The last hour after fed chair Jerome Powell and treasury secretary Steven Mnuchin did the same in a hearing before congress. It comes as the cdc panel is meeting right now at this very moment to decide exactly who will be the top priority to get the first doses of the coronavirus vaccine. And then who gets to be in the levels after that. We are going to get you a live report. And one russell 2000 company is making a huge transformation from an Artificial Intelligence chatbot giant to the bank of the future. The ceo of live person introduces us to bella, the banker with a twist. Youve got to hear this. If cryptos are too cryptic for you, you are missing out on the bitcoin boom. The ceo and cofounder of chainalysis is here to explain how he makes Bitcoin Investment secure for everyone from wall street whales to the u. S. Government and irs. You got to meet this company. We are t minus 58 minutes from the cdc voting on just who should get the first batch of covid19 vaccines. The belief is
Trillions from washington, more printing by the fed, that is a shot in the arm for stocks. Look at this, the dow industrial is going up maybe 300 points plus at the opening bill. The s p up 33, nasdaq up close to 100 points. Investors are really shrugging off the new round of stay at home and lockdown orders. And restrictions, were new ones in new jersey, ohio and california. And, yes, another case of lawmaker hypocrisy. L. A. County supervisor sheila are cool voted to ban Outdoor Dining at restaurants and then promptly went out for an outdoor meal at her favorite restaurant in santa monica. Youd think theyd learn, wouldnt you . Weve got a big show for you. Were going to introuse you to monetary introduce you to monetary theory. You dont pay for anything. Youll meet the man who declared an autonomous zone around his bar. Now, that is defiance. And youll meet the california guy who is flipping burgers on the sidewalk because they shut his restaurant down. And today, yes, we have got a T
Well have a live report on that. President obama says Americans Care more about cheap gas than they do from the environment. Well hear from steve moore, whether this was a cheap shot. All that and a lot more on making money. Stay tuned. David its a huge market day. Nasdaq hitting alltime highs once again today after surging more than 10 last month. Vaccine hopes stronger than expected Economic Data and rumblings on capitol hill of a bipartisan covid relief bill are boosting market optimism. Joining me two markets experts to break it all down for us. Bellpointe chief strategist, david nelson. Great to see david again. And nicole webb. Let me start with the big picture. We didnt mention the fed announced, frankly nothing moves market more than free money. They said essentially there will be a lot more free money as long as they dont see any signs of inflation, the money printing will go on ad infinitum to pay all the bills but we still have a fear in the market of a more antibusiness, at
Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha