We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair
Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a bubble right now, scott theres no doubt about that. We look at some of these names that have absolutely soared to the up side. We all know those names. Zoom would be the poster child you go across the board and say theyre in the right place at the right time but are they fairly priced or are they a little bit in that bubble area i think many of them are but right now, scott, its about growth and there has been growth and cash and last week we heard wre rick riether last friday and youre looking
Demonstrators protesting against Police Brutality in nigeria. All that and more, on tonights pbs newshour. Major funding for e pbs newshour has been provided by when the world gets complicated, a lot goes through your mind. With fidelity wealth management, a dedicated advisor can tailor advice and recommendations to your life. Thats fidelity wealth management. Consumer cellular. Johnson johnson. Financial Services Firm raymond james. Bnsf railway. The kendeda fund. Committed to advancing Restorative Justice and meaningful work through investments in transformative leaders and ideas. More at kendedafund. Org. Carnegie corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank yo
Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings theyve done a little bit, but ineffective when you look at the carnage thats out there in stocks like u. P. S. And microsoft, which both had good quarters im very cautious on the markets. Were through earnings earnings hasnt been a lift. Even though its a good earnings quarter, put it in perspective its still down 16 year over year so, markets are way overvalued corona is a big issue. I dont see returning to march lows because i checked the number of cases in china and south korea and the philippi
Has decided to award the Nobel Peace Prize for 2020 to the world foodd program for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflictaffected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict. The World Food Program was founded in 1961 and is the Worlds Largest humanitarian organization addressing hunger and promoting food security. The Nobel Committee says the coronavirus pandemic has led to a surge inn the numberr of vicis ofof hungerr in the worldld and ququoted the wfp whichch said, l there is a medical vaccine, food is the best vaccine against chaos. In 2019 the u. N. Branch provided assistance to close to 100 Million People in 88 countries affected by Food Insecurity and hunger. The wfp thanked the Nobel Committee for the honor on twitter adding the award is a powerful reminder peace and zero hunger go hand in hand. Next, a typhoon is now barreling toward japan. Weather Off