Today as republicans look to fast track her nomination before the election day and in the gulf, clean up from hurricane delta continues this morning as nearly half a million residents still remain without power and technology under fire yet again this time from across the atlantic its monday october 20t12, 2020 youre watching Worldwide Exchange here on cnbc. Sh good monday morning kicking off this morning with a hearty congratulations to the Los Angeles Lakers you can see them there jumping around they won their 17th nba title beating the miami heat in game six last night 10693 lebron james helping lift the lakers over the top with a triple double himself while Anthony Davis logged a doubledouble of his own you can see the dow jones implied higher by 16 points and the nasdaq up by 134 Big Technology in focus yet again. And with fridays 160 point advance the dow is now positive for the First Time Since september 22nd you can compare that with the s p 500, the dow transportation stocks a
We had a few clouds hanging over the market and civil unrest will derail plans to reopen the economy and add to that the rising tensions with china the white house blocking Chinese Airlines from flying to the United States and the ongoing coronavirus pandemic plenty of reasons for investors to be worried and yet here we are. Stocks are sitting at threemonth highs. Guy, what is that expression that you like to say, bad news, good price action and something along those i mean, is that what were seeing in the markets here yeah. Pretty much. Dont label me some raging books, tim, steve and other people i dont know if theyve necessarily seen the extent of this, but theyve clearly said the pain train is higher and thats correct. What it comes down to is would you rather be right or would you rather make money. The warning signs are clearly there. If your stock goes from 5 to 10, youve doubled your money regardless of the reasons why and thats what its come down to and one other thing ill thro
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
What may be the most important stock in the market right now. The roller coaster ride that is crude Oil Continues last night, july falling below 18 a barrel a lot going on on this wednesday, april 29. You are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. Im Brian Sullivan here is how your money and markets are setting up their wednesday. The dow did fall a bit yesterday but as bob pointed out, many thought it was a relatively good market day for this reason it wasnt just the four or five big cap tech stocks leading the way as they always had been. Banks, small cap stocks, which had been notable underperformers were actually stand outs some people want to see that kind of rotation today, Big Cap Technology could be in focus. Following googles quarter which wasnt as bad as some feared, stock up nearly 8 premarket. Oil on a macro level becomes the metric to watch. Crude oil in the frontmonth contract, which is june, is tradin