Stocks stumbled out of gate. This is blowoff of november to remember. Reversal that may have been sparked by record homebuilder sent meant. Some think the market is too optimistic and toppy. They say it has gone full bull. Is it time to buy or sell. Of course those ceos of facebook and twitter, they are more contrite this time around in latest capitol hill hearing. Republicans and Democratic Senators are both admonishing them for abuse of power. Well continue with a life report, get reaction from tennessee senator Marsha Blackburn. All that and so much more on making money. Charles a little bit after trap door as the market opens for trading today. The s p 500 now though, remember yesterday hit new alltime highs. So the selling really is natural considering that it has been 12 trading days in november where the s p is up almost 11 . The dow is up more than 13 . In fact there is sort of a growing feeling the market is ahead of itself. That is the conclusion which bank of america in its
We will begin, though, this morning with of course stocks, futures indicate an additional testing of that 3220 level on the s p. Were also talking about the possibility, however remote it might seem, of a relief package coming out of congress,given some conversation, jim, between secretary mnuchin and Speaker Pelosi do you think there is a chance i know that they both care passionately about Small Business if you look at the testimony yesterday by secretary mnuchin, he mentioned restaurants a couple of times. Thats where the yelp numbers that we get, yelp yikes is our vc, where the real damage s youre starting to talk about 50 of the bars and nightlife being closed in this country, thats way too big and i think that the secretary is really alluding to that david, do i think there will be a deal i think there is a sense that both sides feel a deal is bad for them, in other words, if they give if theres a stalemate, they will somehow do better at the election i dont think thats true, but
Host. I remember when i was an adolescent, his parody on snl and how funny it was, and how gracious he was with the impressions of him, and, you know, hes one of those people like dick clark where its just, like, theres a person who consumes American Culture whos beloved by all sides and a natural entertainer. Yeah. I think i dont mean to sound hokey, but they dont make people like this on television anymore. Just this beloved icon that everybody wants to watch and is endlessly entertaining. He clocked 17,000 hours on Live Television as you said, holds the guinness book of world records. Im very, very sad. When i read it and i got the news, i just, like, stopped. Another one of these people that again, america loves and its just a very its very, very sad news and i didnt realize he was even ill. So just my condolences to his family as well, but he will be beloved and remembered forever. Yeah. This is, you know, this is the way i believe he wanted to be remembered, as a really good man,
And then the counter intuitive ones that took us all by surprise the dow did 205 and nasdaq lost 1. 27 . Its important to go over the companies that shocked this year with the outperformance and those that continue to shock want obvious winners are, well, obvious. People are hanging out at facebook as theyre ordering from amazon, search on google. And it didnt take a chance to figure out that the shut down would force people to use the internet if i werent jimmy chill in real life, i would be jealous of the titans even though the ceos are about to be drawn in court on the house judiciary subcommittee im torn because the Big Tech Companies their platforms arguably have too much market power. No kidding they got it by being good at what they do thats captaitalism. Theyve done better job responding to the pandemic than the government but forget the obvious covid winners. I want to talk about the big surprise the things people are doing when you cant go to the movies or ball game or ship y
Theres a group of people called the aymara who have lived for time immemorial in what is now peru in theandes. And they are, its a tough life wherethey live and the part of the reason is that not a lot grows their. One of the things that does grow there is potatoes. But these are notyour Grocery Store potatoes. These are small, wild andtoxic potatoes. Toxic in the sense that not theyre going to kill you but they will make you vomit, give you diarrhea. Basically make you never want to eat another potato as long as you live. And you cant just boil them. That will destroy the toxins. And they are not environmental contaminants. The toxins are made by the potatoes themselves. Why would a potato or any other plant make a poison . Basically to protect itself. The potato is the plants Energy Storage thing. And it doesnt want humans or any other animals digging up its Energy Stores and eating them makes them toxic to protect itself they are the potato plants batteries. They are stealing the po