Arizona for First Time Since 1996 and thats where we will begin this morning as the president continues his legal challenges today. President elect biden winning the state of arizona, thats according to nbc news decision desk overnight further cementing his victory in last weeks election biden now holds 290 electoral votes, to trumps 217. Georgia and North Carolina are the ones that are still too close to call, jim but if you put those two together, even flipping those for the president would not be enough yeah, look, carl, this matters tremendously there was a lot of uncertainty in the last four days that perhaps the president wouldnt leave the white house, the legal challenges would go on forever, december 13th would come, 14th is the last day, and there would be no concession about the electoral college. And this kind of makes it so that it is less likely, plus the attack on fox, believe it or not, made people realize maybe there is a second life, maybe a station that will be owned
Is its been a broadening out. Now, the question is is there enough money to go around to buy 3m today and also buy lets just use lets just pick nvidia, okay and the answer is thats to be determined there is a lot of newer money coming into the market, we will be talking about splits later today and the nature of the alchemy of it all but the thing that im most excited about, david, is there are industrials doing better than expected we have to stay focused on that because when we think about 3m making a come back, think about where they were and that is the you know, that is the and theyre having some good numbers this morning, thats what stood out to me and it makes me think nat industrial leg must be included in any portfolio. Its only up 2 are you kidding me youre referencing yeah, thats the stock youre referencing 3m. We should just tell people theyre giving us Monthly Sales numbers, july was up i think 6 year over year, 2. 8 billion, organic local currency sales up 3 because dont
Whatsoever theyre pure slight of hand. Do i have more pencil . Stocks are also exactly what we need to help keep this market moving higher like we did today with the dow gaining 290, s p jumping and the nasdaq 2. 13 because apple and tesla gave you fantastic news about what it should be a 4 for 1 and 5 for 1 stock split respectively again, no new value but boy, do people love it theres a reason we have to feed the bull with more nourishing stock blitz and ill tell you why. Years ago individual investors deserted the stock market with the implosion of 2000, 2001 and financial crisis of 2007, 2009 they gave up on the asset class and started tiptoeing back, looked enticing and something would go wrong 2015 mini crashes. But in the past few years, beaten down individual investors, a lot of younger investors intrigued by low to no commissions. Finally started buying stocks again. Despite all the gray beards telling you its impossible to beat the market, despite the supposedly brilliant Mone
Bad. Say again . Theres reversal in some of them. Yeah, little change lets call it. Volumes still up, 80 above the threemonth average by the way. Global fixed income had a bit of a rally also. Speaking of fixed income, lets look at the 10year. There you see it, 2. 246. Crude is up. Yesterday too, wasnt it . Yeah, i mean, again people hope that the end of november theyll be some sort of cutbacks. It all just seems very chimerical, but it will say this. Traders get short and get between 42 and 43 and get crushed over and over again by the opening. Right. Lets get to the road map this morning. Of course it starts with janet yellen on the hill testifying on the health of the u. S. Economy and the timing for a rate hike. Plus donald trump taking some interesting meetings in new york today. Shinzo abe going to find his way to trump tower, we believe. A handful of ceos as well. And well have an update on the transition effort. Walmart out with results, sales were not quite where the company h
Times and was justifiably under protection. President obama is promising france any help that they need for the investigation. These were cowardly and evil attacks today. Reinforcing once again why it is so important for us. No immediate claim of responsibility, the gunman reportedly sang islamic sayings during the shooting. Every religion has been repeatedly threatened for the paper had been repeatedly threatened fords drawings of the prophet, mohammed. Angela merkel and of the German Parliament were both knocked offline by a prorussian Hacking Group coming just as the Prime Minister of the ukraine visits germany today. The u. S. Director of national intelligence, james clapper, calls a hacking of Sony Pictures the most serious cyber attack ever launched against america. The Reconnaissance Bureau supervised the hacking, and they may not be done, they could be finding similar strikes. He also said they land the attack so quickly in the hopes of deterring kim jongun. Monster suing htc a