I thought this show was supposed to be non-political. Why doesn't Ed just wear a Biden Harris campaign hat? This is beyond biased. Maybe the show should air on NPR.

So Roger won't be back for two weeks? There definitely won't be result by 5pm next Tuesday.

well that one was dark. good analysis though.

Either the hair dye is for someone else in his household or it is used for hairs not on his head. And the other question must be asked: is deodorant needed during lockdown? (Googling Unilever & P&G stock prices since the lockdowns)

Haven't seen too much on the residential real estate sector from RV or RVDB. That seems to be a part of the economy that is primed for large volatility going forward. Maybe RVDB isn't the format for that type of discussion, but I would be very interested in seeing more on that topic.

Like all your questions, back and forth and looking at different scenarios politically and not. Would like stats on death rate rather then COVID cases . VIELEN DANK !

Can you please just post the transcript of the first segment each day and start with Ash and Ed right away?

Disappointed with the political angle to today's DB. We see that all day long on other BS networks and not what I come to RV for. I understand that some of it plays into market action, but as you all have said before, the markets have priced in the election and spending will rise under either party. I agree with the analysis that markets puked because of virus and stimulus news, and not who is going to win in a week.

People do go to bars but not to the office. Perhaps because work is related to mass transit?

Nice work. You guys should consider doing some sessions discussing prospective election outcomes and their impact on various asset classes and equity sectors

I’m no Trump fan, but the continued droning on and on about Trump’s negatives and every other negative out there gets really old. It’s gotten very difficult to listen to the Daily Briefing because I just don’t want to hear the same negative I hear all day from other news sources. There are positives out here in the real world. For instance, maybe mention the JP Morgan report that shows that >70% of rise in the new COVID case numbers is from increased testing alone. Yes, that means that the other 30% is from increased positivity. But you only mentioned the negative of increased positivity, not the fact that the increase in cases is proven to be overwhelmingly from more tests being administered. In addition, maybe highlight the fact that we have better testing capabilities now. Maybe highlight that deaths per case are a mere fraction of what they were in the first wave. Guys, the glass is really half full. -Realistic, but Optimist Subscriber

Sorry but Hailey's hard to listen voice detract from her content

Haley, your mic seems to be clipping/capping on your voice sometimes. Maybe try turning down the gain 25%? That should make it more easeful on listener ears. Thanks for the Ant take.

Ed - your interviews of portfolio managers and traders are first class but the Daily Briefing has become just a free form vamping of conjecture. Losing relevance. Stick to markets and leave the political stuff to the other billion venues dedicated to same.

Ed ... So you think that it's an either or...... the economy or public health. (Like politicians can continue to make that decision.) I'm here to tell you that it's like the question what came first the chicken or the egg....It is not that simple....

I get the bearishness on the economy, but I think there’s to much opinion creep on covid by RV. RV and many of its viewers were way ahead of the curve on covid being an issue going back to late January. However, the pandemic is here, and it really isn’t nearly as bad as anticipated. Some countries have chosen to not even lockdown and have been largely fine. The mortality rate is about 10-20x better than initially thought. Republicans seem to be planning to not shut down again. China clearly decided it isn’t worth another shut down. Europe is protesting new lockdowns. While more cases might be bad for the economy for a wide variety of reasons, the continued doom and gloom as if its still February is unwarranted.

Great work. There is another group who benefit, or at worst are unaffected, and those are public servants. Here in the UK, as far as I know, the government hasn't shed any workers. Meanwhile the private service has let a huger number of workers go, for a variety of reasons. Good for you if you are a public servant, however we are going to end up with a very unproductive society, top-heavy, if we have fewer productive workers and a relatively larger number of parasitic bureaucrats on top.

Great work. There is another group who benefit, or at worst are unaffected, and those are public servants. Here in the UK, as far as I know, the government hasn't shed any workers. Meanwhile the private service has let a huger number of workers go, for a variety of reasons. Good for you if you are a public servant, however we are going to end up with a very unproductive society, top-heavy, if we have fewer productive workers and a relatively larger number of parasitic bureaucrats on top.

We are back in Indy

Regarding the Trump talk; I've thought for a while that if Trump gets a second term he will do a complete 180 on policies. I think the last 2 years have been geared towards re-election. If he gets in again, it's not as certain to me that money printer continues to go brrr like it has been, because the stock market (a re-election tool) is no longer as big a concern for him. I think if Biden wins there will be lots of brrr.

