The 27,700 level. Remember, it was 18,000 on march 23rd. The s p, what, nearly 3400. New alltime high. The nasdaq well over the 11,000 mark. Who would have thought of that. Add it all up and yes, we are now in a brand new bull market. Heres another reason for the rally. Terrific performance from major retailers, target, out today with a blowout report. Online sales nearly tripled. It was targets best overall growth rate ever. That stock is going straight up. Add this to the numbers from walmart, home depot and its clear the major retailers won big by staying open in the lockdown. Really, though, kind of tough on the smaller operators. Got to get to it. The convention, boring in my judgment. Tv ratings way down. Wheres the excitement . Everything is on tape and the whole thing lacks the spontaneity of a live crowd. The performance of the old guard, bill clinton, john kerry and a grim chuck schumer. The bright spot was aocs oneminute appearance. She nominated Bernie Sanders. The democrat
And joe santoli. Joe and andrew are off today with the storm and everything going on, thank you for being here it was one nasty storm. It did a number when you think about businesses dealing with a lack of power, it is like the plague coming down well start this morning with the markets. Nasdaq with the fifth straight positive day up 22 for the year to date. Pretty good day for the dow and s p. S p indicated up close to 20 points the dow up close to 200 points and the nasdaq up as well. The treasury story has been incredible yesterday, the 10year note at a record low this morning, the yield is at. 526 it seems the context is the same, which is the dollar weaker you see that downward pressure foreign treasuries can buy our equity yield we have bond yields below inflation. That means huge tech stocks that means gold and bonds b. What are the implications for this market and the companion market corporate wise, you have earnings better than give uptype forecast analysts could have a good
Last. Its monday, december 2nd, 2019. Heres todays eye opener, your world in 90 seconds. Reporter millions of people trying to get back to work after the Holiday Weekend are going to be facing a big challenge. Reporter are you prepare order for all of this . No reporter deadly Winter Weather threatens millions. It is really crazy out here. Go on come on. It was all like compacted ice and chunky like driving down a dirt road. Reporter the federal Aviation Administration is investigating a plane crash in south dakota that left nine people dead. Reporter the white house declared tell not participate in the first impeachment hearings before the House Judiciary Committee this week. This is a complete American Waste of time right here. Reporter ten people were shot and wounded near the Popular French quarter in new orleans. We are actively investigating this right now, this very moment. Were recovering any witness footage. Reporter 21 dead in mexico. Miles away from the border with texas. Al
The president ripping into the ecb chief for pushing down the euro, saying it is unfair to the u. S. And as you just heard, beyond meats incredible run continues. Shares surging once again. Now up close to 700 since its debut. Facebook is up in the premarket after launching a new cryptocurrency called libra. The move is designed to expand the companys presence in ecommerce and Global Payments also creating a regulated subsidiary called colibra which will roll out a Crypto Wallet based on the libra currency. Earlier, we spoke about the differences between libra and bitcoin. If you want to compare libra with traditional cryptocurrencies, the first big difference is that typically cryptocurrencies have investment vehicles or, you know, Investment Assets rather than being great medium of exchange and this is really designed from the ground up to be a great medium of exchange, very high quality form of digital money that you can use for everyday payments and cross border payments, microtran
Turns to New Hampshire. Nearly all the candidates are scheduled to be in the state today after catching an overnight flight from iowa. Here is a look at last nights caucus. Democrat Bernie Sanders was already rallying supporters in new hampshirirbefore the sun came up this morning. He is predicting a big win thereafter what he calls, a drop in iowa. In New Hampshire, we will us down to the world again. Democrats and i was split the vote the nearly 50 50 between sanders and Hillary Clinton. Victory. I stand here tonight breathing a big sigh of relief. Thank you, iowa. On cbs this morning, bob schaffer says the results show Clintons Campaign has problems. Bernie sanders, a devout socialist, who never saw office as a democrat, gave her a real run. On the republican side, ted cruz won with 28 of the vote. It is the third place finisher he was getting a lot of attention. Marco rubio greeted voters in New Hampshire after finishing one point behind donald trump. We need to beat Hillary Clinto