Gasoline on the outrage of nursing home deaths. And Elise Stefanik has been long calling for an investigation. Thats ahead. Before we get to that, President Joe Biden, the unity candidate delivering a welcome gift to emboldened progressive. Shoving his administration as far left as possible. The New York Times said here, a number of the Officials Biden selected would have fit easily into an Elizabeth Warren administration. Biden has signed Executive Orders increasing food stamp benefits, took steps to begin a 15 Federal Minimum Wage and replacing the federal fleet with electric vehicles. Hes looking at a child tax credit. The president demonstrating an aggressive use of the power of the pen to get things done. So far with 40 Executive Orders and actions to date and more on the horizon as progressives continue to push. Now more than 50 democratic lawmakers led by ilhan omar are pushing for monthly 2,000 covid Relief Payments to their constituents as the pandemic drives on. Heres more. W
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
President trump and the white just a few months ago, we were talking about labor shortages house down playing efforts on going up thats no longer the case. Another stimulus bill despite urgent pleas for more relief from the states and businesses up 1. 4 on the s p. Are you suggesting that companies have an edge in those Profit Margins not falling further because theyre laying off so many workers . Were going to tualk about that stimulus question if a in a i think they have flexibility moment, but shares of outback and if they did want to cut costs, either being claim clementining on the back of earnings. The ceo joins us to discuss the opportunistic about trying to results and whether customer rs figure out where it makes sense to invest, but when you have a huge pool of underemployed coming back to the restaurants that have already opened and well speak with afi cio people out there, all of a sudden, you dont have to bid up as much for workers as was the case a few months ago. All rig
Contraction than anyone realized , and the statistics on this pandemic are not all that good, are they . Francine now, they are not great. We have that horrific figure of 2 Million People infected worldwide, however we are seeing the u. S. , germany, and others thinking about relaxing the rules. It is different in japan where they are talking about a state of emergency. Today, overall the initial claim tally is said to push the fourweek total to 22 Million People without a job. We will spend time talking about that, and we have a headline from apple. I just got the air pods. Apple plans over a year headphones to bolster business working from home. Tom we have seen apple with product announcements including the smaller i found in the last lasturs, iphone in the 48 hours and they are separated from the collapse in smallcap. Right now, here is viviana hurtado. Viviana donald trump will unveil today plans to relax stayathome guidelines and suggests the coronavirus is flatlining in parts of
Me if my tie was fixed, but ok. Just leave it this way. David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You are seen as somebody who has said there might be a chance of a recession at some point. Do you seeof any chance of a recession in 2019 or 2020 . Ray i am big on principles. I think it is important to understand how the economic machine works, so when i am looking at that i want to take a , few minutes and get into the important things that pertain to a recession. Because a recession, whether is two negative quarters of gdp i think we will be hovering fairly close to that level, but the bigger things are a combination of the absence of effectiveness of central bank policies. I hope we can talk about those. Together with the wealth gap, the large wealth gap s