Maintain that particular story into 2021. With a year for growth, or will it. Jobs report paints a picture that more federal stimulus is the key the key component to making this narrative stick and talks over the 900 billion andemic relief bill ground to halt. Any keyuggle to reach agreement. Today we expected to get the details on the plan, but that was postponed for the sum of 24 hours or so. We wait with postponed for 24 hours or so. Comeback willic be dependent on further push from stimulus. Joe, it is interesting today there was a little more risk aversion in the market we went into that ageold trade that is big tech. Joe big tech that is something, even on the socalled risk off days, it just means buying tech stocks that are doing phenomenally well. That is what counts as a down only tech0, when outperforms. Absolutely. The breath is incredible. Look at the number of stocks and the nasdaq composite surging, a Straight Line up. Some of the highest levels we have seen since early 2
Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
Everybody at nasa basics. Let me introduce the panel and i will each one of them take some words. Steve is the director for the program here at counter arid and joel, the nasa manager of the space Center Program at houston. The deputy manager of Flight Operations director at johnson. The joining us is benji, senior director of human spaceflight programs at spacex. Nasa kurt costello, the program chief scientist and last but not least is arlena moses, the launch whether officer for our 45th weather squadron. I dont everybody is looking forward to hearing from them as well. I will turn it over to steve and let them take it from there. Thank you. Is great to be here following the launch readiness today. Since we talked on tuesday, we have put the falcon nine through a static fire, an important test for us to check out the rocket and make sure all of the systems are functioning as expected. We removed all of that over the last few days and the rocket is really good. Its important to do som
Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they