Merkel is said to have warned germany could exceed 19,000 cases in a day. Trump and Joe Biden Square off in the first president ial debate tonight. Bloomberg television and radio will have special coverage and analysis on the headtohead. 6 00 a. M. In london, 7 00 a. M. In frankfurt and 9 00 a. M. In the difc. Differencell it make to markets who wins technically . Tell you what is questionable, who is the greatest of them all . Slightly schizophrenic in the equity market but do you want to walk naked for the next 30 days into an election and be short the dollar . We will take a look at the dollar. Kitties is the carry trade getting unpacked. The short dollar by the e. M. Buy the em. This is the biggest losing trade out there. Bmp into the election, high vol, there will be a better opportunity. The fx carry trade is down nearly 3 this quarter, adding to the dollar. Do you walk naked into the woods into a u. S. Election with no dollars around your neck . Lets talk about the markets, the
South of San Francisco. Gilroy Police Say Three people were killed in addition to the gunman and at least 11 people injured. A chief scott smithy telling reporters overnight that officers confronted the shooter almost immediately. Officers were in that area and engaged the suspect in less than a minute. The suspect was shot and killed. We had many, many officers in the park at the time that this occurred, as we do any day during festival, which accounts for the very, very Quick Response time. Smithy says witnesses reported a second attacker but he said its unclear what role that person might have played. Cnns monitoring developments from los angeles. He joins us live. What do we know . Reporter we do not have confirmation that there was a second attacker. This is still an active investigation. Gilroy police saying there is a pause in their social media postings. Well have to wait until later in the morning until we hear more, but lets hear what the police chief had to say when alluding
it s 4:00 in the morning here in new york and we re expecting a mixed open as of now, of course, but we have a couple more hours. dow futures are up at this hour about 10 above fair value right now. nasdaq futures are also slightly higher and s&p 500 futures higher, as well. this is after we ended down 58 points on the dow yesterday, but we did come off our lows. volatility is another issue. we gained 4.5% on the vix yesterday. but of course, christine, we re looking ahead to retail sales. we re looking ahead to the jobless claims which are, of course, a precursor to the big jobs report coming up tomorrow. joining us is our guest host for the next hour to talk about all these issues. stuart shrimpton, director of intelligence investments. we seem to be seeing things intensify in the equity markets today. how real is this threat of global contagion in the markets we re worrying about? we re seeing the contagion spread a little bit. but i think what you have to really look
welcome to the headlines today. here in asia, we re watching chinese consumer inflation hitting a 60-month high spurring more talk of currency hiring. here in europe, bp pays for devon assets. here in the united states, new restrictions on hedge funds could tighten tensions in washington. hello and welcome to cnbc s worldwide exchange. great news today, nicole is not in the states. here i am. we both have looked and each other has legs. it s very exciting. right. anyway, great to have you here. we re two hours into the trading day right now as far as europe is concerned. and markets are just nudging down a little bit. the ftse 100 down 0.3%. the xetra dax, cac 40 and smi all down slightly. nicole was in the united states yesterday. we had a 19-month high of 1150. we had techs leading and financials leading, as well. dow futures look like they are down about 10 below fair value at this hour. nasdaq futures are slightly lower and s&p 500 futures are lower. chris
i m christine tan. in asia, japan stocks reverse earlier losses to end higher while china s dollar denominated b-shares stage a sharp rebound. so i m ross westgate in europe. we re waiting for 10,000 jobs to go while gm unveils it s restructuring plan later. and i m matt nesto. investors will fill their plates with economic data and maybe a little gravy, as well. turkey and all the trimmings coming up stateside. right now, welcome to cnbc s worldwide exchange. global equities are firmer. the ftse cnbc global 300 currently up 24 points. european stocks one hour into the trading day, we re in positive territory. we have gains around .5%. the cac 40 up 0.6% at the moment. we have seen gold prices hitting a record high. metals prices are firmer. that is boosting the basic resource sector. media is up a bit, as well. insurance and auto. on the currency markets with the dollar has been down near a seven-week low. the aussie/dollar has been up, as well b after central bankers