Market, they see the s p going up another 8 by year in based on vaccine optimism, apple is helping the dow and the overall market as well, david big reveal of new products including a new watch, the stock premarket is up three box, better than 2. 5 , we have ray wang back on the show he sees apple going to 150, it is now 118. Im going to show you amazon, the Accounting Firm deloitte expects on explosive 25 35 gain in online sales this holiday season, amazon is up 37. Seven weeks exactly to the election, heres the Campaign Schedule today, joe biden gets out of his house, theres a headline, heads to florida to address the hispanic vote, Top Democrats are worried that hes been playing it too safe, Bernie Sanders wants him to harden up his message and apparently he is listening, on monday called the president a climate arsonist, strong staff, who is writing his teleprompter, is he in control of his campaign . We will ask, big event at the white house. The president witnesses the signing of
Of months ago, but also smaller than what republicans had put forward which was closer to 1 trillion back in july. It includes cuts to the cares act to offset mcconnells goal to coalesce the senate and republican conference. It seems like you will get that. Host when it comes to the justification of the small figure, go a little bit deeper into the majority leaders thinking. Guest a lot of republicans have been concerned about the spending already taken place. Plus other trillion funding packages. A lot of that has not even been sent out yet. It remains in the treasury or in the holding of the fed. A lot of republicans have said, let us wait until that is spent first. This particular bill republicans put forward would fill the gap. Ofwould allow another draw the Paycheck Protection Program for instance. Host for the people at home who assistanceed an assistantshi check, what does this do for getting money in their hands . Guest it does not include any direct checks like with the cares
Emergency Small Business fund, 75 billion for hospitals. The democrats claim its their victory and already, senator schumer is planning another 150 billion package, this one for local governments. Is all this enough . In my opinion, not if we dont get back to work soon. We have to open up the economy to avoid economic disaster. Elsewhere, the president says he will sign an executive order today suspending green card issuing for 60 days. This does not apply to guest workers or agricultural workers. To the markets. After two days of sharp declines, weve got an uptick. The dow looks like it will open with a gain of close to 400 points. That is 1. 7 . S p up 1. 8 . Nasdaq up 1. 6 . Green arrows across the screen. There are some standout stocks. Netflix nearly 16 million new subscribers. Their outlook, though, is cautious. We will get into that. The stocks down eight bucks, 1. 8 . Look at chipotle, doubling their online orders in the month of march. Chipotle is clearly a lockdown winner and
President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat
The economic problem is much more on the fiscal side. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. An all of the above strategy. It is critically important we do that. Dont bicker and argue about doing payroll taxes or paid family leave, do them all. This is what the market needs to see, fiscal policy makers starting to panic. Markets stop panicking when policymakers start panicking. And starting to appreciate the urgency of the situation. It took until the last few days for that to happen. Here we are now. Jonathan what a week its been. Joining me around the table, collin martin, gregory staples, and michael buchanon. Michael, i want to begin with you. The Silver Lining at the end of a brutal week for many of you out there, i know. Finally, do you start to see the policymaker panic, and should that be were the markets stop panicking . Michael i think thats a real good point. We knew fiscal policy was coming our way, we knew Monetary Policy was