Radio. Alongside lisa abramowicz, im jonathan ferro. Tom keene will be back with us on wednesday. Erasing the mornings losses. Monday morning, we are faced with vaccine news. Some other news as well. We are pushing things forward every monday, it seems. Lisa although it seems like the market didnt respond so much to that news. There seems to be a lot of positivity baked in. So my people who came on this show were saying if there is any pullback, which there were likely be which there will. Ikely be, buy that dip that seems to be the feeling as we bleed higher towards the end of the year. Jonathan this morning, but theyre not out this morning, requestplanning to approval for this vaccine. What we have to think about is what would the anchor expectations on the policy side and on the data side. Later this week, the chiasm claims, payrolls the ism claims, payrolls. Do people start to get worried about the nearterm future . We hear from secretary mnuchin and chair powell this week. A bit o
A half percent. Another thing i am watching as the rnc tax policy. Toer this hour, we are going look at taxes and how they play into wealth inequality. We are going to do that with Dorothy Brown november university. First, economic data. Confidence, 84. 8, the market was looking for 93. Ist is a week number that a weak number. This tell us something about the stimulus debate, the employment market in terms of the present situation. That has weakened significantly from the 94. 2. The expectation number has weakened as well from 91. 5. We have an 85. 2 this time around. Newhome sales continuing to drive onward. The Housing Market showing no respite. Look at the lumber prices. Sales, 901,000. That is a 13. 9 permit very strong number. Consumer may be starting to show signs of weakness and concern. Lets talk about the market today. We have already indicated what we are seeing is stocks, global stocks continuing to push on very strongly. What is the excuse . U. S. Chinese officials holding
Fbn power to prosperfbn power to prosperp . Prospern wer to Prosper Network ahead i with georgia doug collins, next hour mornings wit, stay with us. Bu vo at audi, we design cars that exhilarate with versatility, whether on the track or the everyday drive. Ilosophy extends to how we connect at your door. Ether a remote test drive, audi at your door can do this and more at participa audi at your door. Ma go thanks so much f[z im mari june 17. Fbtoeast coast coronavirus cases once again aases. Good news on pandemic this promise inngatients. Federal reserve chairman powell capitays there are sig rebound in the uncertnty remains and ier n pushstimulus. Markets are higher, were at the highs of the futures indicatinge will see of yesterdays big rally. The dow 58, ands p 500 up expected retail sales yesterday fueling a rally for stock and at the close the dow inde 526 points, better thanthe nasdaq was 170 s p was up 58 yesterdayofr olice an executive order pushingor training. Emphasized thepo
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is almost as good as a wired mouse. People want that becaus