States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li
Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
Congress where i played a role in the founding of the Homeland Security department. I call myself one of its grand mothers. One of its grandfathers that would be thad allen, or i think hes one of the grandfathers, im not sure, is on the call with me and the rest of you children are the successors and i think that it is really wonderful today that we are having i guess hes been phone now, a lot of zoom issues, with chris and a panel organized by meg king who heads our science, technology and Innovation Program and a number of a rest of you on the phone. The topic is whats critical, evolving the security playbook for managing ones, zeros and everything in between. While its not as much fun to see you all or some of you on line, chris is on the phone, its not as much fun to see you in person. If any group could make a conversation interesting its our science, technology and information program. Today were joined by the nations chief risk officer chris krebs, director of the department of
Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures
Turkey to conduct its military operation has essentially let down a very valuable and loyal ally to the United States the u. S. President has been pushing back on that suggestion also noting in this tweet that in his views the turkish people as well as the currents have been fighting in his words forever and the United States should not be injecting itself into an historic conflict now having said that the United States president also caution in turkey if there are what the u. S. President believes are inhumane or large civilian casualties he has endorsed a movement in the u. S. Senate by a member of his own Republican Party as well as a democratic senator to sanction turkey that efforts could be voted on as early as next week would not only potentially limit military sales to turkey but could also say at the highest levels including president won his Financial Assets and even limit the ability for the leadership to obtain visas to enter the United States still ahead on aljazeera. Murd