Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look
Along with hemt care and energy. That was quite a turn around on the banks ahead, wall street heavy weights are taking sides on the market david miller and david tepper warning about the historic overvaluation. Bill miller announces saying they see market values here. Were going to ask billionaire mark cuban which side he is falling on right now plus, a rare interview with william demchak. Hell discuss the banks decision to sell its stake in blackrock. They own 22 and its created quite a business since they sold lets focus in its a great booking and i cant wait for the interview as weve been discussing. I love all the people you book from nap foods to nikes, but this one is creme de la creme from sarah try to get one youd be interested in. 59 minutes left of trade lets focus in on the big stories. Mike tracking todays volatile market action. Phil has an update on delta. Kate has a look at what mastercard is say iing about Consumer Spending. Mike, start us off with the Broader Market, w
Speaking to reporters at mexico citys airport, he said he arrived with his hand extended. He added the United States brings hope for a prosperous and stable mexico. The new governor of puerto rico knows he has a tough road ahead, but she says she is preparing for it. Pressld the associated her priorities are to fight corruption, secure federal hurricane recovery funds, and to help puerto rico out of its 30 year recession. She is excited to finish the team of the former governor who resigned earlier this month following a massive protest. The Trump Administration has informed congress it plans to sell f16 fighters worth 8 billion to taiwan. It is a move that is sure to escalate already high tensions with china. Two u. S. Officials and congressional aide say the administers and have informally notified lawmakers of the potential sale. The f16 deal would be highly controversial because china fiercely opposes all arms sales to taiwan, which it regards as a renegade province. Global news 24
A lot of news tonight. Joe biden reportedly anxious and angry over his reelection prospects. Why . Poll after poll after poll, dont trump is it beating the current president. Demographically, joe is losing huge parts of his base. Hes losing huge numbers with advocate americans, Hispanic American Sky younger people, suburban moms, they are leaving him. Now democrats, the Biden Campaign, the mob and the media are all desperate and i mean desperate. Some would even say that while, the left is bracing for a political bloodbath, which is why they are desperately now praying that donald trump spends the next 221 days in courtrooms all across america in the hopes that joe Bidens Bidens weapon Eyes Department of justice can help joey win the day. But whatever you do, just dont call it a blood bath. , they will accuse you of fermenting violence. The same people that said that 574 rides in the summer of 2020 that killed dozens of americans, Injured Thousands of cops, with bricks, rocks, bottles,
Never ending up months in the dow jones while hes been in this first year president well its not hard to explain why please explain x. Guys or you know markets tend to go up and down based on things like the Business Cycle which is tied to Interest Rate cycles tied to global trade imbalances and trade cycles but what weve seen in the last twenty years in america and in the last ten years in particular with Interest Rates near zero effectively the Federal Reserve bank has opened the door to the vault of the s. And p. Five hundred it allowed a few corporations to run him and guerrero all stocks at zero cost to them through Mergers Acquisitions stock buybacks this is what i call america being taken private through a massive leveraged buyout financed by zero percent Interest Rates. So there is no i dont i dont think the world there will ever be a down market in that one were we are leaving the era of a free market capitalist system in america were entering me all feudalism so theyll be a f