Interesting to see the 2021 look forwards. All we have is good conversation and a look at the tea leaves. Lisa is going to talk about jobless claims and all the rest of it, but i want to look at the granularity. Is a pandemic ago stock, and there is the reality which i believe you mentioned yesterday. I cant remember which property you mentioned it on. You know what . Retail is really struggling. Jonathan this is the story. A stock like macys has done pretty well over the past week, but that is the difference between the ketchup trade the catchup trade and a durable trade. I think that is the story for hours. T couple of we got to get through the next couple of months. Tom i mean, it is a comedy. But this is not funny. In south australia, you can now not walk your dog because of pandemic fears. Talk ofes of the macro the Bloomberg New Economy Forum and the realities that lisa has been talking about here day by day. That gets your attention. Jonathan and initial jobless claims will get
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Is its been a broadening out. Now, the question is is there enough money to go around to buy 3m today and also buy lets just use lets just pick nvidia, okay and the answer is thats to be determined there is a lot of newer money coming into the market, we will be talking about splits later today and the nature of the alchemy of it all but the thing that im most excited about, david, is there are industrials doing better than expected we have to stay focused on that because when we think about 3m making a come back, think about where they were and that is the you know, that is the and theyre having some good numbers this morning, thats what stood out to me and it makes me think nat industrial leg must be included in any portfolio. Its only up 2 are you kidding me youre referencing yeah, thats the stock youre referencing 3m. We should just tell people theyre giving us Monthly Sales numbers, july was up i think 6 year over year, 2. 8 billion, organic local currency sales up 3 because dont
Dead flat to start the morning but you never know, of course, where it is going to end up and thats why you have to watch every minute. I promise. Take a look at this. The nasdaq in record territory, fueled of course by big tech and for those of you who wonder why we talk about these stocks so much, here is why. They are all going to open at record highs, starting with amazon. Today will make six days in a row that it has hit an alltime high. Apple at 384 bucks, that stock up 40 in a month. Microsoft, 215. That stock is up 25 in a month. Facebook also continues to surge, despite an ad boycott and negative pushback from civil rights groups. Netflix, clear lockdown winner and its been said on this program that we are indeed entering the golden age of streaming. We will talk about all of these stocks and more, tech winners throughout the program. They are remarkable. Its going to be a big day at the Supreme Court. It is the last day of the term and a decision on whether to release the pre
Famine market ive ever seen either the world is ending or everything is going to be just fine. House of pleasure no middle ground. Problem is, thats a terrible way to invest. Have to try to keep a level head, not too negative, not too positive thats how you handle days like today where the average is up and down, big before covering, not only gaining 158 points. S p climbing. 83 . The nasdaq jumping 1. 43 down so horribly, wow, let me break it down for you. This morning at 4 00 a. M. This market looks horrendous. Down a thousand points why . Nobody really knows. We heard it was because of covid spikes and outbreak in china i was watching the tape and it was all about the same, the big declines in royal caribbean, norwegian cruise, carnival, apache, united, continental, southwest, kohls, everything got crushed last week, everything that always trades before the market opens. Why dont we call them unusual suspects thats the new playbook for all the novice investors who crowded into the m