THIS WEEK. SO WHY HAVE MARKETS
ARE MOVING THIS MORNING WE'RE
JOINED BY GEOFFREY WIENER CHAIR
AND CEO AT MARKHAM JEFFREY IT'S
GOING TO SEE THIS MORNING.
IT'S BEEN A WHILE BUT THANK YOU
FOR JOINING. SO INVESTORS STILL
SEEING SOMEONE BULLISH THAT
STIMULUS IS GOING TO COME AND
BE INJECTED INTO THIS ECONOMY
ARE YOU BULLISH AND HOW DO YOU
THINK THE MARKET REACT.
>> YEAH, WE'LL GET MORE
PERSONAL GOOD MORNING CHRISTA
NICE TO SEE YOU. I THINK THE
MARKET IS REACTING DOMESTICALLY
THE MARKET IS
ALWAYS FORWARD THAT IN AND
CERTAINLY ANY KIND OF STIMULUS
THAT PUTS MONEY IN PEOPLE'S
POCKETS TO SPEND ALSO HELPS
PROP FAILING BUSINESSES LIKE
RESTAURANTS AND AIRLINES AND
TRAVEL AND LEISURE IT IS
CERTAINLY A HELP TO THE
ECONOMY.
>> YOU KNOW THE BIG THING IS
EARNINGS THIS WEEK GUYS SET TO
KICK OFF WE'RE GOING HEAR FROM
THE BIGGEST TECH COMPANIES OUT
THERE COULD BE A MARKET MOVING
EVENT FOR THE MAJOR INDEXES ARE
YOU ANTICIPATING THAT SOME OF
THE RECENT GAINS THAT WE'VE
SEEN IN THE NASDAQ IN THESE
TECH NAMES CANCUN CAN YOU OR
DOES THIS BECOME US A SELL THE
NEWS EVENT.
>> I DON'T KNOW IF IT'S GOING
TO SELL THE NEWS EVENT. BUT I
THINK THE EARNINGS ARE GOING TO
CONTINUE, YOU KNOW CERTAINLY
THE PANDEMIC HAS
CREATED A YOU KNOW WHAT
INCREASED THE MARKET FOR
ANYTHING YOU CAN DO AT HOME
WITHOUT GOING OUT OF YOUR HOUSE
SO I THINK THAT'S WHY WE'RE
SEEING
ALL THESE. THAT
REALLY EXPLODE PEOPLE HAVE
NOTHING ELSE TO DO THERE IS NO
OF THE TYPE OF ENTERTAINMENT
AVAILABLE. SO PEOPLE ARE USING
THEIR DOUBLE I SAYS AND WHETHER
WEATHER IT'S GAMING WHETHER
IT'S SHOPPING. WHETHER
IT'S ALL THAT ALTERNATIVE
REALITY PEOPLE REALLY ARE USING
DEVICES INSTEAD OF GOING OUT OF
THEIR HOUSES FOR THE MOST PART.
>> STILL IN SOME OF THESE
TECHNOLOGY NAMES JEFFREY I
THINK THE EXPECTATION WITH A
NEW STIMULUS PACKAGE FROM JOE
BIDEN WOULD BE THAT WE'D START
TO SEE SOME OF THE GAMES
BROUGHT IN.
>> OUT WHICH OVERALL WOULD BE
HEALTHY FOR THE STOCK MARKET AS
A WHOLE THAT SOME OF THESE
BANKS TAX ENERGY STAGS
INFRASTRUCTURE, STOCKS
MATERIALS AND INDUSTRIAL STOCKS
WOULD BENEFIT FROM THAT DO YOU
AGREE WITH THAT.
>> I THINK THE STIMULUS A
STIMULUS PACKAGE WILL BE GOOD
MEMBER THERE ARE CERTAIN
SEGMENTS OF
THE ECONOMY THAT HAVE BEEN
CLOSED DOWN FOR ITS GOING ON A
YEAR NOW
OTHER OTHER PARTS OF THE
ECONOMY AREN'T DOING AS.
WELL WHILE THERE'S THE OTHER
AND THE ECONOMY THAT THAT
SURGING SO I THINK STIMULUS
CERTAINLY
FOR THOSE.
>> PEOPLE OUT OF WORK WITH
THOSE PEOPLE WHO'VE BEEN WITH
THOSE INDUSTRIES LIKE I SAID
BEFORE RESTAURANTS TRAVEL
LEGION THAT HAVE JUST BEEN
BATTERED CERTAINLY HAVE TO HELP
HAVING MORE MONEY IN THE SYSTEM
THAT WE STARTED IN THE SHORT
TERM.
