Moo its biden versus trump trump stock, trump stock. Both of which are going in surprising directions. If you you thought the election is over, the president is trying to do an end run around the results and fighting tooth to nail today the dow lost 222 point [ screaming the s p 500 declined points at 8 . Nasdaq dipped 2. 2 hey. I know it didnt feel like it was so bad but if you were in the nasdaq except for a couple of names, wow. They crushed it. Why dont we start there with next weeks game olympian . On monday morning we are coming in and, sadly, im betting we pass the 200,000 mark. Thats right 200 thousa,000 thousand cases an the virus is hurting business. If not monday, tuesday, wednesday, a question of when, not if i know there is a sense that we have had a big vshaped recovery which is terrific. But our inability to stop the spread is putting a crimp on business orders and retail sales. Just yesterday, work day, reported a solid quarter we have the coceos on the show but they me
Crucial moment in American History . We will ask a facebook early investor, as we kick off our electioneering series, where Technology Makes democracy. Preipof airbnb has plans to benefit investors. What could be the largest listing in the u. S. Of the year. I want to get you todays selloff. The vix index up a whopping 18 . Abigail doolittle in new york. Sentiment seems to be souring as we get closer to the election and cases pick up. What was driving the volatility today . Abigail many factors at work today, and you are right, there was a lot of volatility. The complacency that we felt like we had four, lets call it a few weeks, although it has been broken with the vix daca above 30. One of the drivers in the european session, the s p, a german enterprise suffer company down not just for the rest of these are but the first half of 2021, saying it will eat into their demands, that calls into question the overall i. T. Are we going to go into a period with the competitors to sap, and or
Describes as a hoch is all too real. He greg gutten berg joined or Rachel Maddow last night. If she wants to keep referring to me as a liberal mob, have it it. Im a dad. I remember a day in this country not long ago where two parties maybe disagreed on policy and they would argue things out, but they didnt disagree on facts. They didnt disagree on working for the American People. This party today gave up on that. It is shocking. So if they want to keep her around, if they want to continue to give her this platform, it only hurts the bigger party. What this means, 199 republicans care more about the qanon vote than victims of mass School Shootings. Today Marjorie Taylor greene stated as much, declaring the Party Takeover officially complete, as if that wasnt already clear, telling reporters explicitly, quote the party is his, Donald Trumps. It doesnt belong to anyone else. That statementunder scores the warnings from republican senator ben sasse last night in a too little too late Scree
1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
Gold going back higher as the dollar is lower. Some of the trends we have seen more in place recently are still in place today. Investors are waiting. David we will also get some q2 gdp numbers. I will ask you about gold because it was a big story yesterday. But i have to tie into the dollar. What is the dollar doing . Abigail the dollar is down. The dollar index itself is about flat. The difference is in the euro weighting. The trend on the euro has been down but so much so that we have Goldman Sachs saying perhaps it will lose its status as a reserve currency. In the past, sometimes it is a signal it could be stabilization or a move to the higher. That is supported by the technicals. Relative to the fed tomorrow, will they give any policy move . Very unlikely. They did extend their emergency loans, so that is probably the bigger news. The 10 year yield at this point has basically been flatlining since march. If anything, it appears its bias may be to the upside. That could support th