Economic Update September 3, 2020

Craig spoke about the market closing near record highs, the price of oil, and Macy’s reporting losses yesterday. He went on to report that the unemployment and jobless claims numbers come out today, with expectations for the jobless claims number to finally to drop below 1 million. He mentions the rumor/leak by the CDC about a possible vaccine available by November 1st and what this may mean for the markets. Lastly, he speaks about the bid made by Blackstone Group for Kansas City Southern, a railway founded in 1887 and what this may indicate about potential in other sleepy value stocks in that sector.