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Activist investor nelson pelts disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and ...

Congressional coverage here to you can watch that online at cspan. Org. We will take you live now to the senate for where lawmakers will see about extending federal spending past october 30. The chaplain let us pray. Eternal god, sovereign, source of wisdom, hear our prayers. Listen as we lift our hearts to you in our times of distress, answer us quickly. Strengthen our lawmakers. Keep them restless until they find rest in you. Keep them dissatisfied until they find their satisfaction in you. Lord, give them the wisdom to make wise choices that will glorify your name. Help them to keep their h...

And it takes teamwork to get this done. This is not something that we normally do. As you all know, this is what were faced with. We said from the beginning, we will Work Together and get things done. And this is another good example of that. Thank you very much, mayor, breed. So, madam clerk, lets go ahead and go to our special order. Clerk okay. Special order at 2 00 p. M. The appearance by the honorable mayor london n. Breed. There being no questions submitted from the representatives of districts 1, 2, 3 and 4, the mayor may address the board for up to five minutes. President yee okay. So,...

Todays action dow gaining 140 and nasdaq surging 1. 71 the market reflected everything going right, but totally obscured everything going wrong. Its a tale of two cities. It was the best at times and worst at times but on up days, we focus d on the best and ignoe the rest what do i mean lets start by going over the winners today to see what they are trying to say. You have to define them. They speak to you. The stars of reteail tell the story. The most important winner is amazon this morning, analysts who missed nearly the whole rally here took the recent pull back as an opportunity to upgrade...

It or go bankrupt. If you want to invest in airlines, im not with you but there is a trade prospect. There is every possibility this is the time to take the road less travels thats the point of this particular segment right now lets look at a few tables and charts we know this was the hardest hit area of the market you can see the decline in the s p, down 35 , restaurants down 45, airlines down 70 and hotels and cruise ships down 73 its the epicenter of the pandemic the issue is that despite all that, we really havent gotten there since march. Thats an important circumstance look at slide two....