Says a 10 correction remains the most likely outcome in the nearterm. Joe, tell me whether you agree with this call he said last weeks failure to break through technical resistance for the second time suggests the correction is not over he expects softness past the election before the next leg of the bull market. Do you agree with that last monday we got up to 3,459 on an intraday high. The previous high was 3,588. The reason we pulled back is the absence of a stimulus deal the conditions are fully in place now to exceed that 3,588 high when you look at retail sales in the u. S. , when you think about the strength of chinese economic numbers, think about the fact that yesterday we had the single largest travel day for the Airline Industry in the united states. Clearly the conditions are in place. If i look within the markets itself, its just not technology on friday reaching 52week highs. Air freight logistics, construction and engineering the conditions are there its the absent of sti
Big buy call on a burger joint you know there it is. Its yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a Big Court Win in california deirdre bosa has more. Reporter until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the shortterm it suggests that their threats to shut down service in california over the last week worked just hours before the extension, lyft told its drivers and riders it would be suspending services at midnight because the change would necessitate an overhaul of their entire Business Model and wasnt a switch they could flip overnight. In reality the writing has been on the wall for years. Uber and lyft used a tactic theyve used in other markets to avoi
This morning my interview with senator Bernie Sanders of vermont. Plus our brandnew nbc news wall street journal poll on the eve of the Democratic National convention, also as covid relief talks break down. Perhaps you mistook them for somebody who gave a damn. President trump says no deal, no new Postal Service funding for mailin voting. Its very simple. How are they going to do it if they dont have the money to do it . Sabotaging the mail in order to help his reelection chances what weve never seen before is a president saying im going to actively kneecap the secures a agreement in the middle east. Ill talk to National Security adviser robert obrien. Joining me for insight and analysis are nbc news capitol hill correspondent casey hunt. Former Homeland Security secretary jeh johnson, carol lee and Charles Benson from our nbc affiliate in convention city, milwaukee. Welcome to sunday and our coverage of the Democratic National convention. Its meet the press. From nbc news in washingto
Is this pandemic a legitimate gold rush and richard who are the opportunistic profiteers. Well there are so many it kind of londell to the mind on the one hand you have the hustlers and im trying to are like the people who are using a social media on the internet to sell fake medicines to sell fake cures to sell fake vaccines and to sell all manner of things that are going to protect you from the virus and from getting sick. Much of that is illegal and many of the claims involved are straight out of the regal but its going on its very hard to stop it exists both in the United States and in the larger world so thats one con but even when you get upset about it its a small amount of money compared to what you might call the legitimate examples like you were mentioning of levy strouds with the genes. Lets take one example amazon where you cant go to a store safely when you dont want to get joe masks and gloves on and all the rigamarole what do you do you use a Delivery Service amazon is a
Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th