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Oil, 41. 40 we talked for a long time about mike pences hawkish speech on china from a year or two ago but pompeo yesterday oneupped that and this consulate news from china is weighing on sentiment too. Yeah, he upped the ante jim did focus us at the time on Vice President pences speech because it was quite truck lant would be a word to describe it at the time but it continues to go up in terms of the tensions, carl weve talked about it pretty much every day, whether its a backandforth over huawei, whether it has to do with conversations about closing down the app tiktok in the United States, whether it is the closing of consulates here and the response from the chinese. This is not going in a direction that many, who at least are invested in the idea of global trade, certainly, mike, would wanting to see. For sure. On the one hand the market is not necessarily overly focused ....
Debates backtoschool, voters are not allowed to see or hear him say those words. Almost immune. We have a lot more on this, believe me. Lets get straight to your money. An economic indicator, here it is, 1. 19 million new jobless claims. That is the lowest number since the economy tanked. It is very good news for the recovery. The trend in new claims is flat out down. The dow industrials taking a little heart from that. We were lower, now were going to be up maybe 30 odd points. Not much of a gain. Theres a lot of green on the lefthand side of the screen. The market story is the march to new highs. The techheavy nasdaq already hit several records this week. The dow is at the 27,000 level. Thats up 8,000 points in four months. Theres a lot of very positive news in the background. Positive vaccine news. That helped. Dr. Fauci says well have tens of millions of doses of the vaccine available early next year. Heres another plus. If congress doesnt come up with a virus relief package, the p ....
Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a loo ....