Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
It brings unemployment claims down to 22 million in the past four weeks and that essentially wipes out all the jobs created sin the financial crisis we know the dapta was going to be bad and will continue to be bad because this is reflecting periods that arent april, and we know april will be even worse. Right these are daunting historic we look at them, we must think about what was happening, say, in 1930, 1931. We realize that the system may hold, may not hold i think were in a stronger position than then because they didnt have a social safety net, but these kinds of layoffs, theyre extraordinary. And we are at a loss for words for them obviously, all these people are now in some way or another getting compensated this week. But i think its not enough, and i keep thinking that the longer we dont have and its not opening or closing america the longer we dont have faith in being with each other, youre going to have to keep seeing these numbers. I have to tell you, i was hoping i never
Businesses. Here we are. Thank you. Good morning, everyone. It is a pleasure to welcome you all on behalf of the brookings institution. Cornell law school and vanderbilt law school. We are incredibly delighted that you have joined us today in person as well as online. Talk with u. S. Financial system, given that it is outside of a Holiday Weekend and you guys are here to talk about the Payment System, i think it is safe to assume you are here for a completely full on nerd experience so that is exactly what we are here for. Deeply desperately needs it. It needs your ideas, it needs your policies and passion to get it ready and equipped but we know is already here so we know the u. S. Payment t system has undergone structural transformation over the last three or four years and if we could have a show of hands in the room, youve been using the last 24 hours to pay for anything. One, two, three, four. You think as much as so many of us are moving toward a cashless universe especially afte
The economy will average 3. 5 growth and create a total of 25 million new jobs. You can visit our website. Just look at the math. It works. This growth means that our jobs and plans, including our child care reforms that ivanka trump, my daughter, are so involved in will be completely paid for in combination with proposed budget savings. It will be deficit neutral. If we reach 4 growth, it will reduce the deficit. It will be accomplished through tax,plete overhaul of our regulatory, energy and trade policies. Right now, under the Obama Clinton policies, the economy grew only 111 less order your and number that was shocking to people that do this professionally and for life. It translates into millions of lost jobs and certainly millions of lost good jobs. Because we dont have good jobs anymore. Those jobs are gone and going. This is the weakest socalled recovery since the great depression. Over the last seven years, the economy only grew 2. 1 , the 70 period in 70 70 years. Under reaga
This kind of feels like the mentality that has been behind a lot of the ball moves in the market in the last year or so. Thats bull moves. Economic numbers this morning were not great by any means, but also not terrible. Lets you are convinced things will get worse from here, perhaps you want to be a buyer. The dow jones also up 1 . It is up 100 basis points almost. 1 . Aq and s p 500 above you are also looking at moves and a few of these sectors now participating that one of them is the Health Care Group has done pretty well. You also look at infotech which has done great today. That is being helped by apple, some of the big tech names. If you look at what is happening with casinos come a pretty big move. Wynn resorts in the positive. That is helping that sector. Wynn is doing pretty well, up 14 since the start of the week. This has been a referendum on where they started last quarter. The Casino Companies in the u. S. Do have operations outside of china. Wellhave been doing compared