Before the first tuesday of november. From london, new york, on radio and television worldwide, we are thrilled you are with us. There is market turmoil. Futures terrible earlier, now doing better. We are going to talk really interesting dynamics of the depths of the market, which is foreign exchange. We will do that in a minute. Got to look at a president who launched 10 tweets last night somewhere in the vicinity of 2 00 a. M. The president says, watch the great red wave, and that goes to his hope on tuesday. Jonathan and wasnt that the perfect gdp print to take on the campaign trail . Heres the number. Dont mention it is annualized and how big it is. Is it too late to make a difference, given how maybe will given how many have already voted in this election . The difference this time around. S much wider than we have seen at the end of the election, it in a two point lead clintons favor. On the focus of the morning november 4. Somewednesday we will have special coverage for you, but
Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
Today toe all of you extorting there news flow. An to an extraordinary news flow. An election in five days. Markets, there they are, and reversal. You see it in the futures of the s p 500. Jonathan we are down five on the s p 500, 0. 2 . The bounce in europe was never convincing, and the bounce in the United States has not held up. Eurodollar clinging to a 1. 17 handle. The ecb is getting what it once for all the wrong reasons. A weaker euro for a fourth straight session off the back of more restrictions in germany and france in the past day. A 1. 16 handle, that will be symbolic. Of course, distracted by the death in nice. Lisa abramowicz, what was so clear yesterday was that the bond market did not move, and that it did. Lisa to me, this is the story of the week. Weve got very hardcore risk off in response to very real threats of a widening pandemic. Treasuries are not the hedge they used to be. Yields rose yesterday, which is exactly the opposite of what they traditionally do when s
Battlegrounds to watch in washington, d. C. Is senate is set to vote on the confirmation of judge Amy Coney Barrett after clearing a key hurdle over the weekend. Time to make the donuts. A possible 9 billion deal topping this mornings news that is sure to get your coffee brewing. Its monday, october 26th, 2020. Youre watching Worldwide Exchange right here on cnbc good morning welcome to the show im dominic chu kicking off your monday morning with stock futures pointing towards losses right now. As you can see the implied open for the dow is roughly 308 points to the downside s p is implied lower by about 39 and the nasdaq down by 129 points if these futures holds into the opening bell for regular cash Equities Trading the major averages coming off their first down week in the last three the nasdaq taking it the hardest with more than 1 loss on that side of things on the flip side, youve got the russell 2,000 small caps continuing its run higher. Seeing third positive week in the last f
In china. China rolls out its fiveyear plan, promising to build a tech powerhouse. Coming his party also wants greater sustainability. At the ecb says more stimulus is coming as eu governments proposed new virus lockdowns. It says bond buying and support wont seize until the covid wont cease until the covid crisis dies down. Shery quick check of the markets, u. S. Futures coming online under pressure, down 1 after disappointing markets in earnings. We managed to end the session higher by more than 1 , s p 500 gaining the most in two weeks. We had strong data to surge Third Quarter u. S. Economic growth and a decline in weekly jobless claims. That recovery in the u. S. , setting us up for a recovery in asia as well. Look at new zealand trading at the moment, ever so slightly higher, asx futures pointing to a gain of. 4 , reversing declines of 1. 6 we saw thursday. Nikkei futures pointing higher, a little weakness though in seoul. Top story, plenty of action after the bell in the u. S. W