Rick Rieder News Today

We are awaiting updates from the keystone state this hour. We are expecting former Vice President joe biden to speak in prime time. First, the u. S. Stock market close the week with gains. The s p and nasdaq having both their best week since april hold into next week. Lets get the latest from Sarah Ponczek from new york. Investors dont seem to care about the uncertainty of the president ial election. Sarah they do not seem to care. Today, we did see a slowing in the rally. Look at where the majo...

Despite the spike in covid cases around the Country Companies are looking to the other side of the pandemic as we make progress on a vaccine. Pfizer out today with big news it applied for fda emergency use of its vaccine and Corporate America sending signals of an all clear. Nike, merck, kohls and costco, more and more Companies Getting comfortable forecasting the future the number of big businesses issuing Forward Guidance up 30 from last quarter. Corporate america is looking to the other side ...

Street audience. It is really important to look at the levels here and not the abrupt changes day after day. Moments ago, s p futures 3500. Dow level, 29,000 plus. Nasdaq 100 level, 12,000. That is a market that is adjusting. Jonathan the nasdaq up 9 since election day. Three days, nasdaq futures up 9 . Can you make sense of some of this price action . Tom absolutely not. Jonathan seeing the equity market up this much is pretty impressive. Tom we can pontificate about it. Lisa will have all of t...

Gain of more than 500 points the day before that and right now dow futures indicated up another 113 points this comes after the dow closed at its highest level in a month yesterday. Oil prices picking up by about 3 more of a supply picture but the s p 500 indicated up by about 13, nasdaq up by 31. And treasureky my market, te yielding 0. 765 . Andrew lets talk about stimulus this morning because house he Speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke about a broad stimulus plan...

Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the S...

President trump aggressively denied the story, with, i believe, four sources cited early in the article. It is amazing how one story can shift a dialogue. Francine shift the dialogue, maybe, tom, but i dont know what impact it will have on the polls. Polls, it is one of the interesting conversations in an election year, banks realize they could be one of the most volatile moments in the markets, if you look at the states or whether there is a broader change of heart toward change of mind when it...

7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this ...

Becky is off we have a lot to get to. The s p 500 flirting with the new record high. Closing seven points lower futures pointing to a pull back the dow looks like it is off nasdaq off about nine points showing you stocks in europe also under pressure talking about why this would be. Closer to 2 in britain. And treasury yields look at the note looking at. 696. We are starting to see in covid cases pick back up in europe, which may impact here. Well try to talk to dr. Scott gottlieb about that. Fo...

Unemployment rate over 10 , and that is nothing like what we see this morning. The mystery of what we see with this is absolutely extraordinary. Weve got the voices lined up to talk about it. The market standpoint, economic standpoint. What is missing, maybe we will get that from mr. Kudlow later, what is the view of washington on the American Labor economy . Jonathan and will the view change with jobs numbers falling apart . I never thought i would sit here and say it could be positive one mill...

Predictions and youre making another big one. Why next week for what you call a monsterous rally into your epicenter stocks happy friday. We took a look at what happened the last time cases peaked which was late april it took 20 days last time. If we look at the current context, daily cases peaked july 27th the 20th day would be august 14th we have been seeing consistent 7day decline in average daily cases but our clients are thinking this is in the middle ground theyre not clear if its a decisi...