Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the e
You said, we can sell anything, and i think i need to put that to the test. But if they cant put aside their pride and arrogance. Parker im pretty sure that i ran the biggest business before out of all of us. Travis ive actually done more than you in three businesses that ive owned. You havent taken the time to learn [bleep] lemonis . And prove to me that they can achieve the goals ive set for them. Have you figured out your specific business entirely . Taylor no. Lemonis well, what the [bleep] nobodys stopping you from figuring that out. Taylor were trying. Lemonis . Theyre gonna lose this follower for good. Taylor this is where we think we can add the most value because we just lemonis well, youre not gonna add the most value by getting it and pissing people off. Thats not a good way to add value. My name is Marcus Lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
Points at the lows, the nasdaq nearly dropping back into correction territory after hitting an alltime high just last week. Tesla down more than 34 from its alltime high hit last wednesday. Apple down 18 , microsoft and alphabet too seeing some major losses when does the pain stop, guy obviously ive been pretty skeptical the entire move higher or most of the move higher something sort of struck me last week, i think it was wednesday when you had those headlines from the cdc putting on notice people from the 50 states to get ready for the vaccine and the market had that huge rally to the upside what caught me by surprise was the fact that the volatility index didnt buy it. That was the tell. I think it continues to be the tell to answer your question, i think youre going to see the bottom on a day where the market has a big move to the downside coupled with the day the vix actually moves lower as well. We didnt see it today the one thing that really struck me as upsetting today or somew