Energy stocks and financials are leading the overall market, while safe havens outperform well discuss the impact on the coyne vines. Dr. Anthony fauci will join us he is part of President Trumps task force on fighting the virus. Steve weiss is join joinin for the hour. What do you. I think the market should take it in stride. Weve had other Companies Come out and talk about the virus they make chips that go into handsets in china and primarily asia, also tmobile here they had they were lowering their forecast youve had other come out. And ive talked about it on the Halftime Report but we all spoke to micro, but in it continues, invariably it would continue in my view you take opportunities to get further invested if youre underinvested in certain names, because its a one or twoquarter phenomenon. It wont impact what i view as the supercycle in invests particularly in semis. So what the market is pretty much ignoring today are what a lot of people ignoring, the test it is companies, su
Which means that many taxpayers right now are rushing to make sure they take advantage of any deductions they have today but will lose next week. To take us through how it all will work, we welcome now laura davison. Welcome back to the program. On the individual side, there are reports, and i must say, im in new York Resident and im looking at it how you can pay some of your taxes next year because you lose the deduction next year. Laura what the new law does is that it limits the state local taxes that you can do. To 10,000. If you live in an expensive state like new york where you have a property tax bill and your state income tax bill could exceed 20,000 or 30,000, if you prepay those now in states that are allowing you to do that, you can get that full deduction and tax break. Thats why you saw Governor Cuomo say you can prepay that. Take a bigger deduction. This is really democrats that are leading some of these states and kind of sticking it to congressional republicans, saying
[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
This is Al Jazeera America live from new york and im john that it is betts with a quick look at todays top stories. The body of Nelson Mandela has been returned to his boyhood home in can you qunu, south africa. His funeral and burial takes place tomorrow. Much more news in an hour. Those are the headlines. Ill be back at 8 00 p. M. With more. Real money with ali velshi is next. Coming up on real money, if youre considering a new job, well explain why now is the time to make your move. Wall street bonuses and the new rules meant to protect the rest of us on main street. What you dont know about Social Security could cost you. There are hidden benefits worth tens of thousands of dollars that you probably didnt even know about until now. Im David Shuster in for ali vels velshi, and this is real money. This is real money, and youre the most important part of the show. Join our live conversation the next halfhour on twitter. We learn this money that americas jobs outlook could be headed to
We learn this money that americas jobs outlook could be headed towards a big jolt. Thats according to the latest job openings and Labor Turnover or jolt report put out by the labor department. It counted 3. 9 million job openings in october. Thats a 7. 7 jump compared to the same month last year. Its the largest number of jobs advertised in more than five years. This suggests that u. S. Employers after years of caution are finally in a mood to expand. Relatedly there are more signs of healthy churning in americas labor market. The number of job turnovers rose to 4. 2 million in october, a 4. 2 gain from the previous year. That includes an increase in the number of people voluntarily leaving their jobs to seek out better prospects elsewhere. More hiring, more opening and more people quitting the current position adds up to a dynamic job market. We received the overall job numbers last week for the month of november, and those overall numbers showed the Unemployment Rate falling to 7 , t