You know what, there has been a persistent bid as we call it underneath this market for months, despite the virus and the unemployment it is a puzzle enigma. I am trying to figure out why people keep buying i had an epiphany last night i was going over preparations for my monthly club talk this time looking at it through the lens of the election, it is only 20 days away. You know what . Of the 32 stocks we own for the trust, fully twothirds of them would do better under a biden presidency that caught me by surprise we were trying to bail out the election honestly i have been under the assumption that the market may take a hit if biden wins he wants to raise Corporate Tax and Capital Gains tax and rich people pay your own stocks. Is that good policy . I dont know given biden has been getting some incredible poll numbers the last few weeks it has become a real possibility. Many of you assumes it is bad for stocks thats what i thought or at least what i thought before my big club call rev
You go to safety. Youre going to buy volatility, yields, bonds, and the dollar. 10 year yield now 75 basis quite a move from just a few days ago. Crude battered, beaten up today. Less demand for those oil prices. Guy absolutely. Lets recap where we are and what is going on. The german chancellor Angela Merkel currently meeting with heads of the german states. We are going to hear from her we think when that meeting wraps. We are probably likely to hear from her as well tomorrow morning. We are also getting Emmanuel Macron a little later on. Both countries moving toward more restrict of lockdowns. Lets get the latest. Maria tadeo joins us from brussels. Theres a lot of ideas floating around. None of this will be official until both Emmanuel Macron and Angela Merkel speak. The idea is we are moving into something that looks like a fulltime lockdown in the case of the french government, that we understand is seriously considering a onemonth lockdown that would start thursday night, going
Its 11 00 a. M. On wall street and squawk alley is live good Tuesday Morning welcome to squawk ally im Carl Quintanilla markets are seeing a fair bit of chop today as we keep pace with powells comments a few moments ago. Any progress on stimulus and, of course, the president s recovery as he returns to the white house. For that were going to turn once again to eamon javers hi again yeah, hi. What were learning this morning is that a military aide who works closely with the president has now also tested positive for the coronavirus. According to nbc news, the president within the past few minutes also issuing a new tweet saying he is going to the next president ial debate. We have that wednesday vicepresident ial debate and the president is tweeting that he is looking forward to the next president ial debate. He is cleared to travel or optimistic about the plans to travel thursday by october 15th in miami the president saying there it will be great. No word whether were going to see the
We . President trump threatened to release the full tape of his 60 minutes interview before the edited version and sunday night. He wants to show the leslie, interviewer was hostile and dismissed allegations of hunter biden as unverified. The media stacks the deck against the president. 60 minutes also interviewed joe biden. I wonder if he was asked about the emails which are being confirmed by fox that suggest china paid off the bidens with millions of dollars. So far he has not answered those questions publicly. He should because we may be electing a president under the influence of chinese money. Theres another court ruling that could they an election result in North Carolina absentee ballots may be counted 9 days after election day so long as they were mailed by november 3rd. Pennsylvania counted the count deadline by 3 days. Bottom line, if its close theyll be a delay. And if theres a delay, itll be contested and thats when things getting usually. Its time we dealt with your money
Never before has that enduring promise of protection stability and opportunity mean more important than it is today allow me to explain why. First europe must come to new to protect lives and livelihoods this is all the more important in the middle of a pandemic that shows no sign of running out of steam or intensity we know how quickly numbers can spiral out of control so we must continue to handle this fantastic pandemic with extreme care responsibility and unity in the last 6 months. Our Health Systems and workers have produced miracles every country has worked to do its best for its citizens. And europe has done more to gether than ever before. When the Member States closed borders we created green lanes for goods when more than 600000 european citizens were stranded all over the world the e. U. Brought them back home when some countries introduced export bands for critical medical goods we stopped that and ensure that critical medical goods should go where it was needed we worked