Right now the state says 2. 5 million of the 3. 1 mailin ballots requested, those have been cast and that means received and deemed legally eligible 1. 1 million of those mailin ballots, theyve actually been counted. Here in pennsylvania, all mailin ballots received by friday, 5 00 p. M. Will be counted unless theres evidence that the ballot was mailed after election day mailin ballots, especially those received after the election has been a source of controversy in p. A. , republicans leaders calling on the secretary of state to resign over her guidance on how counties should deal with those ballots and if ballots received after election day should be kept separate from those received by election day a short time ago, the governor addressing that controversy. Pennsylvania will have a Fair Election and that election will be free of outside influences. I will vigorously and we all will vigorously defend against any attempt to attack that vote in pennsylvania. And when it comes to ballot
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran
Apple is above 467. 77 making it the first u. S. Company to have a market cap above 2 trillion, a discussion a few moments ago about tim cook and how he has led stewardship of the company through all kinds of cross currents josh lipton joins us to talk more about that. Josh, its funny to look at that change of market cap and think back to some of the more cautionary calls weve gotten in the past few weeks from the likes of b of a who worry about margin pressure on phones, margin pressure on services, less impact from the buyback and so forth yeah. Listen, you look at this recent run, carl, obviously they had those earnings in late july that blue past the streets expectation. You saw strong growth in sales of the new low cost iphone sc. You can chalk this recent run to a few big trends one, theyll say listen in Uncertain Times cash is king and obviously apple has a lot of it, net cash position of 81 billion and counting also, that work from home trend is clearly helping apple or at leas
John, to me the silence of this friday is the unemployment checks that will go away and the silence from washington. Jonathan i hope they are not looking at the equity market this morning. I hope they are focused on the highfrequency data and jobless claims. The recovery that we have been doing a victory lap on over the last couple of months. There will not be one this time around. Jobless claims are higher. Recovery is stalling. The economy needs more assistance. And congress is going for a long weekend. Tom so many things this morning and we will have a lot of different conversations to get you ready for the weekend. Lisa abramowicz, we all know in equities and commodities and currency, the bond market talks. It is speaking with a vengeance this morning. Lisa you are earning nothing on safe bonds. That is what this is telling you. Inflation will not take off. We are seeing record low yields. Almost back to its record low. I think you pointed to the most important yield we are looking