election and after all that you may have expected negative reaction on wall street and in the spring stocks took a dive, but now 51 records for the nasdaq, i think 21 for the s&p and i lost count of the dow industrials which has a broken above the 30000 mark. warp speed vaccines have helped them so have the money printed by the feds, low interest rates and a housing move boom, but who would ve thought at the end of a tumultuous year we would be watching a stock market that has gone to new highs? stay right there, who knows what surprises are coming in the last two weeks of 2020. varney & co. is about to begin. stuart: paul mccartney. secular christmas music is one thing, we just had some of it. here we go, wednesday, december 16, 2020, sure looks like a year into rally. dow industrials going up a bit this morning, same with the s&p and nasdaq hit a new high yesterday closing up another 26th 12600. what s going on here, mitch o connell says no one is leaving dc and to lay
wall street expects some kind of stimulus. we have another monday morning rally with plenty of green and the dow jones is closing about a gain of 150, but nasdaq up over 100 points. big tech up this morning i think pretty much across the board, yes. it s all green. even though three top executives will be hauled before congress next week, both sides of the aisle angry over big tex wealth, power, influence and serious discontent about censoring conservative opinions as some senators subpoenaed jack dorsey concerning twitters suppression of conservative voice service. on the campaign trail absolutely no change. the president continues his rallies hammering his message home in the battleground states and joe biden will hunker down. he appears to have put a lid on the week staying home preparing for thursday s debate. that debate is controversial with the moderator who is supposed to be neutral anything but. her family has donated tens of thousands of dollars to democratic campai
the printed term president with this idea, let s talk of more states joining morocco, even saudi arabia, it was a trumped triumph so the media largely ignored, that is politics in the election, like money, the dow industrial this morning will open with a gain of 100 points, small change to the s&p and a small gain for that nasdaq, the fed is likely to announce today that interest rates will stay low for years plus encouraging vaccine and virus treatment news from eli lilly, i got that, sally madeley and paul but the point about the storm, it is moving very slowly, that means drenching rain that goes on and on and maybe two to 3 feet of rainfall in some places, it is a big storm reaching from mobile to northern florida up into georgia and even the carolinas, it is wednesday september the 16th, i believe it is 47 days to the election, varney & company is about to begin. . stuart[applause] i just have one thing to say i ll tell you what if i had the talent of any one of
prices,ng s, equity asset prices and risk-taking. it is not without its consequences. you have to think about what the cost of building has become. have soared, adding thousands of dollars to the price of any new home. tech valuations, volatility. joe, these record low borrowing costs mean you can also lever up. &a.t is why we are seeing m seeing know why we are these pictures when we are talking about market exuberance. extraordinary morning. we were on our news call and news kept breaking. when we were discussing things. nvidia buying the semiconductor from softbank. oracle in some kind of deal for tiktok, it appears. gilead buying immunomedics. animal spirits that helps fuel the market on a day like today. romaine: other big biotech deals. gnc looking like it might have found a deal. if you look at the performance, and that market cap jumping on the day. oracle, a lot of enthusiasm. verizon, it kind of makes sense. we had one of the executives on and he kind of made a case
remodeling big-time during the lockdown. profits went straight up, sales straight up. those tools, wallboard and paint, just ran off the shelves. these two companies are economic indicators. they are doing well. the economy apparently recovering nicely. as for the overall market, well, the dow, that s close to the 28,000 level this morning, up about 40 points at the opening bell. the s&p, that s just a couple of points away from an all-time high. the nasdaq, already there. by the way, apple is only, what, $10 shy of a $2 trillion valuation. all right. let s get to it. the virtual convention. if it wasn t clear before, it should be clear now. this is bernie sanders democrat party. he laid out a far left platform and it s been adopted by joe biden and kamala harris. socialists wrote the party platform. i m calling it the biden/harris/sanders ticket. it s the most progressive t campaign of any political party in recent history. tonight, alexandria ocasio-cortez will be a fe