Wall street is looking for any clarity on stimulus following President Trumps tweets, suspending further negotiations until after the election yesterday but calling for targeted relief since then for airlines, Small Business and a new round of 1200 checks. Eli lily saying its seeking emergency use authorization for antibody treatment dr. Gottlieb says its a major step forward got a bit of reversal from yesterday. Quite so. On todays show, restauranteur danny meyer putting out a plea for lawmakers to come up with a stimulus plan. He will discuss what it would mean for the Hospitality Industry if help doesnt come through soon plus kara swisher on whether any of that will mean real change Steve Liesman has the fed update for us, and joining us to break it all down is jeff sherman from double line capital. Steve, lets start with you. Wilf, thanks. Fed officials in their meeting from september had begun to have concerns about the possibility additional stimulus would fail in congress. They
And xmtchristmas in october as amazon kicks off its two day prime day today, the investment play and if any other retailers have what it takes to compete with amazon, it is tuesday, october 13, 2020 you are watching cnbc right here on cnbc. Let it go, let it go how youre one with the wind and sky everyones kid knows that song good morning, im dominic chu in for Brian Sullivan you can see the dow is implied lower by just about 17 points, so well call it fairly stage and flat nasdaq higher by about 77, the Technology Trend continues the nasdaq has been leading on the up side and down side over the course of the last couple months the major averages all coming off yet another winning session, the dow rising more than 250 points for its first four day winning streak since Early September. The major outperformer again was that nasdaq, surging more than 2. 5 for its best day since september 9. You can see there just over the last two days here, a massive move higher, 2. 5 gains there to clos
Earlier. The strategy, shop now to be the december delivery rush. The stock took off yesterday and up again premarket about 24. Within the last year, amazon has touched a low of 1600, now 34. Double the past year, modest pullback for the dow, down about maybe 150, remember it was up to 50 yesterday, the s p will be down as well. Look at the nasdaq, powering ahead again on the back of another technology search, 31 again. I have trumped the video, it may surprise you, this is the crowd lining up for the president s event in florida, it is absolutely endless. And to impact largely mass close crowd, the president danced up a storm, he should his apparent boundless energy, the man is back, he is planing two or three events a day until the election. Then theres joe biden he went to ohio, forgot mitt romneys name, said he was running for the senate in question the memory of voters who say they are better off now than they were four years ago. However, the main event obviously, the hearings fo
Vaccine. And we start out with breaking news on disney, putting distribution in the center part of its business. Julia. Thats right. Disneys reorganizing its Media Entertainment business to accelerate its direct to consumer strategy. It says this is in light of the success of disney plus the move divides content and creation and content distribution, creating a new median entertainment distribution group, this group will be responsible for monetizing all content including ad sales and digital platforms liking disney plus the new division will also oversover see operations of the streaming service. I would not characterize it as a response to covid i might say that covid accelerated the rate at which we made this transition, but this transition was going to happen anyway because essentially what we want to do is separate out the folks who make our wonderful content based on tremendous franchises from the Decision Making in terms of where the prioritization is in terms of how it gets com
You have that poll in the wall stre street journal and maybe the stock market considering maybe we wont have a contested lebs if the polling tells you anything accurate about where this race truly is what do you think investors should be taking from this move . I think thats correct. I think the two primary drivers for the higher market today are certainly the fiscal spending and what it equates to in the near term and the dynamic in the market for a trade and investors to extap larapolate is a rise i yields were finally seeing a welcome rise in yields and that is certainly on the belief of both of those actions i mentioned previously you have that to consider and how you want to trade that it has a direct impact perhaps on growth versus value, the polling on the upcoming election and were thinking about the president s health and what all of this means for the Campaign Going forward. So youve got a number of things in there. Lets start with yields. Rates being 0. 74 as a new high or r