Inauguration. And then john has returned to our stage many times and we are excited to celebrate him and his fantastic book, the hardest job in the world the american presidency. It is safe to say the office of the president looks different than it did in 2009. Not only has the party in power changed but the tone of the position shifted. In his new book, the american presidency has become an almost impossible job between trying to fulfill Campaign Promises and solve every urgent crisis that arises. As he prepares how we choose our president and what we should expect from them once they are in office. His impose reporting resume includes his chief political correspondent, coanchor of cbs this morning at his current role as a 16 minute correspondent. He corresponded with the journalism gene, his pioneer in journalist. Join will be joined in conversation on the subject of the presidency. Susan page of usa today. So excited to have her here, in addition to covering 6 administrations and 10
Joe, you tell me first, whats going to be the determining factor this month for stocks i think were going to need to see some value. Were going to have to see energy and financials come around i know i am asking for a lot to see those sectors participate. To your comments at the top of the show about the month of august and the impact that it has, went back and studied the last ten years and in the last ten years, if you did go and purchase or enter the market at the low point in august, at the end of the year, in each instance, except 2018, you were rewarded for that. I would be concerned if we dont see a correction because thats the set up in 2018 we never got the august correction and we set ourselves up for a really bad fall id like to see a bit of a correction i would like to see financials and value and energy participate here i think thats going to be important but any type of correction, the history of the last decade tells you thats an opportunity to be a buyer thinking forwar
After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t
Its the late show with Stephen Colbert. Tonight honey, i quarantined the kids. Plus, stephen welcomes Neil Degrasse tyson comedian Hannah Einbinder and Community Calendar with ty burrell. Featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen hey. Hey there, friendo, nice to see you yeah. Oh, yeah. Oh, yeah aaahhh, yeah. Happy friday jon happy friday. Audience Stephen Stephen stephen. Stephen all right, there you go. Nice. Nice. Look at us together look at us together me here with all my closest friends. Welcome to the late show. Im your host, Stephen Colbert. cheers and applause it is friday the friday audience. The friday excitement. The friday electricity. You cannot fake that it has been a huge week in the democratic primary. There were some big president ial dropouts this week, including former new york mayor Michael Bloomberg, seen here hunting down the staffer who told him hed loo
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne