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Real Vision: Finance & Investing

Ash and Jack's Impromptu Briefing: DB- Dec15 , 2020

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 16 December 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

Senior editor Ash Bennington welcomes Real Vision’s Jack Farley, who is filling in for Dave Floyd. Jack and Ash break down the rising volumes of put option contracts on DoorDash, and the announcement that Blade Urban Air Mobility will go public in 2021 via a SPAC. Ash then provides his analysis on COVID-19 hospitalizations and Georgia’s elections. Lastly, Ash and Jack discuss big tech valuations and preview this week’s interviews. In the intro, Haley Draznin updates viewers on REITs and Congress’ stimulus progress. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to Real Vision.

0:13.0

It's Tuesday, December 15, 2020, just after market close in New York.

0:18.0

This is the Real Vision Daily Briefing.

0:21.0

I'm Ash Bennington, joined shortly Real visions Jack Farley, but first with

0:26.4

the day's stories, Haley Drasnan.

0:28.8

Hey Ash, Markets Edshire Tuesday as Congress gets closer to passing additional stimulus.

0:34.0

Right now it's a 748 billion dollar deal.

0:38.0

It's not the price tag originally proposed at 908 billion,

0:42.0

but they need something to pass before the holidays.

0:45.3

The markets are still digesting vaccine news and getting the continued support from

0:50.0

Central Banks, so we will see Stocks rally and corporate bonds extend into 2021.

0:56.0

What stood out to me today, some of the worst performing real estate stocks this year

1:01.0

are finally having their moment. Real estate of course has been

1:04.5

beaten down but stands to benefit from the economy's eventual reopening.

1:09.1

Share prices for hotels, retail, and offices jumped more than a third and have held those

1:15.6

gains since November 9th, the day when Pfizer and Bio-Entech announced their promising

1:21.4

vaccine results.

1:22.5

The FTSC Nari Equity Lodging Resource Index

1:26.6

has soared 49 percent,

1:28.8

while the regional malls and shopping centers

1:31.6

REIT indexes are each up more than 40% since the vaccine

1:36.0

announcement. Those returns made these real estate investment trusts two of the

...

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