Steve scalise, nancy nancy maces Jeff Van Drew and louisiana senator, john kennedy. Futures starting on a mixed note. The dow industrials are down 120 points, the s p is also weaker by 3 and a quarter but the nasdaq is up a little bit of a rotation going on this morning, back into technology. The nasdaq up 50 o 50 points. This follows a mixed performance yesterday, investors rotating into the tech sector. Were standing by for key speeches from Federal Reserve officials later today. Well take a look at market moving words on rates and the economy. Pfizer and biontech 90 effectiveness report helping drive markets. What challenges do we expect before its rolled out of. Ill speak with the companys founder and ceo of biontech later this hour. Then, cruising into the future, one state is anticipating a future filled with flying cars and its making a buzz this morning. Mornings with maria is live right now. I just cant get you out of my head. Boy, your loving is all i think about. I just cant
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
Another day of dragged on stimulus talks, john. Intel not a small factor in the trade. When i think of volatile tech stocks, i tend not to think about intel. Look that two year chart ups and downs. Its like an obstacle course, a tough mudder or something. Last quarter, it was about the supply side and intels manufacturing. This quarter the surprise was more around demand and the extent to which enterprise and government just isnt buying in the data center. Cloud picking up the slack that has an impact on margins. Of course, we have the pc stuff going on which is largely a tail wind they havent for a long time but theyre not buying them in the enterprise as we would expect people are not in the workplace. People are adjusting the way they work. That does have an impact on intel. A lot of balls in the air here this volatility predated, bob swan particularly on that manufacturing side but now hes got all of these other things to deal with as well investors looking for clarity around what
Obstacles facing oil and gas and why the lock downs are a big deal but may not change much longer term. It is friday, october 16, and this is Worldwide Exchange. If i have it right, i think that is the black key and the song is 10 00 a. M. But were playing it at 5 00 welcome from yfr wherever in th world you are watching stock futures right now are in the green but lets be carefully here, they are basically flat. Dow futures are up 9 points, so in the green, yes, nasdaq up 22, but got a long i way to go the big money question on this bring is whether today will mark a rare four day losing streak for the nasdaq were down previous three sessions, although amazingly were still higher on the week outside of stocks, the big winner this week has been bitcoin. Thats right, up 4. 5 . Climbed earlier back above 11,500 bitcoin has been the winning asset class coming into a friday lets go around the world and it is looking like a nice session in europe as well. Lets ghets t get the trade, geoff c
Coverage, theres a link to each debate question and answer, see social media feeds on debate happening in reaction and watch our president ial debate video from the cspan video library. Next lawmakers questionse pharmaceutical of the pricing and drugs, the price increase at a rate that far exceeds inflation among other issues. This is just under four hours. [silence] [silence] welcome to todays hybrid learning, pursuant to house rules, some members will appear in person and others will appear remotely via webex. Since some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending position, all individuals attending this hearing in person must wear a facemask unless they are speaking, members who are not wearing a facemask will not be recognized. Let me also make a few reminders for those members appearing in person, you will only see members and witnesses appearing remotely on a monitor in front of you when you are speak