To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
Of grafton furniture. Your grandfather was here. Now your father is here. And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the famil
Lufthansa looks to take off. Efrp eu regulators approve the plan bayer stock gets a boost after the german drug giant settled hundreds of claims around the weed killer roundup ending years of disputes it was a grim day on wall street losses more than 2 suggesting we will extend these losses after america recorded nearly 35,000 new covid19 cases in one day. The highest level since the number peaked in late april. California and florida both logged a record rise in daily cases. Disney has postponed the reopening of the park in california originally scheduled for july the delay comes as disney workers in florida urged local authorities to reconsider plans to open the orlando site due to a recent spike in cases. The company welcomed visitors to hong kong. Apple has shut a number of stores in texas due to the spike in the cases now temporarily closing seven houston area locations following similar moves in arizona, florida and north and South Carolina new york, new jersey, and connecticut i
We welcome you in different localities around a beautiful and recovering new york city. You see that on the stock market this morning, with equities up nicely, and yields higher. Safe havens a little bit in retreat. Jon, what is your observation on a tuesday as we move through the week on how this market is doing . Jonathan the focus quite clearly, reopening. Views are still polarized because the near term are so binary. Either reopening is a success, or it fails and we get a second wave. It is one or the other in a nearterm, at least. Tom one of the things that is so important is when i look at the recovery that we are in, it is predicated on the next round of stimulus. Why do i need a round of john norman at j. P. Morgan is telling me we are in some form of recovery . Lisa a lot of people are expecting the federal government p enhanced Unemployment Benefits. There is expectation baked in that that will continue. My question is, how much pressure will they be on washington to continue
Your grandfather was here. Now your father is here. And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt