Page 2 - Dick Grasso News Today

Goldman sachs restricting travel from south korea, northern italy. The president from india, looking much more reassuring tone than he is hearing elsewhere. Take a look. Looks like h theyre getting it under control, more and more under control. I think that is a problem that will go away. We lost almost 1000 points yesterday on the market. That is something, things like that happen. You have it in your business all the time. Had nothing to do with you. It is an outside source that nobody would h...

North carolina. For Bernie Sanders, vermont. And right now were looking at alabama with polls are just closing, and that looks like it will be for joe biden. So three of the first four contests that we can comfortably report tonight go to joe biden who little more than, what, 72 hours ago was given up for politically dead. That was then, this is now. Whatever he was able to cobble together even in states that had early voting that came before his stunning performance in South Carolina, well, one...

Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a lo...

Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but jus...

Nasdaq off by 35 we have been thinking the new deal would be by december 15 the huge question is do those new tariffs come into effect the market has been punched in the mouth twice since yet yesterday, futures were up almost a full percent. The first china news yesterday that things werent looking great for december 15. These new comments imply phase one is not nowhere but if people are still thinking december 15, thats hard to believe yesterday, the pull back was the worst day weve seen in mon...

Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are si...

President and not their dictator who offers commentator on how its going, note of optimism, he note that they would retaliate if the United States wants to wage a trade war, i dont know, there was a bloomberg report that lee ho, reformer, trade negotiator expressing optimism, as you said, weve been hearing this a lot for what seems many, many months, years, but maria sure has, take the tariffs off the table or we will not buy the 50 billion in ag products. The warning comes with i want to do a p...

Because something looks like it is. That will be deemed a victory. Do you share that . I agree. Even a mini victory will be great for the markets. That is priced in. People are so nervous about a trade war. Businesses and consumers are holding back investing cash right now. 3 trillion sitting in money market fund, the highest in history. People are still neil 3 trillion in money market . Correct. Neil like money under the mattress. That has to be put to work. Money going to put to work. If you g...

For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being tou...

Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad...