Jonathan ferro, and Lisa Abramowicz. Matt this is bloomberg surveillance on Bloomberg Television and radio. Im matt miller, alongside carol massar. Tom keene, jonathan ferro, and Lisa Abramowicz are off this week. Lets start off with brexit. It is truly almost done. Carol getting signed on the dotted line . The commons on the lords are voting on it today. Here in berlin, we are in the seat of the euro presidency. , andhold it until thursday ursula von der leyen is a german who runs the commission in brussels. They are about to cement a deal with xi jinping so that europe will have a closer relationship with china. The question is, is that good or bad . In the u. S. , youve got Mitch Mcconnell killing and burying Donald Trumps 2000 stimulus checks, so that is not going to the nextybe until congress. Theres a lot going on, but just not moving markets. Outside of bitcoin, you really dont see a lot of movement this morning. The boardss bring up for everyone, just so you can see where we ar
It is a i everything trade. I was just mentioning the president is avoiding a new years crisis signing a bill that averts the government shutdown. This comes after a week for the president pushing for 2000 in direct payments for americans. I understand he wants to be remembered for advocating for big checks, but the danger is he will be remembered for chaos and misery if he allows this to expire. Ishink the best thing to do assign it and then make the case for subsequent legislation. Alix nancy pelosi is staging a roll call vote today. For more, here is isaac. What was last week about . Futile delay a that got the white house no tangible victories, but it added and delayed the stimulus for a few days. It was a delay that was unnecessary. When we step act at least the bill is signed, and this is the fiscal support we have needed for months. Alix if you look at the market today, the obvious winners, american, carnival, etc. Is that justified . Are these industries really getting that muc
Was the door dash ipo, the piece that took down the whole meta manifest averages were holding up fine until we saw where door dash was headed it was priced at 102 and next opening at 182. The dow sinked 105 points. And the nasdaq plunging. Dont get me wrong, door dash is a good company i interviewed the ceo this morning. Door dash is being valued at roughly 60. A little crazy, is it . I told you not to pay more than 100 per share thats a hesitate think mobile given the competition and the lack of probability. The buyers pay 13 times sales. Seems like bad luck, does it the image of my jengatower kep dancing in my head after a remarkable borderline miraculously for the Broader Market it gets worse. Tomorrow air bnb comes public and it could be bigger than door dash we have to hope the rest of the jenga tower does not fall. Whats going on . Did they buy door dash at the opening and forcing them to sell Something Else to pay for it when the price came in higher than expected . I have to be
Painful losers. If you got big gain is a time to take profit . Should you harvest losses and beatendown stocks cannot next, is pandemic togetherness making you feel squeezed in your home . Is better to remodel or trade up for a bigger place . This year americans were given the chance to make penalty free withdrawals from their Retirement Savings what you need to consider on the barrons roundtable like colleagues beverly, jack so beverly, what a year this year we saw stock zooming higher when they benefited from the pandemic and then we saw other sectors get slammed. While we usually recommend a buy and hold approach there are some moves that investors ought to be considering this time of year, right . Spewing absolutely. As you noted, jack, 2020 has been a tale of two markets. Stocks are all almost 40 this year but its been driven mostly by big attack. Apple, amazon for instance, they are both up more than 60 weve also seen pieinthesky evaluations on pandemic stock. As he has nearly tr
Stocks ed hitting record highs bitcoin above 23,000. The rally continues to march on. Record heights in sight, scott we are up 1. 5 so far this week. 59 minutes left in trade. Coming up on todays show, the ceo of investment manager n nuveen joins us for his outlook on the market in 2021. Why he says there is a bright light ahead for investors. Plus getting in the spac game we will spi with the ceo of skilz, making its public debut today with the same bank that brought draftkings to market. Mike santoli is tracking market action. Leslie picker is following coin base which just filed for an ipo. We have information on the crackdown of robin hood. And meg tirrell is refewing the feds decision on the Moderna Vaccine. Mike santoli we gwynn with you. Seasonal good cheer, why the markets continue this slow upward leiftation. The s p. Next stop, options expiration, that stuff feeding into the slow grinding strength that we have 2, 726 or so is exactly 70 above the intraday loaf march 23rd a ni