Teach, put in context. Call me 1800743cnbc or tweet me jim cramer the market cooled off today. The dow sliding 67 points. Nasdaq advancing. 04 . Come on, lets face it all eyes are on next week. When we come in on monday, well know who won the election. How do you respond simple you should do nothing. Why . Because it looks like once again that we are going to have divided governments. With divided government, there is not a lot the president can do biden may be aggressive about protecting the environment or fighting covid19,less questions on cracking down china he got all these different departments that can make rulings. I wish i can Say Something simplest simplest simplestic sell your trump stocks sure trump is friendly to fossil fuels. Other than chevron and pioneer, the whole Group Remains investable biden cannot hold all of it back on the other hand, a bidens is t presidency may make nicer on china. This is mad money, not mad trade policy. So we have to factor in what it would mea
There say couple of people in some room in pennsylvania, i dont know who they are, i dont know if theyre working yet, maybe not up yet, maybe working 9 00 to 5 00, i dont know who are going to determine what matters the most, i can put a price multiple on bristolmyers better than anybody in the world unless you tell me there is a big sweep or something that is going to happen. You know when you deal with a lot of the companies were looking at, the price sharing multiple will be decided by the notch up or down by the president ial election. I think you dont think over the last two yesterdays trading session, potentially what were going to see today, the market is already making a decision in terms of who it thinks the president is going to be and what the composition of senate is going to be. Yes, it is. Youre talking about workers in rooms as though theyre make the decision, the decisions have been made, theyre simply doing an envelope, taking a ballot out and putting it in a pile so i
In line. All about antibodies. Astrazeneca strikes a deal with the u. S. Government and do downplays President Trumps treatment saying large studies are ongoing. A lot of earnings in the week ahead Bank Earnings first. Apples big phone launch and amazon prime day and the retail impact from that and what it is actually going to mean for the stocks that you own. Carl jim, this morning i heard you talking with andrew a moment ago. Growing sense is we keep an eye on stimulus talks that maybe the market really has focused on the front burner more talk about antibodies and were going to hear what len told cbs in a few minutes. If you didnt know, carl, and you read the research this morning its almost like they got in a room and they said you recommend facebook and you talk about amazon and its your job to talk about alphabet its a concerted effort not a National Conspiracy but a concerted effort to take up every one of those whether it be amazon prime and the big 5g day for apple. But you ta
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
Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track