>> AS I'M NOT SURE HOW CLOSELY
YOU FLY MEANS STACKS JEFFREY
BUT WE GOT TO TALK ABOUT THAT
BECAUSE WE KNOW DAY TRADERS
RETAIL TRADERS NOW MAKING UP
ABOUT 20% OF THE OVERALL STOCK
MARKET ACCORDING TO A
RECENT STAT AND SOME OF THESE
MEAN STOCKS LIKE GAMESTOP FOR
INSTANCE WILL PULL UP THAT
STOCK ACT SO LOU, ONLY STORY
AND THERE'S BEEN A LOT ACTION
ON THE SUBREDDIT WALL STREET
BEDS FOR GETTING STOPS STOCK.
I DON'T KNOW IF YOU SEE SOME OF
THIS
ACTIVITY HAVE BEING ONLINE ON
OR IF YOU HAVE A PARTICULAR
OPINION ON GAME STOP
A PURSE. BUT IT DOES SEEM AS IF
THIS IS A PERFECT EXAMPLE THAT
THE DAY TRADER DOES HAVE POWER
THESE DAYS WHAT DO YOU THINK.
>> STREAM OF THAT THEY TRADE IT
DOES HAVE POWER
YOU KNOW SHOULD SOME TRENDS
CERTAINLY HAVE OUR IT'S A
CYCLE. THE QUESTION IS HOW LONG
WILL IT LAST NIGHT NIGHT I
THINK IS PROBABLY A SHORT TERM
SIDE. BUT YOU KNOW AGAIN
PEOPLE HAVE NOTHING ELSE TO DO
YOU KNOW IT'S IT'S IN 2 WEEKS
FOR THE SUPER BOWL. THE
SUPER BOWL. WHAT ELSE ARE
PEOPLE GOING TO DO IT AND YOU
DON'T HAVE ANY PICTURES CAN YOU
TAKE WITH BERNIE SANDERS IN HIS
MITTENS.
>> I DO THINK THAT'S A GOOD
POINT EVEN THOUGH WE KNOW
AT THIS THINGS RIGHT CAN SEND
PEOPLE INTO A FRENZY THESE DAYS
BECAUSE WE'RE ALL COOPED UP IN
OUR HOMES WITH THESE
LOCKDOWNS CONTINUING. I MEAN
WHILE THE DAVOS ECONOMIC FORUM
IS UNDER WAY IT'S A VIRTUAL
EVENT THIS YEAR. WE DON'T SEE
GLOBAL ILLUMINATI DESCENDING ON
IN DOUBT PLUS WITH STERLING PER
SE JEFFREY. IT WAS INTERESTING
THAT CHINA'S PRESIDENT XI
JINGPING GIVING THE
OPENING REMARKS SEND AND
CALLING FOR AN INCLUSIVE
ENVIRONMENT AROUND THE WORLD
GOING SOME STATEMENTS THAT WE
HEARD FROM HIM SEVERAL YEARS
AGO. AT DAVOS ON COMES AT THE
SAME TIME AT THE WALL STREET
JOURNAL WITH THE HEADLINE STORY
THIS MORNING THAT MORE FOREIGN
DIRECT INVESTMENT IS GOING INTO
CHINA THAT IS COMING HERE INTO
THE U.S. EXPLAIN
EXPLAIN THIS WHETHER OR NOT THE
SCORING FOREIGN STOCKS,
EMERGING MARKET, STOCKS TRADED
OTHER DEVELOPED COUNTRIES TO
LOOK MORE ATTRACTIVE THAN SOME
OF THE U.S. STOCKS.
>> WELL THE MATURE THEY LOOK
MORE ATTRACTIVE AND APPLE, YOU
KNOW ONE OF THE THINGS THAT WE
HAVE TO REMEMBER IS THAT IT'S
REALLY DEVELOPED
ECONOMY AND IF THE IF THE U.S.
AND CHINA CAN'T FIGURE OUT HOW
TO TRADE WITH EACH OTHER TRYING
TO TRADE WITH THE REST OF
THE WORLD. SO YOU KNOW THE U.S.
DOESN'T HAVE THE LEVERAGE THEN
SOME I THINK I MEAN YOU KNOW WE
CAN'T GIVE AWAY THE STORE
TO CHINA. BUT IF WE THINK IF WE
STOP TRADING WITH CHINA THEIR
ECONOMIES GOING CRUMBLE WE'RE
KIDDING OURSELVES. I MEAN THEY
HAVE A VERY DEVELOPED.
IF THEY IF THEY CAN TRADE WITH
US THERE'S A LOT OF OTHER
COUNTRIES AROUND THE WORLD THAT
WILL TRADE
WITH THEM. SO I DON'T THINK
IT'S IN OUR BEST INTEREST THAT
TOTALLY DISENFRANCHISED CHINA.
