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If you say things are okay, not as great, and youre an industrial, because there will be an opening of america, people will buy you if you say things are in line and you pull your forecast and youre not industrial, its a recipe to be sold. This is about hope its about the idea that it cant be as bad as it is right now. Youll see that even with marginal retailers, people think a marginal retail hear to come back because america is open listen, you have to go with the flow for a couple days if youre a trader if youre an investor you have to take the other side of this trade as we get closer to t...

Hours in the Oval Office Last night. The gop plan proposing 1 3 of the 1. 9 trillion democrats are looking for. It was a very Good Exchange of views. I wouldnt say we came together on a package tonight. No one expected that in a twohour meeting, but what we did agree to do is to follow up and talk further. The devil of course is in the details. Theres plenty of kidisagreemen in the dollars in the plan. Its unclear how much republicans are willing to go up and biden willing to go down but a Top White House aide suggests not much. Everything here is to help people stop suffering from the pandemi...

In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting...

Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter on quarter retraction since 2009. The year on year number rising 1. 3 , is also bigger increase and...

Brief so a lot more to come on that front. Also on capitol hill, democrats are moving ready to move ahead with the 1. 9 Trillion Covid Relief Package with or without republicans. President biden sat down with a group of republican senators last night for two hours to break the ice it appears on a potential bipartisan agreement. You see video from the Photo Opportunity in the oval office right there. But both sides level the room saying there wasnt a deal and no clear path really to what happens next. At the very same time, President Biden is pushing ahead today with more Executive Orders focus...