Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Question looms large who pays for the t. V. And toilet paper the answer according to the dutch is your bosses and how much about 2 year 0 s. Or 2. 40 per working day on average this is interesting the lockdown has shifted the way people relationship with their bosses of their companies and how to account for costs and a down to the granularity of toilet paper and the only industry i know where toilet paper costs are incorporated in the p. And l. On a monthly or weekly basis is in the prison business in prison people d are very parsimonious with their toilet paper and its all accounted for due to the nature of that industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are racked are basically part of organized labor they have collected. Bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the offi
Market including jobs of the trumpet ministration are doing we will soon be in record territory all they want to discuss is couvade 90 you know for one side agree mr president lets discuss the u. S. Economy and our friends on wall street in fact just last week the Federal Reserve released its legal latest triennial study into consumer and Household Finances and according to Mint Press News the report found that quote millionaires and billionaires hold a remarkable 79. 2 percent of the United States Household Wealth 2 and then only 11. 9 percent of american households have at least 1000000. 00 in wealth to their name only 11 only 12 percent roughly but but what about wall street us that that magical mystical place that realm of power here in the United States well truth is wall street means. Very little to most americans as a political political reports that the reality is that the wealthiest one percent of americans own 50 percent of the value of stocks held by individual households an
Industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are racked are basically part of organized labor they have collective bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the office and this is apparently considered a right across the rest of europe we see spain has obliged employers to pay for home office meat and some equipment germany is debating a bill in trying to Remote Workers rights francis passed a law shielding them from after hours email of course while britain has hinted that it may relax the rules on Tax Deductions for work related equipment purchased during the pandemic of course we just passed a tax bill a huge one last year here in america and that got rid of that Tax Deduction if for things you have to buy from home for work that is not reimbursed from your office like in a
Industry comes to life in los angeles every night. Dozens of women sells abilities on the streets many of them underage. Los Angeles Police reveal a taste of the daily challenge though if youre going to exploit a child here in los angeles there were going to come as you see officers going undercover as 6 workers and customers to fight 6 trade. Greetings and sell you take. All right the great leader yes u. S. President donald trump is finally back in the confines of his plush white house to wait out his bout with colbert 19 after leaving Walter Reed Hospital on monday thankfully his brand of Performance Art was on full display these last 2 days especially on monday night with not only the president claiming that maybe hes hes you know maybe actually. Took over 19 and that we shouldnt be afraid. But i didnt feel so good and 2 days ago i could have left 2 days ago 2 days ago it felt great like better than i have in a long time i said just recently better than 20 years ago dont let it domi