The u. S. Has already delivered , but jayscal support powell says the economy still has a long way to go. Early doors. Bars and restaurants in the u. K. Ine crackdown amid a surge the virus. Boris johnson is set to announce new restrictions today. Just gone 6 00 a. M. In london, annmarie, you mentioned that yesterday had the potential for new restrictions and it would be delivered. It is official. At 10 00 p. M. Annmarie thats going to be it for pubs and restaurants. P. M. Ave to leave by 10 00 Boris Johnson set to sound the alarm on this today. I do think its as loud as an alarm as many expected. Im in bed well before 10 00 p. M. I dont think this will change a lot of peoples habits, but it is a start of potential restrictions as we do have that are rate increasing in the United Kingdom. I watched a number of challenges yesterday afternoon. Ands about tests and traits the robustness of the testing system. In dubai we are able to walk out the door within 16 minutes of the hype i can pi
The u. S. Cases approaching seven million. A new round of stimulus remains a major question mark in washington weve got 59 minutes left of trade for this week. Were up 2 for the nasdaq its been a roller coaster of a day. Coming up, well ask the billionaire investor where he is finding opportunities amid the renewed volatility on wall street well get his thoughts on the red hot ipo market and, of course, the spac craze the plus, former National Security adviser mcmaster will join us to discuss the latest news on tiktok and simmering tech cold war with china well talk about the many battlegrounds for the United States and to mcmasters new book which is out this week. Lets get straight to the big stories. Mike santoli is tracking all of the market action. Julia has new developments in the tiktok saga. Josh lipton is covering more on the facebook fight mike, start us off on the Broader Market thank you very much we have a little bit of follow on rally here in the afternoon we have a little
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu
Today, Senate Majority leader Mitch Mcconnell said he will take any nominee to the senate floor for a vote. First, i will talk about the markets moves of the day. Abigail doolittle is with us from new york. Abigail a volatile one. You cant go a day without massive swings in the u. S. Sharply lower. The nasdaq at the lows, down 2. 4 . The s p 500, down 3 . At the end of the day, the nasdaq 100, what a turnaround. Led by the mecca cap faang index. The tech index for the s p 500 up about the same amount. In the morning, it did seem like there were some buyers looking. Apple, up 3 . You saw that stock leading another mega cap higher. Confidence as the day went on. Bonds did not rally all that much. The yen was flat. It was not really risk off this morning as a result. Very interesting, one reason to think that they be the buying think that maybe the buying will continue. Ign, all thesecus stocks started out the day lower. Big gains for those stocks. On thers wanting in stocks up huge amoun
Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t