2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Without some sellers coming out of the woodwork which is why the dow shed now tepid nasdaq lost 3. 4 twee have to use this moment to regroup and figure out the markets. I think todays action was pure profit taking. But the sellers had a lot of excuses. I any its worth going over them in detail. Its forearmed rail recovery thesis really moderating. It might be right. Its certainly a possibility if you dont get stimulus. Second, the reopening has clearly been stalled by the outbreaks. Its trying to get the mortality rate substantially lower than the original outbreak in new york some of that is because weve gotten better treating covid as we learn more about it, it is novel if you were on a vent lator in new york, you only had a 20 chance of surviving. Youre now at 70 . You have a host of treatments you didnt have before steroids, remdesivir, blood plasma i dont want to doubt it even if more people survive, complications are horrifying nobody wants to spend weeks in the hospital nobody w
Usmca, china, theres a lot in the mix today. There sure is as we start squawk alley. Glad to join you carl and deirdra bow is a also with us this morning major indexes still higher, though the dows best performer over the last quarter was apple so, we can continue to watch that stock as well its been interesting, deirdra, to see this move in apple over time thats where were going to start. The dows best performer again over the last quarter. In the midst of this platform shift right now, we have to see whether they can continue this momentum as we head into a Holiday Season where the headlines are questionable whether theyll be able to churn out enough of the 5g iphone based on production delays that theyve encountered in the midst of the coronavirus absolutely. And its not just apple, right, guys tech had a big quarter at large. Youve seen them lead the way once again, although alphabet little underperforming so youre starting to see more breadth in this market one of the major questi
Your wealth. We live in a world where it is difficult to become rich if you werent born that way. And love it or hate it, i believe that the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in the country but there arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and if you want to become wealthy in this country unless youre born with a silver spoon in your mouth that means planning your Financial Strategy for a lifetime even if you dont have a super high paying job, as long as you could save a chunk and invest widely, you could become if not fifthy rich, then at least financially independent. Meaning you dont need to worry about job security or where your next paycheck is coming from and retire easily without the need to rely on Social Security which might not be around when some of the younger viewers hit retirement age that is why tonight, tonight i
Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio