Does wall street like violent confrontation . Does it somehow agree with the rioters . Stocks pulled back yesterday when the goon squad stormed the capitol but not by that much and then today they came roaring back so whats going on here . Simple its not how the market works. See its not a referendum on the most disheartening story weve seen in the capitol in years let me tell you a story. Its going to be something i build on 38 years ago, i first sat down on a professional trading desk at Goldman Sachs the market was warring, just smoking higher i was green as green could be, a real rookie. I turn around to a senior trader one who wog go on to make partner and become a Billionaire Hedge Fund manager i asked him why was the market exploding to the upside . Nothing going on nothing i saw that was good. He looked at me, saw my mo ginsburg suit with my pathetic button down collar you can only wear straight collars with french cuffs back then and turned away as if i was some sort of vagabo
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
he insulted all of his opponents. he insulted all of the moderators. he insulted i guess about 80% of the american people and the rest of the world. so how do you prepare for that? i think on the one hand it s a serious chance for americans to tune in and if they haven t made up their minds to try to make up their minds. i want to take it seriously. i want to talk about what we can do and how important it is. but you ve got to be prepared for wacky stuff that comes at you. i am drawing on my experience in elementary school. all right. good morning. it s tuesday august 23rd. welcome to morning joe along with joe, willie and me. i think donny is wearing poplin this morning. he s wearing green shoes. no, they are black. they are green. get the shoe up, it s green. they are black. the managing editor of bloomberg politics and co-host of with all due respect o msnbc. i was trying to be donny a&eesque today. apparently donny did with all due respect. eddie bla
Editor’s Note: This is the first story in a four-part series that will publish every Thursday. The natural allure of the Rocky Mountains and its plentiful outdoor recreation opportunities lured Karn Stiegelmeier to Summit County. .
the s&p sinking only .19%. the nasdaq gaining 0.04%. right now i m seeing a lot of things in this market that remind me of what this business was like when i got into it 30- odd years ago, right about the time when the great bull market began. that was the moment when individuals began to return to the market after many years of thinking it simply wasn t worth it, which, by the way, it wasn t. so what makes me believe individual investors are sneaking back in one by one, coming back to stocks? first, there is some green shoot action happening, maybe a mustard seed. it s ethereal. almost stock sage phil collins- like, as in i can feel it coming in the air tonight, oh lord, but i can t pin it down. it s when your friends stop you at a party and say boy, oh, boy, i have seen a ton of trucks lately on interstate 28, many more than i have seen in the last couple of years. a source in the intracoastal waterway in florida says the number of brand-new yachts has exploded like 30 time