Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Whatsoever theyre pure slight of hand. Do i have more pencil . Stocks are also exactly what we need to help keep this market moving higher like we did today with the dow gaining 290, s p jumping and the nasdaq 2. 13 because apple and tesla gave you fantastic news about what it should be a 4 for 1 and 5 for 1 stock split respectively again, no new value but boy, do people love it theres a reason we have to feed the bull with more nourishing stock blitz and ill tell you why. Years ago individual investors deserted the stock market with the implosion of 2000, 2001 and financial crisis of 2007, 2009 they gave up on the asset class and started tiptoeing back, looked enticing and something would go wrong 2015 mini crashes. But in the past few years, beaten down individual investors, a lot of younger investors intrigued by low to no commissions. Finally started buying stocks again. Despite all the gray beards telling you its impossible to beat the market, despite the supposedly brilliant Mone
[silence] we can kick off the next panel discussion. And again we have two presenters and two discussions. This panel is focused on opportunities for us are okay Communication Collaboration cooperation in the Aerospace Industry and to my left our first presenter, alana pointman, who is currently at the center for new american security, new york, sorry, got that one wrong, the new america foundation. Apologies, new america foundation. A lot of think tanks in town that all do incredible work and one can confuse them. She is running the new york office for the new america foundation, the former deputy secretary of defense for manufacturing and Industrial Base policy and grapples with all of these issues about the structure of the Aerospace Industry, increasingly Global Nature and how that affects us defense inherently and the opportunities for cooperation between the us and other allies. To her left is doctor wu june janke, director of defense and Aerospace Industry division and Research
Aerospace industry efforts to work with the u. S. And south korean militaries to address north korean aggression and nuclear capability. Okay. Now we can kick off the next Panel Discussion. And again, we have two presenters and two discussants. And this panel is focused on opportunities for collaboration, cooperation in the Aerospace Industry. And to my left our first presenter is ms. Elana broitman who is the who is currently at the center for a new american security, their new york im sorry. Got that one wrong. The new America Foundation apologies. The new America Foundation. There is a lot of think tanks in town that all do incredible work. And sometimes one can confuse them. She is i think running the new york office for the new America Foundation. She is the former Deputy Assistant secretary of defense for manufacturing industrialbased policy and grappled with all of these issues about the structure of the Aerospace Industry, its increasingly Global Nature and how that affects bot
Tell us volatility is back, but were not seeing it. This morning the vix is trading at 10. It marked the second time this year that the vix traded below 10. Overnight in asia, take a look and youll see the nikkei was up by 0. 7 . Hang seng was up by a third of a percent. The shanghai was down by a third of a percentage point. In europe, some of the early trading, things are relatively calm. Ftse up by a half percentage point. Modest gains for the cac and dax. Among the top stories, big news out of hollywood. The Writers Guild of america reaching a tentative agreement with the alliance of Motion Picture and Television Producers avoiding a Writers Strike. They reached an agreement just after midnight. The Writers Guild had threatened to strike today if an agreement was not in place. Infosys making a big bet on america. The Company Announcing it will create 10,000 jobs here in the United States of the next two years. Those jobs will focus on the cloud, Artificial Intelligence and big data