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Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look ....
Taken since yesterdays 3,000 point drop jim, you have never been a huge fan of futures, but you think they are especially irrelevant now. Right these are fraught. I got up three, the market looked great it was up like looked like we would make up half of what we lost yesterday i come back, were down. Lets stay focused on individual stocks individual stocks are all being brought down by the indices. The great opportunities, i want to use that word, come from the obliteration of the futures, mean while there are companies who are doing well theres companies doing quite poorly well go over both there will be opportunities today. Theres a lot of give up yeah. I want to get i have a lot of specific questions for you i know you have regeneron tonight. Signs of hope, whether its test kits from roche, therapeutics, you heard gottlieb a moment ago talking about it those three things, test, therapeutics, vaccines we are starting to see very early signs of progress. Absolutely. You look at tesla. ....
Road map begins with the curse of the unicorn uber under pressure again. We have that softbank disaster after the funds wework debacle. Masa son saying his investment judgment was poor. Hp rallying ahead of the bell, the target of a potential takeover effort by xerox well start with uber. Shares facing more pressure after hitting an all time low yesterday. Company reports another billion dollars in losses as you know and the post ipo lockup period is expiring, freeing up a billion shares for trade the take among some is the shares are so underwater, maybe the expire doesnt mean as much. I dont buy that reasoning. I think that what matters on the conference call, they committed to losing money. Now they committed to making money in 2021. The patience level is lost here. I think this is one of those stocks where you say why do i need this, i can buy i can name ten other stocks and the kinds of stocks that are going up are value stocks, this is the ultimate of what youre not supposed to b ....
Cramer and david faber futures on the move off the highs, retail sales are solid and 2year hits 2 Bank Earnings as a highlight as earnings season kicks in europe is mixed and oil is giving back gains. Our roadmap begins with the big banks beat jp morgan and wells and black rock with better than expected quarterly earnings. Wall street is eyeing fresh record stocks getting a boost from strong corporateresults and a bullish sign for the economy. West wing vul garts, the president mixing a bipartisan immigration deal and denying offcolor language. Jp morgan chase, wells are both mixed and jp morgans released, jamie dimon expresses optimism about the new tax law. The enactment of tax reform in the Fourth Quarter is a significant positive outcome for the country. U. S. Companies will be more competitive globally which will ultimately benefit all americans. The cumulative effect of ....