Going after one company that is very close to home we are closing to a working vaccine than you might think so says biotech expert here with us on this tuesday, september 22 this is cnbc. Good morning good afternoon good evening welcome wherever in the world you may be watching. It is a jam packed show today nasdaq futures with an implied open actually in the green this is all ahead of another downed day and major average the dow dropping another 500 points for the third day in a row. The first fourday losing streak since september. The nasdaq is on pace for the worst month since march. Index now down 8. 5 since the first. If we lose more than 10. 8 , it would be the worst monthly performance for the nasdaq worse than the march lockdown month. It looks like nelson may have nailed it. He sent out a note saying the nasdaq could fall 20 because it was just too overextended. Speaking of all of the stocks in the index, only 10 are higher in september they include zoom, seattle genetics, ali
Deutsche bank, jpmorgan chase, Standard Charter among the banking giants talking a brutal hit as an Investigative Reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. This is great kingpins. This as the death of Justice Ginsburg throws a wrench into the 2020 race. Could it interrupt passage of new stimulus money that desperate americans and Small Businesses are waiting for . Mark the numbers, Dow Jones Industrials at its low was down 942 points, right now were down 743. The s p at this moment down 70. The nasdaq sinking deeper into correction territory, down 131 points. All right. The s p, by the way, or got close but no cigar to correction territory. I know my bull watchers out there are pretty happy about that. Weve got team fox business coverage to tackle it all. Dick boy say on bovey, phil flynn on the surprise sectors popping and blake burman at the white house on the stimulus prospects and the search for Ruth Bader Ginsburgs replac
I see Energy Leading the way welcome just like tyler said, tech is lagging the Broader Market right now. You can look across the sector board behind me. Financials down only 1. 3 . Look at technology its the worst performer down 5. 6 today even as the nasdaq hit a record high yesterday, its not just the big cap tech stocks selling off. The momentum names have been struggling for a lot of this week already take a look at zoom. The stock is up nearly 500 this year the this amounting to a pretty big pause. Same story with tesla. Its down 18 . Finally docusign is down about 10 . About 8 today 10 in two days and it reports earnings after the bell. Well have more on that in a moment first, lets get to bob for more on this market sell off today. Bob. Youre right, kelly this is largely momentum driven. Not external news events around the economy or vaccines like that the news has been positive let me show you the momentum etf. These are the Largest Holdings in the momentum etf. Look at stuff t
The deadly terrorist attacks touching nearly all americans but none perhaps more so than Cantor Fitzgerald chairman and ceo who lost twothirds of his 960 new york employees that day, including his brother. Each year on this day, he brings in celebrities to raise millions for 9 11 charities but this year, we are going to talk to him about Going Digital due to another National Tragedy that has gripped the nation. Howard lutnick live coming up. But the coronavirus lockdown, not bad for everybody. Paying big rewards for one company, peloton. The shining star of the workout from home boom as fitness fanatics gobble up its connected bikes and digital workouts and treadmills. The ceo john foley is here on his crazy covid Quarterly Earnings and how to keep the rpms and momentum speeding along. Last nights nfl game has college fans asking football in december . Were about to ask the commissioner of the pac12. Less than an hour to the closing bell, lets start the claman countdown. Liz i want to
Both companies app stores. We will get into that. Check this one out. Joe biden calling for a nationwide mask mandate for all americans for three months, even if you are alone in the park. Then he takes no questions after announcing that plan. We will get into all of it for you and it is time for friday feedback which you still have time to send in your responses. Email us, varneyviewe varneyviewers foxbusiness. Com. We may read your email if you send it in now. An epic three hours ahead. David asman in for stuart varney. Varney company about to begin. David lets get a check of the markets and as you can see, the futures are down on the s p and the dow jones but up again on nasdaq. Meanwhile, its been 100 days since that march 23rd bear market low. Come in, ashley webster. Ash, we have seen a historic market reaction, a bounceback, right . Since hitting the lows on march 23rd . Ashley absolutely. Good morning to you. Since hitting those lows back in march, hundred day stretch going all