For an earnings season that is beginning to unfold. Later, the rush is on as Apple Unveils its new 5g enabled iphone are the stars now aligned for a super cycle that wall street has been waiting for for apple power lunch starts right now stimulus negotiations hitting a wall once again as the two sides are stuck on whether to do one big bill or several smaller ones elon has the latest for us there will be no relief before the election. We knew this in our guts, we knew it by looking at the calendar and today treasury secretary Steven Mnuchin acknowledged it publicly during a speech for the milken institute. Getting something done before the election and executing on that would be difficult just given where we are in the level of details were going to try to continue to work through these issues reporter now, this is dispute the fact that the senate will still go through the exercise of voting on a 500 billion package of targeted relief next week thats much less than what democrats are a
Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Covid cases skyrocketing across the country, increasing in at least 39 states. This morning, what we now know about the third person in the u. S. To be infected twice with the virus, and the new warnings as americans prepare for the holidays. Abc news exclusive. Chris christie joins us live, just released from the hospital after spending seven days battling covid19 in the icu. Why the former governor now says he was wrong for not wearing a mask at that white house superspreader event. Wildfire emergency. The critical danger exploding in the west as the Trump Administration denies californias request for disaster assistance. Ginger is tracking the latest on the red flag warnings this morning. Aloha again. Thousands of vacationers touching down in hawaii on the first day of the islands finally reopening to tourists, lifting restrictions. What this could mean for your Holiday Travel plans. And, oh, my. Dwyane wade caught with this look on his face. The surprise moment that made the nba le
Good morning, everybody. Im becky quick and welcome friyay were watching the equity futures. Three down days in a row, but the dow did make a pretty stunning recovery, down actually over 300 points after the numbers at 8 30 yesterday that showed that initial jobless claims were higher than anticipated. Ended down by 20 points at the end of the session this morning dow futures down about 13, s p s p are flat lining, nasdaq basically flat lining too well be watching this closely to see how people shoring things up you as we head into this weekend. And also take a look at what is happening in the treasury market the ten year which yesterday fell back below 7. 0 and now is 7. 26 . Lets talk about what happened last night. President trump and former Vice President biden making their case to the American People on dueling town halls i was sitting there with my remote going back and forth, both events focusing on the Trump Administrations handling of tGlobal Pandemic. Do you support herd immu
September retail sales, nice beat there, the srt up 102 from march lows, thats a new high, Dick Sporting goods, best buy, dollar general, costcos and lowes, bed, bath and beyond on its best pace ever is it time to buy retail there are still select names you can buy at retail and some names that have absolutely exploded the up side you just went through a list some of these are at alltime highs. The consumer is strong, the consumer return, the consumer has gotten out there the september numbers were well above what the expectations were these numbers are very, very impressive it does go to show you just how strong these guys are in terms of everybody getting out and about and getting into different retail its not just about the essentials anymore you just went through the laundry list the reality is, it is about people going out and getting clothing, shoes, yoga material whatever it is we might be, we are seeing an absolute run towards that area and a nice spring board were seeing a lot