Points or 1. 5 . So as wall street presses the sell button, a dramatic move. The struggling Hotel Industry shouting in a letter to the president to bypass pelosi and Senate Leader mitch mcconnell. One of the signers, the ceo of best western hotels, live with us on the roadmap they are hoping the president looks at and maybe follows for them. But as the markets reflect the angst over the rescue package status, you can see this with the dow intraday picture, the latest company to nab a ticket to the 2020 spacpalooza is flying high. The banking giant who now on her fourth spac will tell you why she picked the Digital Payments company to take public. Its first day of trade is today, right now. Wait until you see what its doing. But lets get to this fox business alert and breaking news. To prescott, arizona where President Trump is expected to appear at the first of two rallies today in the grand canyon state but with just 15 days to go before the election, it was his comments on the tarmac
Twopart hearing with drug company leaders. It is three hours 35 minutes. Welcome to todays hybrid hearing pursuant to House Speaker rules some members will appear in person and others will appearer remotely. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance of the house attending physician, all individuals attending this hearing and person must wear a face mask, unless you are speaking. Members whono are not wearing a face mask will not be recognize recognized. Let me also make a few reminders for these members appearing in person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking and what is known as web act as active speaker view. A timer is visible in theib room directly in front of you. For members appearing know youre all familiar with web ex by now, but let me remind you of a few points. Whether they are in person or remote song as they have their web ex set to ac
Screen is driven by not the feds comments, a little boring with the zoom box or retail sales that we got or housing numbers. But what is happening at the mornings Research Meetings all over the country today where the down gained 37 points and the s p dipped and the nasdaq lost 1. 25 . More on that later today seemed like it was dominated by the fed in the amazing snow flake ipo and as someone that helped bring the microsoft ipo to goldman sachs, i know a big deal when i see one. More on the demons the deal unleashed. We had a nice rally going today and thats about what is going on behind the scenes every morning they have a meeting where they pitch the sales force on individual stocks and entire industries as buys or holds or very rarely sells after the pandemic got rolling, almost every piece of research that came out cut numbers. For individual companies and suggested the situation would get worse. The conclusion ive never seen so many sell eric men dae eric men dae er recommendatio
Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S
Ive taken this quarantine times to update a couple of bathrooms. Not. Light bulbs i have always wanted to be handy. These numbers are expected to be insane i did change a couple of light bulbs. They are all different so finding the right one for all the Different Things my wife has, it is not easy. I have changed a couple of them but thats about it. Rising to the challenge, im sure before we get those numbers from home depot, lets start with the overall markets. The s p 500 finished the session just shy of the high just shy, we are talking 4. 15 points away from the record it is sitting at at this point. 3,386. 15 is where it closed. The record from february is 3,393. 52 the record close of 2020 up another 1 to 11,129. Looking at record futures. Two dow components reporting home depot and walmart big numbers expected from both of those dow futures up by 64, nasdaq up by 40 and s p up by 7. Dow component reported 4. 02 a share. Consensus was 3. 71. I noted revenue gain was over 23 . Com