Theres some interesting things in the Options Market that could keep the market down for a bit of time. I do think people are underestimating, a, youve got a good economy with a tremendous amount of stimulus coming in and i think that will continue to drive the market higher. Plus youve got a dynamic where the fed has made much of the fixed income market on investable with treasury and mortgages where they are today, when you take the earnings yield well into the 4 off next years earnings that is a pretty attractive asset class and i think it will propel the market higher so election uncertainty doesnt matter much in the near term stimulus talks, negotiations may not. How does that factor in . Its a big call that you make. Youre the one that suggests in our notes today that it mossably could happen or at least start before the election. Yeah. I mean, so listen, the election the election does matter i think what people have started to realize, since the last time i was on your show weve
Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us and his article calling for more than 2 trillion in government spending. We begin with breaking news on apple. It is much anticipated event unveiling a new number of products we have the latest josh so a lot of news in that 60 minutes of apples show today. Start with the new hardware. That new ipad air. It is going to start at 599 available next month 10. 9 inch display with a huge boost in performance we know the ipad is a hardware line clearly benefitting from that work from home trend apple w
Nasdaq up 20 and s p 500 futures up and it was another day of gains with the dow industrials closing 378 points at 4 00 oclock on wall street. Nasdaq up 67 and s p 34. Rioters setting fires and smashing windows calling for justice days after a black man is shot by police. Marco making landfall, hit the u. S. With less force than previously thought. The real threat from Tropical Storm laura looming in the gulf. Tiktok suing Trump Administration over proposed ban insisting its not a threat to National Security. Saving American Farmers. One famous man coming to the citys defense. Mornings with maria live right now. European markets in the green take a look. Cac quarante is up 36 and dax index in germany higher by 89 points. Overnight, mixed story in asia. Take a look, trade representative lighthizer spoke with official. Republicans striking optimistic tone on night one of National Convention. The gop formally nominating with inperson roll call in charlotte, North Carolina allowing 6 deleg
And sometimes you had to go through nine, 10, 12, different agencies. So even if you did absolute rapid it was many, many years before you could even think about starting it. We have up here, by the way, thats a chart of the old system and the new system. I think the new system is better. [applause] i think it is better not only in time, i think it is better in terms of the process. I think it is better in terms of the importance from an environmental and safety standpoint. But take a look at that. This is what you had to go through, in fact it was much more dramatic when i first came up with this, about a year ago. We took that and we rolled it out, it was so dramatic t kept going and going. The difference is that, so many of those steps you had to wake before you could even think about going to the next one. You had to gut full approvals. Any one of those colors where there was a problem or a rejection meant it was dead. And now you go through this very simple but very comprehensive
I want to rock and roll all night. And party every day. I want to rock and roll all night. And party every day. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Lauren happy friday. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this friday. The banks so far surprising to the upside, a little bit of pressure on the futures market. The dow is down 18, nasdaq is down 10. Well be hearing from American Express before the bell. Lauren in asia, the shanghai come pocomposite in china, down. Beijing reporting the worst Economic Growth since the 1990s. Cheryl all eyes on europe, with Boris Johnsons deal with the eu. The cac 40 is under pressure. The dax is slightly higher. Lauren we have a lot of geo politics in different poll e pos in different parts of the world. The fighting continues in Northern Syria where shelling and smoke can still be seen. Cheryl Griff Jenkins has more from washington with all the latest. Griff, good morning. Report