Child for antitrust how it could become the post posterchild for a market pullback time to risk less. Theres a growing sector of the bank any time theres a growing activity in the banking seccer it to could be time to take a breath carter thats right, with the bump up in rates, regional banks have come back to life in a big way theres been m a in the Asset Management space so were going to look at some of these areas of the market in relation to the republican and zero in on blackrock the first chart you have three lines even though it looks like two. The top line is the s p. The threeyear chart, s p up 38 . The two other lines are tightical and two separate Industry Groups in the s p the first is s p 500 investment banks and brokers, thats goldman sachs, Morgan Stanley and others and the other is s p 500 Asset Managers and trust banks, things like t. Rowe, blackrock, invesco, state street and so forth imagine on a threeyear basis having no gains. Look at a chart since the financial cr
Election. Well get the latest from Trump Campaign attorney jenna ellis. Joe biden set to unveil a plan for the economy. Will it include canceling debt, more lockdowns . What about the green agenda items . Well have a live report from wilmington coming right up. That and so much more on making money. Charles another strong session for the stock market, folks and the underlying force is really optimism. Wall street breathed a sigh of relief when the blue wave did materialize and the assumption that the gop holds the senate. The vaccine news allowed investors looked beyond the dark winter to a springtime of renewal that begins sort of in march well see normalcy built into the market right now. The notion was reinforced on moderna, they have a vaccines 95 more effective than pfizers. As a result of the burst of optimism, weve seen money pouring into equity funds by the way is a rare occurrence, particularly domestic funds. Individual investor bullishness surged and were greeted now with bi
Chances of a compromise look slim. And trump says he will leave the wine house if joe bidens is confirmed by the Electoral College but says he may never concede. Good morning to you. Happy day after thanksgiving, it is black friday. We are seeing different sentiments. We saw Global Equities gain but sentiment is subdued. S p 500 futures flat. America comes back online after thanksgiving. We see money moving into the treasury markets down more than three basis. Money moving into havens like the yen. Up against most major peers. Wti taking a leg lower. 44 in that handle. Outputama going into the production meeting monday. Iraq, uae, they do not want to resume sales. Potentially drama. I want to show you the fantastic chart on the terminal if we can switch up the boards. Global stocks, even though they market, theyin the are on track for the best on record, up 13 . Best month on record since we have been tracking the data since 1990. We are seeing exuberance in the Global Equity market bu
Low. G20 leaders call for equitable access to Covid Vaccines and commit to supporting the economy with host saudi arabia handling the stimulus measures taken by governments so far we injected over 11 trillion into the Global Economy to support businesses and protect individuals livelihoods this is an unprecedented g20 economic stimulus. And president elect joe biden prepares to name his cabinet picks tomorrow with nbc learning veteran diplomat Anthony Blinken is the frontrunner for secretary of state. Well, good morning, everybody and welcome to street signs. We have some big news for this monday morning yet another breakthrough when it comes to vaccines. Its been the third monday in a row that we get some big news on that front and today the results from astrazeneca and oxford yet again proved to be positive showing efficacy rate of up to 90 thats giving a boost to market sentiment. Theres a lot of green on the board. Yet some more positive data coming out on the vaccination space and
Every sector finished in the green except for energy. Yields pushed higher so is the market giving an all clear when it comes to getting some Election Night clarity . What do you say . All clear, definitely not i think a lot of people are trying to gauge what basically the last week and a half ment. Half of that move last week we got back over the last couple trading days i will tell you flat out i have no idea. I can make a case for both candidates based on the sector maybe the president will be reelected but the counter is maybe the bond move helped and the crude went higher, perhaps that is suggestive of biden winning. If you have a candidate either one with a concession speak tonight or in the wee hours of the morning when you are on melissa lee, that will take what it closed at today down to the high 20s if thats the case, i think you buy the vix once again do you think the markets are saying anything about the election maybe not who will win, but the fact we might have a winner s