Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
Navigate it all. With the clock ticking, get reaction from republican Congressman Ken Buck from colorado. It takes a lot of guts and a lot of innovation to start a business during a pandemic. One man is doing just that, very inspirational story coming up. All that and so much more on making money. Charles so for the most part the market has been elevated all session long but obviously on pins and needles which plains the rapid air pocket we saw earlier in the session where there was a tweet that nancy pelosi sounded very skeptical about a deal with steve mnuchin. I suspect it was strategic tweet as both sides are using proxies to move the market and gain leverage but beyond the drama in washington, d. C. , there is lot of mostly positive news on the economy and stock market today. Initial jobless claims came in better than expected. As they continuing claims was dropped by almost one million in just one week. Consumer spending came in much better than expected even as incomes declined.
Will be the first from the Prime Ministers Office in 2 1 2 months. Abe will speak to reporters after the government finalizes plans with its Coronavirus Task force. The government is expected to lay out a policyo sececure medical systems and expand tetesting capabilities ahead of the wininr. Officials worry about facilities being overwhelmed with the seasonal flu coincides with the coronavirus. Japan says it will likely seek to secure enough vaccine shots for all its citizens by the first half of next year. The government is also expected to take legal measures prior to the inoculations so it can offer compensation to business if they suffer losses because vaccines cause health problems. The japanese government is currently recommending people infected with the virus be hospitalized. To lessen the burden on health care workers, its planning to make the government ordinance on dealing with large numbers of people with no or minor symptoms more flexible. Abe is also expected to mention h
The kids had a ball we loved it. Jersey was great the people of jersey were great to us. The water by the way the water is i mean, the ocean beautiful. Drinking water in jersey still is probably my only complaint. I have to go brita or bottled. But i got this tattoo which i know that you guys showed off last week. I got a lot of neosporin on it right now. Just to keep the bacteria, thats what they say youre supposed to do but at some point well show it off and do the grand reveal. They asked me if we wanted to show it and i said no he never liked it on twitter and im not sure that he really liked it so you brought it up. I wasnt going to bring it up. To be honest with you, i came to it late i was actually trying to not even be on twitter that much and i saw it and it was too late to start retweeting because it was a day after clearly you had shown it off and i didnt realize that i had sent that picture to you but i didnt realize that everybody would get to see it this way. It was fun.
Technology companies coming up in front of congress. We know that Mark Zuckerberg will be taking questions and even delaying earnings. Taylor we are speculating here. We dont know why they have not confirmed that but we assume they are those hearings delayed from today. Stock Market Reactions, so priced to perfection. Unless you are revaluing them, the strongest Balance Sheets, because we are in as in a structural change, they are the only Companies Growing 20 with 30 , lets say you get a beat or meeting expectations, the Market Reaction has been a little bit to the downside with some of the smaller Tech Companies. Is Market Reaction post that interesting but a week later we forget about what happens after earnings. Caroline microsoft was down after earnings. Tesla had a big selloff last week. Sherry, we were talking earlier about the weakness of the u. S. Dollar. How much is that starting to have you looking outside of the United States . We had a call for getting into emerging market