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Welcome to a special salute the Service Veterans day of mad money. I am trying to make you money. My job is not just to entertain you but to educate and teach you. Call me at 1800743cnbc or tweet me jim cramer the old normal has died. The new normal has born. Now is time for nuance the dow gained 263 points. I think we have gotten into the point where gross and values which people throw around all the day. Covid is exploding but a vaccine is on the way along with a new president. You need to be prudent and rigorous than that you buy the cyclical so you buy the software i mean there is some powerful, simplestic concept here. So why dont we start with the vaccine because it is on somebodys mind. Yesterday news from pfizer put it all together and yes, we can finally see the light at the end of the tunnel. So what does it mean for the stock market well, if we get good news from other vaccine developers, johnson and johnsons and othe ....
Economy as well. With concern that it would hurt the reopenings that would have been under way along with another round of infections because of all the demonstrations diane swan tweeted out today, theres little question the events of this weekend will affect the economy what started as a health crisis, but much more. The riots lasted, how long he wrote a long piece saying, its too soon to know how the economy will transition. The timing and trajectory of broad economic recovery will not be altered hopefully we can find ways to expand opportunity, a way that will more effectively tap the potential of everyone. That will be good for the economy long term. The economic story this week, before the issues was going to be about bouncing off the bottom and indeed we have a paradox here bouncing off of terrible numbers to numbers that are still absolutely terrible. The ism today coming in above 43 were looking for 44 its better than the 41 we have. Same story with ism services on wednesday. T ....
Are moving slowly. Were down 1. 5 on the s p with one, two, three four sectors down more than 3 as we stand. Coming up on todays show, a rare and exclusive interview with the apollo manager and ceo, leon black well get his tack on this volatile market. Plus the big push with air mark to support new York Health Care workers. Well also speak with germanys minister of health as that country grapples with when and how to reopen its economy. A a better performer in a relative sense with handling the virus to come European Countries and coup tris. Lets focus on the big stories bob is tracking the sell off meg has new details on the rush to find a treatment for the virus. Phil is watching the airlines. Brian sullivan covering the historic opec deal its lack of impact on oil prices so far bob. And a great rally of last week, 12 on the s p fizzled a little today, but no surprise ....
Here believe it or not, maybe your stat of the day, 164 of the s p 500 are actually higher now year over year for all the market damage over the past year. A good chunk of the market still remains higher we have a great Investment Committee lined up for you again today. That would be guy adami, and karen finerman, who will join us in a bit let us begin the show by focusing on four big mac row calls today from well known firms, all kind of saying the same thing are you ready, folks lets walk you through it, number one, goldman sachss, the market urn likely to make new lows morgan stanley, pull backs should be bought jpmorgan chase, were going to hit all time highs in the market next year. Piper stanley being more direct. The bear market has concluded. There you go guy adami, you heard that, you have four calls all saying the same thing, its not taken away from main street and the human toll we understand we are focused on the ....