I may have to send Ash a copy of Trading Places so that he can get the hang of that shtick :-)

Ash, another great episode, but I think you are placing too much emphasis on permanent changes that will continue after the pandemic is under control. Things will have permanently changed to some extent , BUT people will desire shopping and dining locally and new entrepreneurs will dynamically fill the voids of businesses that have failed. We are a social people and will still want to eat and shop in our communities, although on-line retail will continue to grow. I am a 25 yr airline pilot and remember how dark the industry looked after 9/11 and people came out of the woodwork saying leisure and business travelers will never come back due to the security threats and hassle. Those travelers did come back and a decade later the greatest resurgence in airline travel and industry health was in full gear and surged for another ten years until this pandemic. Thing’s will morph and change, but our small businesses and city business districts will rebound. Thanks for all you do to educate and analyze our financial world !

There is only one answer to ending the pandemic. It's a 4 week complete lockdown like China did and testing everyone in a 100 mile radius if another case is found after. The proof for this method is simple when you think of this scenario: "Are we going to do this whole thing over again during the next pandemic? A year of on again off again restrictions, destroying the economy and terrible mental health - AGAIN". There will be another pandemic and the answer is to cut it off at the knees in the first month. We know vaccines take 1-2 years if they even happen. This half-way approach would never pass muster when the next coronavirus comes around.

Upvote for Trump, downvote for Biden

Great talk.

To be fair, dems have drafted major anti trust / controlling regulations of google/facebook/twitter if elected. For example, they will not be allowed to make M&As unless some socialists within a special steering group say so.

Upside = S&P 500

Ash and Ed, I think you were quite correct to both discuss COVID-19 as the real economic threat it has been and will continue to be. It has taken over 225,000 lives in the U.S. alone and will take many more. After almost eight months of economic devastation its legacy is far from over. The coming personal and company bankruptcies and the “excess deaths” related to a number of COVID triggered causes have all been very tragic and impactful. As we see in Europe and in parts of the U.S. today this is far from over. Many sources point to a vaccine next year, some even the middle of next year, but even if we were lucky enough to get a vaccine next week, the economic impact will continue until the average consumer personally feels both confident and comfortable enough to fully re-engage in the leisure and hospitality sectors and as well as other sectors of our economy. Valuations in commercial real estate in some areas are in decline, some very significantly. I believe this will pose some large issues for banks and other lenders over the next 12 months. I have no doubt that today’s large sell-off had many different reasons. We have a long slog ahead of us in our battle with COVID-19 and it will rightfully be the topic of the day for quite some time. COVID-19 will be driving the economic train until consumers and business leaders feel economically and physically safe.

I don't want to damage the competitiveness on large companies via anti trust regulation, however there needs to be something done about their shadow banning/policing of free speech.

I don't want to damage the competitiveness on large companies via anti trust regulation, however there needs to be something done about their shadow banning/policing of free speech.

I don't want alipay and wepay to dominate global payments. They are already being used heavily for tax avoidance outside of China. There is no KYC/AML/Tax avoidance compliance measures available to nations to enforce these payment networks.

I say get rid of as many old government cronies as possible, whenever possible, on both sides. They're just greedy, manipulative pigs feasting of the hardships of the American people and even worse, stifling the future of our future generations.

I've been writing about the signs of double-top on the .Dji, .NDX, and S&P since last week. Confirmed big time today.

as I said before, there won't be any stimulus this side of the elections and that will bring falls. Covid second wave in Europe and US will only amplify these falls so I expect more falls. Just my view.

I wanna say thank you ed for calling out the republican shift. It’s rare shift that only happens when democrats get in office. They say if you watch closely enough you can hear Paul Rand being pushed onto national television to scream about the deficit. Even rarer to spot is Paul Rand then voting to increase the deficit by a trillion dollars during the “best economy in history” . Republicans flip flop on if deficits matter depending on who’s in office. I agree it’s a problem but the people calling it out are doing so disingenuously

Shameful guys. Sorry but you used more fear mongering than any briefing I've listened to. Ed, we do know what is going to happen with the covid numbers. They aren't going to suddenly change after 7+ months. You can't have "spikes" once the economy has been opened for months. You all are very familiar with logarithmic charts. Do us all a favor and pull those up before you continue to push the covid fear agenda. It will be great when the election is over so you all can get back to opining on actual market / financial outcomes and not pushing covid fear. This talk may have worked in April and May, but not now. Markets are selling off because there is a massive event coming next week AND we have big tech earnings this week. Market knows a vaccine is around the corner. Market knows that tech earnings have peaked given covid. Shameful.

One day, you gentlemen will recite the Trading Places line perfectly. And all will be right with the world. Cheers.

fear-mongering session again, hehe

Hilarious hair dye comedy. Ed and Ash are young looking gentleman. I was shocked to hear that Ed had a college aged daughter. Macro must be good for the aging process.

As I'm watching this episode, I placed my order for deodorant - via Amazon (It will be delivered tomorrow). Times have changed.. I wouldn't have even considered doing that 12 months ago..