Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
A pandemic as the number of cases continues to rise. An explosion kills at least 8 people and injures more than 100 others at a Religious School in pakistan. Calls for Peaceful Elections in tanzania off the violence and the arrest of an Opposition Leader in zanzibar. Welcome to the news hour well its of course exactly a week to go before the election in the United States donald trump and joe biden is spending choose day crisscrossing the country in an intense day of campaigning National Polls are giving democratic contender biden a solid lead but its a lot tighter in some of those crucial battleground states of course the coronavirus pandemic has continued to overshadow the campaigning President Trump is holding 3 mass rallies on tuesday again downplaying the impact of the pandemic hes been attempting to shift the focus on to the economy. Its troubling the number one region that observe the year because of through return that a room. 70 were going to read the great state of. Arizona yo
Million. And beyond meat, those shares are down sharply amid slowing sales, while mcdonalds launches a new plantbased product line carl well get to that later, guys first, jim, a lot to unpack with the covid cases, pfizer news, lilly news today, azar on squawk saying the timeline for a vaccine delivery is getting pretty specific now. Right look, were back in that same world and i listened to the fund manager speak on squawk, got to buy value and sell growth where were they yesterday whenle have you went from being okay to being overvalued in about a threehour session i find that when i look at some of the stocks that i like in the industrials, they have gone so far that i think now everything has to happen right and these arent going to happen righting. They are hostage to earnings Cloud Computing stocks, they have a lot of room to go down because theyre so high. When you look at faang, for instance, does it make it so alphabet is worth less the principle method of how alphabet makes i
1000 miles apart. Donald trump and joe biden fight for air in competing town halls. Americans had to the polls and 18 days. Boris johnson said to decide whether to ditch brexit trade talks. And daimler gets in gear. The carmaker reports a 3 billion 3 billion euro profit as cost cuts filter through. Just under an hour away from the start of cash trading. Car sales european out. They gained 1. 1 for the first nine months. Sales, upropean car for the first three quarters of the year. 1. 1 . Lets take a look at what is going on. European car registration, clearly 20 20 has been a tough year. One a look at what is going we have ftseutures filler cheers futures up 0. 8 . Tax futures gaining about 0. 5 . Futures the picture is more mixed. Showing a lot less sized. Futures are. Ractionally down futures flat. We have been more negative. Asian equity markets look seen looking mixed. Are we in a consolidation phase for setting ourselves up for some selling . You have the election coming. That is
Cluster is the Health Department had to find a cluster is 3 or more cases in a given location over a 2 week period now there are 4 new clusters a total of 33 people have tested positive for coronavirus all or costco employees. Lets take a look at the video and that will start off in sunnyvale where the Health Department had confirmed that the costco location there on sunday bill station in sunnyvale ahead 9 confirmed cases as of yesterday. Well it turns out there are 13 cases. We heard from the kron 4 news viewer about a handful of possible cases at the gilroy costco turns up that jet that viewer is correct. There are 6 confirmed cases in gilroy lets take a look at a graphic in well break down all of these cases for you beginning in Mountain View where this first started to turn up back in the middle of the month july 15th in the 27th. In Mountain View 6 cases confirmed at that costco jump ahead to san jose the center road store now 8 cases between july 17th and the 22nd. At sunny vill