WELL AT THE SAME TIME WE HAVE
TO BE CAREFUL OF THEM STEALING
OUR INTELLECTUAL PROPERTY AND
TRADE SECRETS. IT'S A IT'S A
VERY DIFFICULT BALANCING ADD TO
ADMINISTER THAT I HAVE TO WALK.
>> I GOT TO ASK YOU ABOUT
ANOTHER BET I JEFFREY USUALLY
SEE DOWN ON THE FLOOR OF THE
NEW YORK STOCK EXCHANGE, BUT IT
LOOKS LIKE YOU MAKE YOUR WAY TO
WEST
PALM BEACH. IS THAT IS THAT A
NEW HOME FOR YOU ARE YOU GOING
TO BE RETURNING TO NEW YORK.
>> I HOPE SO YOU KNOW THE
PANDEMIC HAS BEEN TOUGH I HAVE
3 SCHOOL AGE CHILDREN. AFTER
CHRISTMAS WE SAW WHAT WAS
HAPPENING WITH THAT PANDEMIC
AND WE
DECIDED THAT THEY COULD GO TO
SCHOOL REMOTELY WHICH HAS BEEN
VERY EFFECTIVE. BUT YOU
KNOW THAT THIS KEEPS URGING AS
A MATTER OF FACT ONE OF MY
DAUGHTER'S CLASSES. AT AN
OUTBREAK WHILE SHE WASN'T
IN IT. MY WIFE AND I STRUGGLE
EVERY WEEK WE KEEP PUSHING BACK
OUR AIRPLANE RESERVATIONS ABOUT
THE WEEK TO COME BACK SO.
WE'D LIKE TO COME BACK, BUT YOU
KNOW QUITE FRANKLY THIS TIME OF
YEAR DOWN IN FLORIDA. MY KIDS
CAN BE OUTSIDE AFTER GOING US
FOR BOTH THE THEY CAN
GO SWIMMING. THEY CAN PLAY
GOLF. THEY CAN PLAY TENNIS.
THEY CAN WRITE BICYCLES YOU
KNOW WE LIVE IN NEW YORK CITY
I WOKE UP YESTERDAY MORNING AND
THE WEATHER WAS 22.
>> BREES AND IT WAS 70 HERE
IN WEST.
>> PALM BEACH. AT LEAST FOR THE
TIME BEING WE'RE MANAGING BUT.
I THINK WE'D LIKE TO SEE THE
NUMBERS START TO HEAD DOWN
BEFORE WE GO
BACK AND. SUBJECT TO FAMILY TO
POSSIBLY GET ABOUT KIDS
GETTING SICK.
>> SCHOOL WELL JEFFREY AS WE'RE
SPEAKING NOW WE DO SEE THAT THE
NASDAQ HAS OPEN AT
A RECORD HI AND GAMESTOP'S
STOCK HAS ACTUALLY BEEN HALTED
HERE AT THE NEW YORK STOCK
EXCHANGE BECAUSE OF THE
MASSIVE MOVE AT THAT WE SEE IN
IT WHAT IS YOUR LONG-TERM VIEW
IN 2021. DO YOU THINK
THESE INDEXES WE'LL BE LOOKING
AT SINGLE DIGIT GAMES OR IS
THIS POTENTIALLY ANOTHER
BLOCKBUSTER YEAR LIKE WE SAW
LAST YEAR.
>> THAT'S A TOUGH ONE THE
MARKET IS AT SUCH LEVELS YOU
KNOW WITH THAT.
>> THE.
>> THE MONEY IS CHASING RETURNS
BECAUSE INTEREST RATES ARE WOW
AND MOST OF THAT INVESTMENT.
>> IN THE BANK AND DON'T SEE
ANYTHING APPEALING. HOWEVER,
YOU KNOW THAT THIS STIMULUS THE
DEAL WITH THIS DEFICIT TO DEAL
WITH THIS TAX POLICY THAT DEAL
WITH SO YOU KNOW THAT THE TRUMP
ADMINISTRATION WAS VERY GOOD
FOR FOR THOSE PEOPLE INVESTED
IN STOCKS. I'M SURE THE BIDEN
ADMINISTRATION HAS A LOT OF
PROBLEMS TO FIX OVER THE NEXT
CERTAINLY 12 MONTHS BUT AS LONG
AS INTEREST RATES STAY LOW.
THE MONEY IS JUST CHASING
RETURNS SO IT IS LONG AS WE CAN
KEEP IT IF WE CAN MANAGE TO
KEEP INTEREST RATES LOW.