Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin on this election day markets are continuing the rally we got on monday were close to session highs right now. Dow is up 665. Best day since june 5th for the dow and s p 500. Best breadth since april 8th nasdaq and s p 500 erased their october loss, jon, as were seeing things like yields go higher as well and the dollar weaken which is another sign that some of the imbedding on emerging markets going out of this election. Yeah, carl. Looking at tech overall and particularly big tech, its interesting the gap between microsoft and amazon lagging behind apple, thats narrowing a bit. Remember, you had apple above 2 trillion in market cap and around 1. 5 trillion now thats come down apple is below 2 trillion those two are still around 1. 5 alphabet lagging all of those year to date so what is surging today tesla is up 5. 5 sales force, cisco, micron, dell, if you look at enterprise space, tho
Restrictions on the u. K. Looks to repair some of the economic damage in todays Spending Review. Words ofs back, the president elect joe biden as he introduces his Foreign Policy team. Janet yellen faces a tricky start, as Steven Mnuchin puts funding beyond her reach. Good morning. 6 00 a. M. In london, 10 00 a. M. Across the emirates. A jampacked show for you, including emirates president tim clark. He spoke to manus cranny about a host of issues in the travel sector. Also, likely an appearance from manus himself. What a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. Dow jones topping 30,000 for the first time. S p 500 index, we do have closing at an alltime high. We are losing a bit of momentum. Flat across the asian market and flat across u. S. Equity futures. We are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. Jp morgan this morning also saying 10 year
Hsbcs turnaround picks up speed. The bank surges in hong kong as speculation grows around a return to Dividend Payments. Good morning, everybody. It is wednesday morning, just over an hour away from the start of cash equity trading. Lets look at futures. European equity markets, u. S. Equity markets of by more than 1 . And, of course, we have touched the levels key levels. The dow at 30,000, and the s p touching an alltime high at the close as well. Real strength coming into today, in futures suggest we have some upside to play for. Futures all point higher. European futures also to the upside. Ftse futures up by about 0. 3 . Broadly speaking, it is the same as the last couple of days. We are talking about vaccine optimism. The news about janet yellen picked up the appetite. It is into just stocks. We can look at what has happened through the asia session. Some of the markets in asia have turned increasingly negative as we have gone through the session. Parts of asia now retreating. Th
A victory which looks like the same path in 2016, this is more than 61 million have already voted experts say that the turnout that could be the highest since 1908, tonight we have for you congressman doug collins, congressman Kelly Armstrong, jim trusty, and tehran skinner on the big headlines of the day, the big x factor, the shy trump voter who is not being captured by the polls, pollsters are missing this, we are seeing wordofmouth rallies for President Trump, breaking out spontaneously around the country, these are totally unconnected to the Trump Campaign, the campaign and the race is coming down to this, who has the best covid19 strategy and who has the best job strategy and who is dodging the question and what are the undecided saying. We have more hunter biden emails and Text Messages now been revealed showing that his alleged business dealings were closely connected to the biden family than anybody realized, we have more detail surfacing on the heavy heavy reliance in the bid
Astra zeneca says the vaccine it has developed with Oxford University is up to 90 percent effective. But its cheap to make and easy to store. And china launches an unmanned spacecraft to the mission to bring the lunar rocks back to earth. A Rocket Scientist, what success would mean for chinas states . Yes, welcome to the program. A key federal agency has told joe biden, the president ial transition can begin after donald trump directed his administration to cooperate in the handover process. In a tweet president , trump said he no longer opposed government aid for bidens transition team. Its a close as yet. Hes come to conceding defeat, and earlier us president elect joe biden announced his nominations for 6 top positions in the senate in his administration. And they include his longtime adviser, Anthony Blinken for the position of secretary of state. Former secretary of state john kerry is Climate Change envoy and john and yet as treasury secretary, well for more on this, so im joined