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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 ....
Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today ....
Says, comparing xoe ce ining cou once again as the death toll crosses 2 10,000 the white house is blocking new fda vaccine guidelines for the coronavirus and the eu is putting the Pfizer Covid Vaccine on a fast track. Shares of pfizer and bioand tech are moving higher ahead of the bell stimulus talks, maybe were stalled again. Theyre set to talk by phone again today. But well, who knows at this point. Hard to say. I wouldnt even try to venture a guess as to whether they make progress they did talk for an hour on the phone yesterday. Pelosi told Democratic Leaders today that talks are going slowly. Right well, look, gary kelly is one of the greatest executives that i have ever met. And he was on squawk and he is actually doing some shortterm furlough, get people back. When hes doing it, you go ta action. Gary is one of the foremost his record is the whole airline rec ....
Lady have contracted covid19. This is a serious moment in which our shared American Values of empathy and charity must be on full display. Its also a moment where the resiliency of our institutions will be tested, as one that highlights the critical importance of medical sciencebased guidance and research. 7. 3 million infected americans and those who have lost their lives, i spent some time every morning in contemplation and prayer for all of them. I turned to the entire first family. They are in my thoughts and prayers this morning and i hope you will join me in wishing them a quick and full recovery in the midst of these challenging moments. And now today gathering, as part of our brookings series, this conference is part of a greater effort to empower voters with factbased, datadriven nonpartisan information to better understand the policy matters discussed by candidates running for office in 2020. The importance cannot be ov ....