Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Claus story, but i read it with such urgency. Essential workers. Yes, exactly. Santa, top of the list this year. But before santa is halloween. Weve got a story on halloween coming up, because you guys know i love it. And skunks, because we all love that scent. Dont forget one more thing, the election too. You keep reminding me of that election. Lets go ahead and jump right in. We begin with the white house juggling yet another coronavirus outbreak, this time linked to the Vice President s office. But the Vice President is continuing to hold rallies as both campaigns make a final push for the most crucial battleground states. Theres word that First Lady Melania Trump will hit the campaign trail this week. Americans are voting early in record numbers with nearly 60 million ballots already cast. Mr. Vice president , why are you still traveling . Despite a small slip while coming off air force two and a covid outbreak in his inner circle this weekend, Vice President mike pence shows no si
Six russian Intelligence Officers are charged in paszek attacks. Our u. S. In past tech attacks. Our u. S. Elections at risk . Fake reviews are spiking. How the ecommerce giant is running damage control ahead of an unprecedented holiday season. Stocks falling amid no stimulus plan on l. Senate Majority Leader Mitch Mcconnell saying he would bring a vote to the floor tomorrow or wednesday. Democratic new york senator Chuck Schumer says the republican plan is unacceptable with key parts of the economy slowing down and no end to the pandemic insight, what is investor appetite. All of that against the backdrop of these stimulus issues. Not so good. Abigail so good, and not a great day for wall street either in anticipation of difficulties here. After the close, futures right now. It will be interesting to see right now if there is any reaction. The s p 500 index in the premarket, up about half a percent. Big tech getting hit even more. Investors wanting out of those names such as apple, am
Gaming stocks load why . Plus Cyber Security from palantir making a big splash in its public debut and later on, your call of the day. One top analyst says that stock right there is one of the best growth stories in retail you know what it is . No, you dont. Maybe you do were going to bring you that name ahead. Good evening, everybody. Wow. What a start to september. Ov overall i should say a september to forget. The s p 500 capping off its worst september in nine years. But for the quarter, we actually had some pretty good numbers the s p 500 gaining about 8. 5 this quarter leading the way Consumer Discretionary, materials and industrials, rounding out the pack notice whats not on there . Technology the sector that posted a loss this quarter, the only one energy, which slid 20 so with q3 now in the books, guy adami, in a quarter with more ups and downs than action park, what do you make of the setup for the Fourth Quarter by the way, brian, great to have you here. That action park, th
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w