Good morning. Im jonathan capehart, opinion writer for the Washington Post and welcome to first look, Washington Post onestop shop for news and analysis on the most pressing political issues of the day. This morning we are reviewing an actionpacked week, Amy Coney Barretts nomination, the coronavirus, stimulus talks and, of course, last nights dueling banjos of town halls, one for president donald trump, the other performer Vice President joe biden, the democratic president ial nominee. To get it started to talk about all of this is the Washington Post White House Reporter ashley parker. Thanks so much for being here. Thanks for having me, jonathan. So on the town hall, these dueling debates, did the Trump Campaign achieve its t aim, scheduling the trump townhall at the same time as biden . Well, its the aim in some way was to compete with biden for airtime and overshadow biden. I think yes. Anecdotally, or people seems to be watching thetr trump townhall in real time than the joe bide
153 points, nasdaq advanced 0. 19 . Well, then look no further than the stock of tesla this is an amazing market, but its always been an amazing Challenging Market individual investors, though, are back they now make up north of 20 , some say 25 of the action and theyve weathered everything from frightened, screaming billionaires to the nastiest president ial race in living memory to a horrifying Global Pandemic theyve steeled their hearts against the lack of Covid Vaccine or even a therapeutic. They arent oblivious to the incredibly high unemployment rate, yet they havent let it change their minds about trying to make money in the stock market whats the perfect symbol of that attitude . Tesla. Not the man, not the car, not even the company but the concept. A time our country feels it doesnt have much to root for and a world that hates us. I dont remember if no, i cannot remember a time in my life when we were this hated, and i lived through the Nixon Administration now, tesla reported
12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
Over by 250 points and this morning you are seeing green arrows for the s p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5 of their 52 week highs and in fact the transports set a new alltime high yesterday too. Right now the dow futures are indicated a little down by about 61 points. Were watching a lot of things that have been happening including news with Johnson Johnson, and earnings are coming out too. And if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0. 759 . So not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i dont know whether those are fleeting or not. But supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff was strong as i t
I see london, i see france, i see you in your underpants i always hated that diddy when i was a kid but you know what . It perfectly describes todays actions. Sellers caught with their pants down tipping just. 15 . Yep, this morning investors saw london and they saw france, not to mention milan and madrid. Specifically the europeans getting hammered as covid back on the continent they figured wed import those losses from europe so they furiously sold their stocks to get out ahead of the weakness. Many of these jokers probably trading in their pajamas the feet with the dr. Dentons. Panic pretenders here dumped shares at a 10 1 ratio, meaning there were 10 shares for sale or down for every 1 share someone was trying to buy. Now the late, great mark haines, one of cnbcs finest, always used that 10 1 ratio to call bottoms, including the generational bottom that he nailed in march of 2009. When the ratio sellers to buyers is 10 1 hed say you have to hold your nose and buy because that kind