Falling back boeing is providing an advance for the dow inlyft customers cancelling orders this year in light of the pandemic. It is up 5 as we speak, 59 minutes left on this session coming up, kyle bass will be with us to talk about the Election Results and how president elect biden will navigate americas complicated relationship with china. Plus an interview you will not want to miss we will hear from carlos ghosn whose scrape from japan to lebanon Drew International attention. We will hear his side of the story,i his thoughts on what will happen to his former colleague and the men who helped him pull off his escape. Lets get straight to thesters we are watching mike santoli tracking the Market Action josh lip ton with the highlights from todays afternoon apple evenly joining us to talk about apple and the broader tech selloff is dan ives mike santoli tell bus the trend. Into value out of growth, into small out of large, and really out of defensive into cyclical thats been the team t
Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
To,h mcconnell doesnt want nancy pelosi and Steve Mnuchin do. They dont see much closer. I think theres a political question underpinning the market, are people secondguessing their dismissal of a contested election. Interferencee raised yesterday, possibly increasing the chances of a messy elections these in election season. Jonathan may become im just not going to get excited on an 11 point move on the s p 500. Lisa we could try. Jonathan heres what we look like on my heels coming down a basis point. 118, we have replaced this weakness with Dollar Strength in much of g10. Johnhe news overnight, ratcliffe saying that iran and russia are meddling in the United States election. Heres the u. S. Director of national intelligence. That some confirmed Voter Registration information has been obtained by iran, and separately by russia. This data could be used by foreign actors to attempt to communicate false information to register voters. Jonathan John Ratcliffe on attempts on iran and russi
Down their control the original hotspots in the north and northeast of the country but new hotspots have come up since in the south and central west of brazil its a very big country very difficult to control plus we know all the political issues going on with the president they are minimizing the effects of the virus florida has overtaken new york as the 2nd worst hit state by coronavirus more than 9000 new cases were reported there on sunday taking the total to more than 423000 officers how does the castro has more. Thats a dire situation across the vast majority of states in fact in 40 states the per capita infection rate has gone up in this past week with 18 states breaking new records as far as the number of infections and the number of deaths florida is now one of the epicenters now surpassing new york in the number of infections reporting 10000 new day daily cases and were looking at texas as well another state that reopened early in this pandemic only for its governor to reverse
Coronavirus cases. And remembering the korean war the self commemorates Armistice Day despite the relations with its northern neighbor. Will begin in the philippines where hundreds of protesters are gathering in the capital ahead of president roderigo to tertius annual state of the nation address the rally is taking place at the university of the philippines protests outside congress a band thats where to turn table speak in the coming hours hes expected to lay out his plans for the coming year the president has been criticized for his handling of the pandemic and for a new law which gives police sweeping palls to wrestle specs without warrant or a charge. Or more lets cross live now to jim miller of bogun who is covering those protests in manila you may know what situation there where you are. Well 8 kim i am inside the university of the philippines the biggest the university in the country where protests are being held this is about a few kilometers away from the Philippine Congress