Call it a 25 million what if why new comments from President Trump have the media folks getting social media on their side over exxon. And later on, steal a xwas gebaa taco why fans have a new reason to tune into the world series and why prices are sky high for the seats. It is thus, octobuesday, octobe this is boais worldwide exchan got too much time on my hands all right, good morning, good afternoon, good evening from wherever you may be im Brian Sullivan throwing out a little styx and here is another song quote see if you get it. 2020 24 hours to go and maybe the markets want to be sedated that after yesterdays 400 point haircut for the dow and 1. 5 drop on the nasdaq the markets nervous about the nancy pelosi imposed stimulus deadline in 24 hours and maybe also starting to think about much higher taxes if we see a blue sweep but right now, the futures are reversing just a bit not indicating that they will gain back what we lost, but dow futures are up 150 and of course context alw
Speaker pelosi remains optimistic about a preelection aid package. I dont know talks are continuing today not sure how Mitch Mcconnell feels about all that yeah, we got meadows on the tape too making some comments about that well get to that in a bit, guys lets start with snap. Hard to start anywhere else as they crush the estimates, revenue up 50. Rbc this morning says the growth looks less like a v and more look a check mark. And i saw you gave evan spiegel shoutouts on twitter last night. I had to. Doesnt have a lot of followers. Didnt bounce it back to me. Unlike there is some people who get right involved like one of my guests today. One thing i found that was spectacular was when i first started the street, we had a guy from advertising, he said, look, the holy grail is to get someone to start using colgate when theyre 16 snap augmented reality is all about reaching that age before they decide, you any, look, it is going to be old spice or going to be whatever, i dont know, churc
Who outperforms when it comes to the smallcap. Taylor we tech about the theme of the week, theme of the month. Back into gold and further out of dollar weakness. I heard you ask that really smart question about the dollar a few institutional banks trying to question that idea. That, thatr told you the dollar is for now still the reserve currency, at least in his lifetime. Big picture when we talk about flows, that will be one to watch. Romaine lets bring in linda. We are inthis market right now, at least off some of the record highs of the industry . Is this a market you want to buy and hold or do you become more of a trader in this environment . Linda i dont believe that any of us are particularly any good at being traders. It is an unprecedented time we are living in right now. We still have very high unemployment. We would like to have more belief that the virus is under control. I think powell made that comment to us as well, that the virus is going to decide much of this. Bulls on
Created 4. 8 million jobs, and that is much stronger than expected almost every single sector improved, bringing the Unemployment Rate down to 11. 1 . Isnt that the kind of news that makes people want to buy pretty much anything . Then the rally did taper off near the end of the day. The dow only dwayne e gained 92. Those are big numbers, but we got spoiled, didnt we what do these numbers mean what reflects the state of the labor market in the middle of june how does it impact your money . First, you need to understand that were still nowhere near where we are before the pandemic struck we still have a lot of ground to make up. The economy was smoking hot. I, however, think its a legitimate comeback. Its a legitimate comeback and a comeback gives you more latitude to buy stocks that depend on a healthy economy, not just an unhealthy one. But these are before the latest outbreak thats forcing many stocks to go back into lockdown mode, so its a glimpse into a post covid future that we ha
Otto libre, the amazon of Central America up on the day, reinforced bying the covid19 environment and that seems to be reinforced by reports. Scarlet taking a look at the nasdaq 100, which covers the biggest 100 companies and the nasdaq composite index, it is at a oneweek high, even though we have seen other indices limp into the close and ended the day near their session lows. We have more earnings coming out. Tmobile is the latest company to report, First Quarter etf revenuer the period, 11 million, short of what 11 billion, short of what analysts were looking for. Still awaiting peloton ,nd fox, etsy and other name Different Companies that have been to fitted that have benefited from the lockdown, along with tech. Regardless of where you look, apple, microsoft, facebook or amazon, they continue to get bid higher on the idea they will come out of this even stronger. Definitely, foursquare and paypal coming down the pike. Still with us, barbara reinhard, Asset Allocation hit at voya.