They know nothing theyre hanging on every word from Speaker Pelosi or secretary mnuchin, watching Mitch Mcconnells body language. We need to know if cash strapped states and Small Businesses will get the help they need but the stock markets already made up its mind it doesnt matter. Thats how we can some solid action today nasdaq soaring, 1. 42 hall hey lielujah were starting to hear about huge layoffs, okay disney, smaller ones at goldman sachs. Possible avalanche of firings at the airlines these people are losing their jobses through no fault of their own, and i hope the government can get its act together to help them, because its the right thing to do. The broader economy needs a stimulus package, America Needs a stimulus package but the market, oh, man, the market doesnt see a recession it seems a secular boom in Certain Industries i know this because were starting to get earnings from defensive companies that would normally give shareholders huge windfalls. But theyre greeted wit
We have they spent here. Lets hear it for cspan. [applause] there is no better crow crowd ie washington, d. C. Metro area. All of the viewers of cspan i think are in this room right now. We love you and watching the regular viewers and we welcome everyone to cspan. But theres a couple of other things. First im going to tell you about the difference between history and destiny. This is true. I cannot believe that this is happening. But my father may he rest in peace was struck by lightning. His father, my grandfather, im not joking, was struck by lightning. That means dont stand next to me at rainstorms. [laughter] this last week i was telling my son listen, my dad was struck by lightning, his dad was struck by lightning and he was like my gosh, we could be struck by lightning. I was like we wont be but sure, you might be. This is true, my son, my family, my wife and my kids were taking a train from new york city here in washington, d. C. For this event and their train was struck by lig
History and destiny. And we all know history, its what happens, but destiny is what must happen, this is true, i cannot believe this is happening by father was struck by lightning, his father, my grandfather, im not joking was struck by lightning, that means dont stand next to me in a rainstorm. Last week i was totally my son the story and telling him, my dad was struck by lightning, his dad was struck by lightning and hes like oh my gosh, we can be struck by lightning and as he said that i make you wont be but sure, yeah you might be, this is true, my son and my family, my wife or my kids were taking the amtrak train from new york city to here to washington, d. C. To this event and the train was struck by lightning, my son texted me and he said youre not going to believe what happened tonight. Destiny, thats what were witnessing, you will see them coming in late but this is destiny, a couple of things i will say that we cant do any rows in the country, first of all where is jim, jim s
[cheering and applause]. There in the washington dc area. And viewers of cspan, we love you. And of course the regular viewers as well. We welcome everyone to cspan. But theres a couple of other things. So first i will tell you about the different between history and destiny. And we all know what this history. Its what happened. But destiny is what must happen. And its true, cant believe this is happening but my father may he rest in peace was struck by lightning. His father, my grandfather, was also struck by lightning. And the means dont stand next to me in a rainstorm. I was doing my son last week, the story and telling him, listen, my dad was struck by lightning in my is that was due. In his democrat, we can be struck by lightning. And i said you wont be but sure, you might be. This is true. My son, and my wife and my kids work taking amtrak train from new york city to washington dc for this event. In the train, was struck by lightning. My son texted me and said youre not going to
Benefits, is this the fabled v shape recovery that so many people were hoping for well, thats what the markets saying even as the average didnt do much, dow inching up 12 points, s p climbed 3. 4 , nasdaq losing 6. 4 see, thats the problem. I think were looking at a vshaped recovery, but its a vshaped recovery in the stock market and that has almost nothing to do with the vshaped recovery in the economy. Prosper when you look at the nasdaq 100, the tech heavy index that hit an alltime high today, it doesnt seem indicative of the broader jobs picture airlines and hotels and casinos put in the less bad catery, less bad a than we thought, a trend that could last people do fast gaming. It does peter out. Its musical chairs. How can the market rebound without the economy . Because the market doesnt represent the economy. It represents the future of big business the bigger the business, the more it moves the averages and that matters because this is the first recession where big business alo