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Increase you dont have to sell your stocks to beat some kind of Capital Gains rate that is quo going to be punitive for rich people im not saying it is solely business as usual. But i am saying that if you own tech stocks, which a lot of people do, there is nothing to keep the stocks from going higher remarkable night, pollsters seem to think there would be this blue wave that got avoided if anything, there is, i think, a recognition that whatever the heck we had before election day seems to be the same after so, david, you know, i feel kind of business as usual for us. Well, it is, carl, not business as usual this morning as you say as the votes continue to be counted in important battleground states. Three you mentioned. Want to add georgia in there, potentially North Carolina, still those early votes, carl, being counted and tabulated and were paying close attention we are, ....
And tech is staging a comeback, or at least it was, after yesterdays big losses well off the highs. Another brutal day of nikola the first sell rating on wall street and colorados governor warning of a potential wave of Coronavirus Infections the governor will join us with the new measures he is taking to try to stop the spread first up, lets focus on the big stories were watching one hour left of trade we have the latest on the stimulus stalemate in washington a half hearted bounce this morning. It seems like the dip buyers they keep drawing new lines in the sand as they back up and this morning the s p 500 futures got down to 3200 almost right to the tick we did bounce off there and then we have the post 2 00 p. M. Eastern time selling again a little Risk Reduction where people are not quite sure if if the footing is there for a strong close this down trend develope ....
Our hoist machine is located overhead, and this is a traction machine, so it is an evolution beyond the winding from elevator. This is the drive ship. This is the gear box, and this is original from 1913. It is a heavyduty design that we really do not see any more today. That is probably part of the reason why this elevator has already lasted close to 100 years. This is the break for the voice machine teh brake. We have the original controller here. Fortunately, the power is turned off. This room was built in 1913, but the National Elevator cut actually was not introduced until 1921. Tell us about this antique controller. What makes it different from a modern controller . The elevator is running on the original d. C. Power. Really simple in operation. Does not include a lot of the features we would have in an elevator today, Automatic Door operation, dispatching, push butt ....
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here the ....
He was working on federal issues. And time when fiscal policy the interaction is critical, it is hard to argue we would have anyone better than jay powell. Thank you for coming back to the peterson institute, chairman powell. Thank you very much, adam. It is great to be back. I have some brief remarks and then i will look forward to our discussion. The coronavirus has left a devastating humid and economic toll in its wake. It has spread around the globe. This is a Worldwide Public Health crisis and Health Care Workers have been first responders, showing courage and determination and earning our lasting gratitude. So have the legions of other essential workers that have put themselves at risk every day on our behalf. As a nation, we have temporarily withdrawn from any economic and social activity to help slow the spread of the virus. Some sectors of the economy h ....