Populating wall street are a bunch of weather man everyday you hear the forecast today the dow slipped some points nasdaq declined 1. 2 it is enough to make you take a meteorologist course to see which way the wind blows seems like both ways blowing at the same time. The tail wind dies and the market goes right back down again. You dont care about todays weather, what good is that for you on the forecast . It is easier said than done. How do you navigate your way through the confusing markets. Starting with the winds from the vaccine. We know it is a huge tail wind for the economy. Once people are vaccinated, we can open everything back to normal and more restaurants and retailers will make it and there will be more jubilation. The jubilation that kohls got underneath its stocks and malls can reopen and troubled retailers can be able to shooure and macys the younger robin hood traders are betting heavily on the cruise line, between the vaccine and soon enough well be able to take a cru
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
Hour as he is in wisconsin right now, far northeast port of that state in the city of marinet. As the president will be at a shipyard there, you reason he is there, the ship in the back of the picture there, that Company Involved is getting a 5. 5 billion contract to build 10 of those very exact ships. 1000 jobs to come into that area. You will likely hear the president tout that and job creation in wisconsin. That state, the badger state has been a focus for the white house and the Trump Campaign this week. There is a pretty good reason why, when you look at the history there, democrats won seven consecutive president ial elections. President trump flipped that state in 2016, winning less than 1 , 22,000 votes. 10 electoral votes are in play in november. The polls right now, if you listen to them, look at them, believe them, not looking good for the president , the real clear politics average he is down to joe biden by eight points. Highly respected Marquette University law has same e
This 90 minute event. We have two speakers tonight. Work and speakers published as a team. Easton, thank you. Gps he coauthor of declassified, which is named as one of six books on the professional reading list. Richard has contributed a number of articles on the history of and a the space quest spaceflight the institute of navigation newsletter. He has also spoken widely on the aiic including to the guidance network. As well as the after longitude modern navigation in context seminar in england. As well as at the Explorers Club in new york. Fraiser is a independent other who specializes in science technology, business and help. Work published online by Government Technology and various North Carolina publications and worldwide magazines. Worldview magazines to be accurate. Maps, hee passion for theuthored with him comprehensive examination of the Global Positioning system of gps from its origin as a cold war military program to its inrgence as a vital utility the variety of positionin
Street. Bob pisani. A lot of fun today the company priced at 17 per share, it closed at 24. 48. I call that a successful opening. Now snap has a market cap, 34 billion. This is the same neighborhood as travellers, deere, General Mills and marriott. Why the healthy pop . The markets are trading near historic highs. Second investors have been starved for a high demand ipo for a long time. Third ipo returns have been strong. The average ipo is up 26 in the last year. And finally, the number of shares the company floated pretty small, just about 14 of the total shares outstanding. This was a great first day pop but a lot of Tech Companies have had great first days then they run into trouble within six months or so. Item number one. Facebook priced at 28. 12 but had a terrible time after that. Then we had twitter. They priced at 26 in 2013. Huge first day. They closed almost 45 but it too was plunging six months later. And we have alibaba. They priced at 6 in 2014. Their first day they clos