And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its kind of this, you know, upper range above the year to date break even level it is about 1 , 1. 5 up from this level in the 3400s. People say maybe represent an upside break
Committee held a confirmation hearing for chad wolf to formula become head of the Homeland Security department. Mr. Wolf has been serving as acting dhs secretary since november of last year. Answered questions on election interference, domestic terrorism, and Human Trafficking, among other topics. This is just under two hours. Meeting toe are consider the nomination of acting secretary of Homeland Security, chad wolf, to be the confirmed secretary of the department of Homeland Security, which is an enormous task. This in the past, i truly appreciate anybody who was willing to undertake such enormous responsibility. I would ask my written opening remarks be entered into the record, without objection. I will keep it short. I know which got time restraints we have got time restraints. The secretary of Homeland Security manages 240,000 people in the department. The responsibilities for Homeland Security are vast. Starting with the Emergency Management agency, which has to do with deal with
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Confirmed secretary of the department of Homeland Security, which is an enormous task. This in the past, i truly appreciate anybody who was willing to undertake such enormous responsibility. I would ask my written opening remarks be entered into the record, without objection. I will keep it short. I know which got time restraints we have got time restraints. The secretary of Homeland Security manages 240,000 people in the department. The responsibilities for Homeland Security are vast. Starting with the Emergency Management agency, which has to do with deal with hurricanes, wild fires, and now covid, amongst many other responsibilities. More security is a huge issue. Hes done a pretty good job of establishing the out of control, illegal entry we are experiencing were experiencing over a year ago. The department is concerned about cybersecurity, election security, the security of our Critical Infrastructure. As we just witnessed, some of the protests have sprung into riots, was a protec
Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor