbling s p tumbling but check out what happened on the year this has only happened 17 times before going back to 1962. Brian kelly, what does this tell you about the market well, it tells me we are in for some tough sledding, a lot of turbulence. What is interesting, that bonds and stocks did Different Things than they should have done there are a lot of people in the market, when stocks are down and bonds are supposed to be up. They used that as part of their port foal yoan when things get out of whack, they have to balance that. This feels like the end of february, beginning of march gold didnt do well, bonds didnt do well the only class that was up was bitcoin. That seems to be a safe haven. Jeff, what did you make of that when we talk about safe havens, it is not necessarily negative health care outperformed and utilities outperformed so it was the usual suspects but tech not being a safe haven, that speaks to the statis
Next, a Political Science professor teaches a class about president ial debates and their influence on voters. We will start today by talking about candidate debates. That is my favorite thing about a campaign. I am really excited to talk about this today. I want to give you a little bit of history. President ial and Vice President ial general election debates became a highlight of the campaign season. I it is something we expect to happen. Guess its also common in high profile races. So when was the first debate . As a historical trivia question. Anybody know . Ill give you a hint. No one recognizes those people . This is a false hint. Thats Lincoln Douglas. The famous Lincoln Douglas debates and they ran against each other for president. Those debates were when they were running for the senate. In illinois in 1858 and they had numerous debates. Around the state of illinois. Kind of an odd situation. That they ran against each other u. S. State. Douglas was elected by the legislature.
Joe, its these mnuchin headlines getting something done in terms of stimulus by the election, he says, is tough. That caused a bit more of a selloff in stocks and it underscores why the nasdaq continues to have a bit under it yes, it does clearly and youre also seeing a little bit of a fallback in yield, scott. The tenyear is pushing back towards 70 basis points, somewhat troubling, i would think the market needs a little bit of some of the Forward Momentum that its been carrying in the last week or so to really cool off a little. I think we were getting a little too vertical in the way we were appreciating so the negative news that youre getting on the stimulus aligns with maybe a much needed little bit of pause in that rate of appreciation im not overly concerned by it. Yeah, rates are falling you see it there 71 basis points is where we are on the tenyear, an issue to deal with, tiffany, or perhaps the message in the fall. Everything is coming down on the mnuchin comments but its mo
Today. Stocks higher as the president returns to the white house plus two big steps in the race for a vaccine sending shares of biontech and vir higher. And battles over how to regulate big tech over a yearlong antitrust investigation republican ken buck from colorado will join us to discuss the gops concerns about too much regulation. Power lunch starts right now welcome to power lunch. Im dominic chu. Check out shares of boeing, one of the biggest losers, down more than 2 as it says the pandemic will hurt Aircraft Sales for the next decade. American airlines delaying boeing 737 max Pilot Training as it awaits the faa to recertify the plane. And the reopening trade is reactivated on some of the positive vaccine headlines that kelly just mentioned on air and then of course the energy trade on fire right now, one of the best performing sectors as crude oil jumps, now up 9 in just the past two days. Watch those trades, the energy sector, very, very much on the up side there. Kelly, ill s
Others are still burning strong. Governor newsome has repeatedly linked the while visors with the changing climate, they spoke about the fire at length with presidt trump, in sacramento on monday for the president had threatened to cut off federal funding to california for poor Forest Management with other issues. During his monday visit the president refused to acknowledge that Climate Change is playing a role in the tter and more intense wildfires. A denial at odds with Public Opinion about Climate Change. Hampton, connecticut, is a professor at the yale school of environment and Research Scientist at the yale program on Climate Change communication. Journey by skype from oaklands dan cannon, and director of the renewable and appropriate energy lab, thank you both for joining us. Jennifer i want to start with you, pr ident trump didn acknowledge that impact of Climate Change on the fires, instead saying it will start getting coer, just to watch. Your data would indicate that he is no