Increase you dont have to sell your stocks to beat some kind of Capital Gains rate that is quo going to be punitive for rich people im not saying it is solely business as usual. But i am saying that if you own tech stocks, which a lot of people do, there is nothing to keep the stocks from going higher remarkable night, pollsters seem to think there would be this blue wave that got avoided if anything, there is, i think, a recognition that whatever the heck we had before election day seems to be the same after so, david, you know, i feel kind of business as usual for us. Well, it is, carl, not business as usual this morning as you say as the votes continue to be counted in important battleground states. Three you mentioned. Want to add georgia in there, potentially North Carolina, still those early votes, carl, being counted and tabulated and were paying close attention we are, guys. In fact, front and center this hour, the president ial election remains unsettled as voting continues as
The show. A oneday day holiday on monday. We have seen initial gains of 85 , but still a healthy debut. A big ipo in hong kong. Smic is picking up 3 despite reports earlier. Gaining and alibaba is also up, close to four points. Currencies it onto in terms of cnh. It is around the level that it was fixed at. Pound, between brussels and london, increasingly concerned. It is currently down. 4 . 39, 1. 7 . Yvonne how they are going to reopen is still the key question. More than 4 incline. A rallyting a blip for reversal. Thisrine, we have seen text selloff just for a bit. Thisthat it can lead market at the moment or i looking too tired at the moment . On one side, you see the market really being driven with a lot of liquidity and strong retail participation, also in the u. S. , so i know it is contrarian, but when you look at the sectors, some of these companies are delivering on earnings. Fundamentalsat the and these companies that can achieve earnings growths. What kind of correlation ar
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
Welcome to power lunch. A lot doing on the dow is up triple digits, although off the highs of date that is about 0. 06 of a gain. Take a look at abeBed Bath Beyond, the best day in almost two deck asd ades on its annount of a new ceo and Kayla Tausche is outside the room where it is all happening in washington today. Reporter and inside the ustr building just behind me, we are expecting that lunch is wrapping up and that some of the lower level officials are going to be returning for an afternoon negotiating session that were expecting to last about four hours. And then around 6 30 p. M. , the two sides will host a dinner that white house Officials Say is going to be a celebration of sorts. I was told last night that it was a rather fancy and special affair, were still awaiting the location on that one of course the main event is going to be tomorrow as we now know, President Trump tweeting that he will be meeting yet again with chinas vice premiere in the oval office he says that chin
Them seniors will be able to remain in my community. All of them had been ellised act, and they were just waiting for the final blow. And because of this money through the eras act, the city was able to step in and buy that building. And now that building will be part of the citys Affordable Housing stock. And at least 40 of this fund will be dedicated to the preservation of existing housing just like that one. And i just feel like its so important were out there, buying these kinds of buildings that are getting elity acted to save clients in ellis acted to save clients in these types of buildings. Its my belief that the small site also helps build more neighborhood support for Affordable Housing generally. And ill just close by saying thank you for all of the hard work and the work from your staff, supervisor fewer. I just really appreciated it. Thank you. President yee okay. Thank you. Colleagues, can we take this same house, same call . Okay. Without objection, this ordinance is pas