Scott Shellady News Today

You know, and the nasdaq, of course, moving ahead here. But right now the dow and the s p are the ones poised for a gain on the week. And we got that hand count underway right now in the peach state as Networks Finally do what fox has done and call that race in arizona, indeed, for joe biden. So that is not going down well with team trump. Well take a look at whats happening on the count, where he might place his bets right now in this increasingly unlikely bid to secure another four years of th...

The swing state of pennsylvania. How will voters react one week from the election . Its the final sprint to november 3, joe biden will leave his house to attend to events in georgia and when questioned about his relaxed schedule, he said every day is a 12 hour day. The president keeps up eight torrid pace heading to three states today pulling in huge crowds with tens of thousands attending the three events in pennsylvania yesterday and by the way, 62 million have already voted, 20 million in per...

Should be defunded, the left is worried that the president may rally the countrys morale and they cannot have that, Speaker Pelosi, treasury secretary mnuchin, they will talked again about the stimulus plan, the far apart on the size of the package but they agree on extending emergency payment, they are still talking, nbc held a town hall for joe biden last night, no questions about packing the court, offering statehood to puerto rico in washington, d. C. , who the democrats were put on the Supr...

And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention ...

Could be a fullcourt press at least on the administrations part working through the coronavirus folks saying look, the worst of this could be behind us. That is one of the reasons why the president has been stipulating, he thinks all kids in this country should go back to school in the fall. That has earned him the wrath of Governor Andrew Cuomo who is also addressing reporters right now saying what about the kids, are you thinking of the welfare of the kids . The back and forth goes on and on. ...

California will open movie theaters on friday, at least in a limited capacity, but they are opening. Guess what . We have an ipo today. Remember those . Vroom, an online used car retailer, goes public this morning. All positive signs abound. Yet the media is jumping on the headline from a group called the National Bureau of Economic Research. That Group Reporting late yesterday that we are officially in a recession and that it began in february before the pandemic. Still scratching my head on th...

Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the...

Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid re...

Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distanci...

Time to lessen the economic pain, which we are clearly suffering. Meanwhile, fox news has blown the lid off the china virus story. Reliable sources suggest the virus began at a virology lab in wuhan, china. Patient zero, the first person to get it, was a lab worker who went out into the city and spread the virus from there. Now, the chinese authorities covered it up. They delayed action. They altered data and suppressed doctors and journalists who reported the truth. The story is an indictment o...