Change the outcome . Matthew whitaker in that. Bill barr is looking into election irregularities. I will ask former utah congressman Jason Chaffetz why it is so important to let the Legal Process continue. All that and so much more on making money. Charles so the stock market had been all about the have and havenots for couple years. More so this year with the work at home stocks taking off like into outer space but now tech source that sorely underperformed are surging, and doing it with the kind of vigor we normally associate with megagrowth stocks. The nasdaq came into the session up more than 30 for the year. Since october the story has been the small cap names. Russell has gone from the worse to the first, from worst to first over that short period of time. Many investor are saying stop the crazy stock market. I want to get off. Should they instead rotate into the beaten down names instead . Lets ask bny alicia left convening, Michelle Snyder and bellpointe chief strategist, david
Through for the United States at 57. 8. The previous number, 56. 9. The survey, 56. 2. We have a easily beaten expectations on this number, but the details are important. Lets dig into the details with bloombergs mike mckee. Michael important to realize this is a diffusion index that basically asks companies, what are things like this month compared to last month. There is a bit of an improvement. The level of improvement has slowed some. But that is a reasonably good number because we see business activity, which is sort of the same of production in the manufacturing index, up to 63 from 62. 4, and new orders up. Again, this compares with the last month. We were at very low levels, so the fact that things are expanding doesnt mean we are back to where we were. It just means that things are gradually Getting Better. The one thing everyone has been watching his employment. This report comes out too late to influence everybodys view on what the payroll report was like for august for sept
A beautiful new york today. Good morning in washington boston. Early good morning out in san francisco, to all of you across this nation on sirius xm. We also say good morning to anna edwards in london. Why are we doing this . It is august. Ferro is off. From whats is off abramowitz is off. I said, i want anna edwards, and here she is. I am going to go optimism here with bob doll any moment, with home depot and walmart and all that. Explain to our american audience the place of Marks Spencer in the United Kingdom psychology, and what it means that one in 10 bodies will be shown the door. This isnt necessarily a very optimistic way to start the hour, but Marks Spencer, a huge retailer that was on every high street in the u. K. It is going to be getting rid of one in 10 of its staff, mostly through retirements and the like, but it is not just about covid19. This is a secular trend that has been affecting the retailers. Not only do they have to deal with the fact that a lot of their custo
Points and the s p is relatively flat weve been watching what is happening in the treasury market and we take a look now, well see the 10year yield, at this point, seems to be sitting at 0. 655 andrew, over to you. Just out in the last half hour, the Biden Campaign releasing a new jobs plan. Kayla joins us with more its 700 billion, kayla yes it is stemming from a 110page policy document that is essentially emerging of the left and moderate ring priorities inside the Democratic Party. It was produced. I the Campaign Said it will create millions of goodpaying jobs and reinforces some policy commitments as well as jot lining new programs that a Democratic Administration would push for including a 15 federal minimum wage, mandate for 12 weeks paid family leave, universal prek for 3 and 4yearolds and payment platforms for lowincome americans run by the federal reserve. Democrats say a Public Credit Reporting Agency is needed to provide transparent alternatives to the private sector. There
It is not over. It is just beginning the days are long right now. We are going to take that. Im becky quick along with joe kernen and Andrew Ross Sorkin. We are sitting at the flat line. Dow down about 7 or 8 and nasdaq up by about 13 yesterday, the dow was down 710 points a decline of 2. 7 s p off 2. 6. Came with huge steep declines going as smoothly as people had hoped. All of those concerns added up to steep losses. Looking at the treasury yield at 0. 669 now you see additional pressure as we continue to watch that case count talking about that, the United States seeing a Record Number of new coronavirus cases in a single day. Tallyi tallying 45,000300 that tops the numbers from april reporting that visitors that travel from hot spots to new york, new jersey to connecticut will be asked to quarantine two weeks. Those who defy that order. Hot spots include arizona, utah, texas, arkansas, alabama, north and South Carolina President Trump says he will not follow the quarantine order wh