The in. The in the evening. Youre watching aljazeera a reminder of our top story this hour in the u. S. Elections democratic nominee joe biden is pulling ahead in the race for the white house is now one the state of michigan giving him 264 Electoral College votes just 6 shy of the 270 required earlier biden said he was confident of securing enough states to win the presidency but the campaign has filed lawsuits to stop vote counting in michigan and pennsylvania while calling for a recount in wisconsin and its also looking to intervene in a Supreme Court case to stop pennsylvania counting votes up to 3 days after the election the count of absentee ballots continues in battleground states like pennsylvania georgia and arizona its a tight race in nevada where biden has a narrow lead with 86 percent of the votes tallied so far. And this is how those results look on the map with wisconsin and michigan now in this state still in play are here in yellow georgia North Carolina nevada and penns
Bring him says he has the backing to topple the Prime Minister and form a new government. And thousands displaced and villages destroyed now fears that the floods in sudan could trigger a food crisis. And im lee harvey with all of your sports news tokyo its a one pick organizers are meeting with japans new government and the n. B. A. Playoffs the comeback is on yet again for the Denver Nuggets as they beat away at least. 2 weeks off to europes largest refugee camp was destroyed by fire the European Union is set to unveil a new plan on how it deals with the 10s of thousands of people searching for a new life the current rules have seen a disproportionate burden on mediterranean nations such as lol to italy and greece the u. N. Says the news efforts so far have often led to devastating human. Consequences we havent. Been meeting from paris but decades in the greek island of lesbos where thousands of refugees a stranded. People there how closely are they watching the outcome of this meeti
Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
Shocking news, an outspoken founder leaving the company. And beta bearing down on the gulf coast as they brace for another storm. This is Worldwide Exchange right here on cnbc good morning, good afternoon and good evening thank you for joining us to start your week and lets get a check on your monday money and its looking like the sell off we have seen recently. Its early but stock futures are down 500 on the dow. Nearly 200 on the nasdaq theres a ton of news out there today. Well get to all of it in a moment but theres two big and important things happening that you have to Pay Attention to right now. Number one, the s p 500 has fallen three weeks in a rowand it just flows below its 50 Day Moving Average for the First Time Since april two, the biggest stocks are beginning to underperform. Some of them meaningfully. Take a look at these the s p 500 dropped 5 this month. But the biggest tech names, names that you know, theyre down 11, 12, 13 apple, down 19 in the month of september. Rem
The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract