12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
Or highs just yesterday alone. Bit of a pullback today. As for the nasdaq, yeah, it closed above 12,000. There was a massive runup in tech stocks again, a pullback is to be expected, and take a look at that, thats what weve got. Got it. Next, vaccine news. Very positive. The centers for Disease Control is telling states to get ready for Vaccine Distribution on a large scale come november the 1st. Which vaccine . Dont know, but this is a firm date and, of course, its right before the election. And it is exactly two months to the election, and the two campaigns are in high gear. Joe biden has reversed himself. He will travel to kenosha today. He said he wouldnt go, now he is going to be the comforter in chief. What will he say to the burnedout Business Owners . President trump goes to pennsylvania. Hell speak at Arnold Palmer airport just east of pittsburgh. Ive got a feeling hell talk about fracking. Stay with us, please. Youve got to say what Speaker Pelosi is saying about her break th
You are probably the busiest person on the planet. I just wanted to say what an honor it is for us. Secretary esper has been secretary of defense for the past year. He was previously secretary of the army and a very distinguished record of Public Service having served active duty after graduation from west point 10 years and then the reserve for 11 years. We are looking forward to a good conversation. I think you have met the moderator before. He is a mutual friend, dave mccormick, the ceo of bridgewater associates. He also has a distinguished career as undersecretary secretary of the treasury and undersecretary of commerce. Dave and i worked together in the george w. Bush administration in those roles. Dave is also a graduate of west point. Nothing euro secretary esper, but they were at west point at the same point. Dave, i will turn this over to you. Thank you, nick. Secretary esper, thank you for joining us today. It is great to see you. Nick forgot to mention you were born and grew
Charlie breaks it for us this hour. Plus, could the tiktok saga be distracting from an even bigger china stock drama . In a countdown exclusive, one of the markets best known and feared short sellers, Citron Research founder andrew left reveals the stock he says is the biggest fraud right now in that country and whether shopify will really add stamp. Com to its cart bus he plus the names hes long on today. The ceo of the second largest gold miner in the world is here. And blitzing covid19 fears. The former nfler whose wildly popular masks he was making way before the pandemic, now has the cdc saying touchdown. Your masks score. By the way, we have some breaking news on a report that the big ten has now canceled its football season. We will ask our nfler about that. He played for the s. E. C. Plus, buffett goes big on berkshire and the latest from chicago where looters are targeting the miracle mile. Lets start the claman countdown. Liz and yes, we need to take you to chicago right now.