From its previous record high close on february 19th february 19th, that seems like so long ago. What a different world that was back then. We want to fire up the fast money time machine for a trip back there to february 19th. Look at that, our traders there on set all together at the Nasdaq Market site that was fun you might be thinking to yours this is some oldtimey footage of people dining together at a restaurant that was february 19th theyre all sitting inside a restaurant can you imagine that they can out the theater goers waiting to see a broadway show while were at it, there was also an nbc news democratic debate in nevada that night. Take a look at that. Hi, bloomberg, hey mayor pete. Theyre hugging, shaking hands, so much closeness. Anyway, the entire world has clearly changed since february 19th but the stock market is back to where it was guy, whats your take on this record comeback . Well, what you didnt tell the audience is you also were playing the piano for this little
And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m
Republicans and the white house unveiled their coronavirus stimulus plan today and now comes the hard part both parties have to negotiate their differences. Joe khaleel reports from washington. Now the republicans have their own bill negotiation toward a bipartisan stimulus package is under way republicans put forward a trillion dollar proposal for kids jobs. And health care senator Mitch Mcconnell says the gop plan provides Liability Protection for businesses more than a 100 billion dollars for schools and more testing money every single thing we put forward as a way to get more relief and the peoples but democrats say the gop plan falls short compared to their own 3 trillion dollar plan republicans seem to say that people dont want to work they want to take on employment stay home and that that is and so the Democrat Eric swalwell says republicans proposal to reduce the extra Unemployment Benefits from 600 to 200 a week will slow the recovery. We want to keep a steady flow. Of Unempl
Some of the other Asset Classes are moving on a bit of news. Sterling falling, erasing the gains we saw for the currency before the general election. Going below 1. 31. The thai baht is one of the strongest currencies in this part of the world, Interest Rate. Bit later coming out Oil Inventory story, that is not the oil price but we have 60 or thereabouts. That is reflective of a growth in u. S. Inventory. Bitcoin, continuing to be there even though it is higher. A report says the cryptocurrency perhaps peaked two years ago and on top of that we have a lot of rivals out there. There is a crypto scam in china which is seeing unwinding of the action. That is where we are from these Asset Classes. What else is going on . Lets join su keenan. Japan and the latest economic data, japanese exports fell for a 12th straight month in november. Aat confirms little sign of pickup despite indications the slump in Global Manufacturing may have bottomed. The value of shipments abroad fell just under
Quorum call ms. Cortez masto mr. President , i rise today in opposition to it the nomination of lawrence van dyke to serve on the United States court of appeals for the ninth circuit. Mr. Van dyke fits neatly into this administrations pattern of picking federal judges for our Circuit Courts of appeal without meaningful input from home state senators. The president continues to select ideologically extreme nominees like mr. Van dyke, and the white house is putting forward people without enough experience for the momentous roles they have been chosen to serve. Mr. Van dyke has been nominated to fill a nevada seat on the ninth circuit, even though hes not a nevadan. He didnt grow up in my state, he doesnt appear to own property there, he doesnt seem to have family ties, and he was only an active member of the nevada state bar for two years. Senator rosen and i engage with the white house to put forward highly respected nevadans with bipartisan support, but our suggestions were summarily i