Bill the dow shed 179 points and the nasdaq inched up. 09 . I want to take the temperature of Real Companies to see how theyre handling one of the strangest moments i can recall were going to find out next week when we hear from some of the most Important Companies in america. Ibm reported and dented the dow but not the titans of tech they used to be these days theyre fighting for relevance. So what is my game plan . Well, we had a mini rotation into the consumer Package Goods name, a slowdown every time we see oil tick lower well see if the rotation continues after Kimberly Clark reports on monday morning. The last quarter was bismal. Can Kimberly Clark turn things around stay tuned johnson johnson, not only do i expect a fabulous quarter but leg on the Clinical Trial of the century. Their one and done vaccine candidate that could take this country and make it, well, lets say back to somewhat like it was. Next, you know what is quietly moving up . The left for dead General Electric wh
You miss . Caroline thats beautiful. [laughter] when we all woke up this morning, it seemed the markets in the u. S. Were ready to follow downwardd post a big but it petered out. The u. S. Might have taken it in stride today but there is concern with increasing cases of covid and a new mutant strain of the virus in the u. K. With all the markets showing bullish sentiment, could the vix break out once again . Of course, all of this is tesla rising in the s p 500. Digest a more volatile relationship between tech titan apple and facebook. Lets start, big picture, volatility. Joe we saw the vix moving at a 25 handle, but it is fixed month versus the spot vix that has my attention. Thats what you see in yellow at a 26 handle here. And this as you know, the emergence of a variance, a mutant of the covid19 over in the u. K. That is offsetting some of the volatility we got around the 900 billion stimulus in the u. S. Volatility slowly rising. It has been elevated all year long. Hard to panic t
A top scientist is shot down in a shocking ambush. This morning cbs evening news, speculation as to who did it. Morning madness cbs evening news, as basketball heats up cbs evening news, we will talk to the coaches about the difficulties of playing in a pandemic. Learn why march madness is tough in any sport. Your world in 90 second. We have to hunker down. Vaccines will make a difference in the spring and summer. Theyre not going to make a difference right now. The u. S. Shatters a new record as a surge of cases nationwide shows no science of slowing down. If you have a gathering and has people that have covid or are sick you definitely have to quarantine. An assassination. This is a major proceed to the Iranian Nuclear program. Not only the fact that he was known as the head of the program but known as the father of the iranian bomber. The outcome of the election still remains unchanged. A federal Appeals Court rejected this decision. 2020 black friday. Just call it covid black frida
Pfizers chairman admits that theyre not sure if someone can transmit the virus after vaccination. And call it a box office reset, warner bros. Will release films simultaneously in theaters and streaming platform hbo max it is a seismic change, carl, in the economics for those related to the film business and well certainly be willing to and happy to take a closer look and discuss it. Yeah. Fascinating change in the economics there. But, guys, jobs numbers, the story of the morning, jim, not just the number itself and the trend it outline, but the degree to which it is going to color the debate on capitol hill today and maybe next week. I think it is enough ammo to say, look, we have to do something, there is some areas of the economy that just are cannot be sustained. Dont forget, these numbers are ahead of what will be a gigantic eviction notice that more than maybe more than 13 Million People get in january. I think this number is just enough to be able to say, lets compromise it is
Ask yourselves now that nearly all the big tech outfits reported and a day the market rebounded from its lows. S p jumping 1. 19 and the nasdaq surging 1. 69 . All right. It didnt make back everything it lost, but like i said, nobody ever made any money panicking. If you panicked yesterday, always a better time there is a whole network of smart, rigorous Money Managers who believe apple, amazon have become ridiculously expectative. Downright danger to zone they dont welcome the possibility that these could be worth trillions of dollars im not kidding, every day same goes for their compadres netflix and microsoft. There are tons of stocks in this market way too expensive by any traditional valuation metrics. However, that does not include facebook, apple, amazon, maybe alphabet say nothing of microsoft only netflix is one that i think is a bit of an outlier this is 2020, not 2000 that being the dotcom boom with the exception of amazon and netflix, all of these big tech stocks are valued