Eastern time. Take a look at the dow. The dow specifically tumbled to lows around 11 30 a. M. Eastern after House Speaker nancy pelosi said in her Weekly News Conference there will be no standalone stimulus without a broader coronavirus bill that includes money for schools to properly open and stay open. But then the dow climbed back. Actually, the nasdaq and the s p never went negative but the dow did climb back when pelosi stressed she remains open to negotiations. Our floor show traders are about to tell you how to play this moving target. Flying higher in the middle of the pandemic. While major air carriers remain stuck at the gate waiting for more stimulus money, private jet travel, affordable private jet travel, is booming. The set jet ceo is here. He will demonstrate to you exclusively how contactless Security Systems that hes just installed dont have you having to remove anything metal or even take the loose change out of your pocket. And how are they expanding routes while the
Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
[cheers and applause] zone a is the best zone. The rest of you are zone bm. Is what you are over in the you know today this morning, an asteroid the size of a school bus narrowly passed by earth. In astronomical terms, it just missed us. Which is a shame. I feel like some of you arent praying hard enough. With each passing day, it seems more and more likely that we are on the brink of something very bad. Our president made another history making Statement Last night, when asked if he would leave the white house gracefully if he doesnt win. Win, lose or draw in this election, would you commit here today for a peaceful transfer a a alof pure after the election . Well have to see what happens, as you know ive been complaining very strongly about the ballots, the ballots are a disaster. I understand that, but the people are rioting. We want to, get rid of the ballots, and well have a very peaceful, there wont be a transfer, frankly, therell be a continuation. Jimmy well, so much for that n
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t