All 11 s p sectors were negative today. Four big factors weighing on the market, a new record for coronavirus cases, no stimulus we are kicking off the busiest week of earnings, and the election just eight days away. Should investors pare their risk right now . Still, well start with you. If you look at the trend since mid july, we had an up ten, down ten, up ten, now weve pulled back about 5 this is a range around urn certainly. The companies that will report later this week with the big ice on thursday, you name it, thats coming out in terms of where the megacap market tech has been eu putting in additional q curves these are headlinegrabbing dynamics that the market will feel the weight of weve been digesting the stimulus talks for weeks, if not a couple months. I think the market is rangebound. I think traders dont feel like they have to put capital to work before the elections, but i think largely the same backdrop is there were going to talk about the tenyear bond and bond yields
Plus, so that is a little bit of a lift that is maybe not identified within the euronext. Go, Kevin Cirilli could not sleep this weekend. This is exciting. Ranting cap it is exciting. I have been excited for the last two weeks before this because it is the polls, it is the final stretch. How much campaigning are joe biden and donald trump doing in the next two weeks . Tom it is going to be huge. These guys are in the final stretch. Money is an issue. We will talk a lot about that. Martin schenker joining us in the next hour. What is exciting about this is it gets back to basics. President trump is out there in nevada this weekend. He is in arizona today. Francine there are very few undecided voters from what i understand, and several people have already gotten out the vote. 52 of those are women. Lets get to first word news with ritika gupta. Ritika good morning. In china, economic recovery from the pandemic continued in the third quarter. Ago,ose 4. 9 from a year less than expected bu
Family. Correspondent soldiers have been draft into lead the battle against virus. Drafted in to lead the battle against the virus. This is the new war room in an arab town. Israeli military has taken over testing and tracing. The same people from israel and gaza are working in assessment every day to bring the information as quickly as we can to the city, to stop the sicknesses from covid19. [public address announcement] correspondent stayathome is again the message here. But the new lockdown to deal with the Public Health emergency is only going to deepen israels economic crisis. Unemployment is at a record high. Many businesses are failing, leading to mounting criticism of the government. This closure, i hope they are going to end this story once and for all. Correspondent this new mother, who already lost her job, doesnt leave it will. Isnt going to work now. It didnt work the first time ended his way to work second time. Correspondent but israels tight controls ekly curved first w
Virus. We are also getting headlines out of europe which are undermining confidence as well. The stoxx 600 is down by 0. 7 . The s p now down by 0. 4 . Eurodollar actually picking back up again. The 1. 16 level held, and what i am hearing is the real money accounts are back in the market. 1. 17,back now above 1. 1729 where we are right now. We have the ecb watchers event tomorrow, Christine Lagarde speaking in the morning, and then at 10 00 him him 10 00 a. M. Eastern, we will have speaking. E , the chief economist speaking, the chief economist. Alix the s p now down by 0. 4 . New york citys daily positive rate daily Positivity Rate is now over 3 for the first time in a month. Now offeringo is new enforcement for schools, saying if any of them do not over the rules, they will be closed. Governor cuomo will be speaking at 00 speaking at mike huckabee, speaking at 1 00 p. M. There are some granados stones globally. The deaths passing one the deathsly passing one million globally. Joining
It is a blue shirt. It is because they dont know how to do the lighting because it is darker outside now. Ive got the blue and it shows up every day here in the bunker im envious i want blue but im unable to perform. Sad. Lets show everybody what we are seeing for the end of the week here. We have a bit of a mixed picture. The dow looks like it would open down the nasdaq looking to open higher as well the first down day and on pace to snap the first twoweek streak amazon closing down 2 and a quarter of a percent a little bit of a rough ride there. This next story will keep on giving i hope it stops reading. The more i read about it, both sides are locked into things the other side wont agree to one comment about the tech wreck. I know, i know the house is not burning isnt going to do anything for anyone. This will unralravel completely it is nutso on the upside. It seems like it is less accepted moving up then down 7 it is like oh, my god, will the sun come up tomorrow President Trump,