Welcome to The Beat, im ari melber. But we begin with Breaking News in politics. Former republican Vice President and Defense Secretary Dick cheney is backing Kamala Harris. That marks one of her most high Ranking Republican endorsements in this campaign probably the most iconic. Dick cheney is an Arch Conservative Hawk and a gop icon, a fixture running republican administrations as chief of Staff And War policy as Defense Sect and Vice President and during 9 11 and the wars in afghanistan and iraq. Those were stints that made him a Fire Brand Folk hero on the right and loathed by most prominent washington democrats. And indeed this news right now tonight would have been unheard ever 10 or 15 years ago and cheney is far from a never trumper. He endorsed Donald Trump in 2018. This also completes the Cheney Family unusual evolution and it did not come during the actual four years of trumps presidency, his governing priorities and his mistakes, it came over whether were a democracy or a C
19,000, but is the best still yet to come . Proceed with caution. Soundingone analyst alarms over sky valuations. Lets get to those evaluations. We start back with all u. S. Markets. Big day on wall street. The dow topic 30,000 for the first time. The s p 500 index also jumping to a record. Russell 2000 also. Abigail this reopening reflation trade back on, bringing record highs and big round numbers. Lots of euphoria over the market looking toward the second half of next year. It was like and everything rally for different stocks. Tonically, the only index sit out was the biotech index, theuse ironically it is vaccine and medicine people are so excited for smallcap banks up 5. 3 . Yesterday, apple was kind of precarious. Technically crossing some downside levels, but not so much today. Relative to the real reopening, some cruise lines, airlines sharply higher on hopes that once the vaccine gets circulated into the world, people will be traveling again and also gambling at the resorts.
Proceed with caution. At least one analyst sounding alarms over skyhigh valuations. Lets get to those valuations. We start back with all u. S. Markets. Big day on wall street. The dow topping 30,000 for the first time. The s p 500 index also jumping to a record. The russell 2000 also. Abigail this reopening reflation trade back on, bringing record highs and big round numbers. Lots of euphoria over the market looking toward the second half of next year. It was like an everything rally for different stocks. Ironically, the only index to sit out was the biotech index, because ironically it is the vaccine and medicine people are so excited for smallcap banks up 5. 3 . Yesterday, apple was kind of precarious. Technically crossing some downside levels, but not so much today. Relative to the real reopening, some cruise lines, airlines sharply higher on hopes that once the vaccine gets circulated into the world, people will be traveling again and also gambling at the resorts. These are some of
A new very very well. How far has spread through the white house and congress more positive tests raised concerns about an event suspected of being the supersport or. The fight for intensifies with both sides by john and the media accused of targeting civilians. And taking a step towards peace in sudans government and armed groups signed a deal but some groups shunned the agreement. Statement of the l. A. Lakers close in on the n. B. A. Championship and all that latex comes to kenya with one of the 1st major sporting events in africa since the outbreak of the coronavirus pandemic. Its just gone 11 am on the u. S. East coast where donald trump is in hospital receiving experimental treatment for covert 90 his physician is about to give an update on the president s condition from the Walter Reed National military Medical Center thats in maryland you can see the podium there empty at the moment were waiting for him to arrive well go to that just as soon as he does trump had been suffering
I think you need about 25 points to get back to the previous record that was set, were about 25. 68 points below it. The s p futures indicated up by 21 s p has now been on a sevenday winning streak, and youre looking at the longest winning streak its seen since april of 2019 nasdaq was down yesterday, but it is indicated up by close to 60 points this morning the dow was up by over 350 points yesterday to kick off the week treasury market this morning, right now youre looking at the tenyear yielding right about where it has been. 0. 599 that yields a little higher than we have been sitting. Brian, this news about putin and this potential vaccine is huge, but i think we do need to take it with a grain of salt. Youve been all over this already this morning. Well, trying to make sense of it, becky. Good morning as well you have what you think are the markets sort of key points, right . Trillions of dollars in stimulus, potential for payroll tax cuts, all the market themes weve been talking