Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Streaming cbsn bay area, we are looking live from exclusive sales force camera as we look east at the bay bridge. I was driving over. Its windy. It is windy and cool. Good morning. It is friday. Thats cool. November 6. I am michelle griego. I am len kiese. Good morning. Vote counts are trickling in as we edge closer to a final result. While you were sleeping, big developments. Joe biden over took President Trump in georgia. He is now up just 1,096 votes. President trumps lead in pennsylvania is just over 18,000 votes and joe biden leads arizona by 47,000 votes. But the president has narrowed the gap. We are expecting new results from nevada this morning where mr. Biden held 11,000 vote lead there. All the margins are still too close to call with thousands more ballots to count but we are expecting updates in the coming hours. Looking at the white house where President Trump is making claims without evidence about the ballot counting process. Meanwhile former Vice President joe biden is
Facebook reported amazing number last time. Amazon gave you an amazing upside surprise and it got steam rolled it was hideous nonenonetheless, and i know that. There is the right way to look at it or the wrong way we dont look at the action and we are back to form an opinion about the quarter. Thats the wrong way the right way when a Company Reports great number and the stock gets slammed, you look at the set up often because of an event like say an impending election. I am expecting massive confusion. One of the most confusing weeks of my career unless the results are blow out this day, we may not know who won plus with mail ballots nobody wants to unstock a bowl of confusion why not sell everything on monday for starters, you are too late what the heck did you think was happening. More importantly you are not nimble enough to get back in after you gotten out look at our quality stock selling off right now. You definitely want to get back in take amazon and facebook with unbelievely g
Came to do this show you heard about the hacking of twitter, the fact that trump asked out onto facebook get his message out. Facebook got a lot of criticism for a lot of things over the years, and actually wrote a column recently questioning why Mark Zuckerberg has not fact check the president. Tell us your take on this. What is this relationship between facebook and the white house, between facebook and free speech . Im going to throw you a big question to launch you off track you first, thank you for doing this. It is good to connect with you again to some virtual see. Like a lot of things you cant just keys out in the one problem of facebook from its dna and its origins. In the case of trump, obviously he wasnt a factor in the early days. It wasnt something they talked about in the dorm room when they started it up by the time Trump Campaign got rolling in 2015, this became an issue for facebook. It was lathered on top of sort of the messy way they dealt with controversial content.
World. Good morning, everyone im david asman and for stuart entere. A second virus wave in your, that continues to weigh on investors minds today but there are hopeful signs as you can see green on the screen, meanwhile big tech is trading in the green, amazon is seeing the biggest premarket pop, they just got an upgrade from bernstein to outperform maintaining the 3400 price target, amazing, battery day for tesla which continues to plow ahead, its awful little bit and premarket activity but elon musk say we will see the new product announced until a serious highvolume, until 2022, thats when the new battery will be coming out, the market is waiting on that, and politics versus the Supreme Court, still in focus, trump met with Amy Coney Barrett on monday, multiple sources telling fox news that she is the front runner to succeed Justice Ginsburg. Senate judiciary chairman telling Lindsey Graham and sean hannity that republicans have enough votes to confirm a replacement, today we hear f