Beaten shares of disney for less than a buck . It aint no fairy tale, but it is our options trade of the mouse house. Well break it down. The action begins now. The dow posted the second worst of the year and it was disney and goldman that really dragged down the index, down more than 2 the question tonight is simple do you buy the dip in any of these names . Dan . Well, its interesting. I dont know what utx is on the year regular exxon and i know where the other, really underperformed this year, so, to me, you have a market where i think you know, winners have been rewarded you know, we have the nasdaq thats up 16 . We have the dow thats up 10 . The s p up 9 and then you have the laggards, the ones where the stories just arent there. Are really underperforming, so to me, i think you have to find some sort of financial or fundamental Inflection Point in the laggards having gotten your arms around the fact you should buy them i cant say you can make the case for xxon. Im sure utx can an
Happy friday. Welcome to squawk alley. Kayla, myself at post nine. John is off today. Also joining us, cara swisher at re code. Good morning, kara. The ceo of blackberry, john chen will join us. First, a bit of a friday selloff to accompany the thursday selloff. The worst two days for the dow since the beginning of september. Bob pasani is on the floor. Bob. This is a slightly different feel to it than this week. Remember, we have been slaves to the oil market. Its been oil thats been a mover of the stock market this week. This is a little bit different today. Take a look at the s p 500. We started on the weak side, and basically just drifted lower all throughout the day. Remember this is an expiration date. The volume is heavier than normal. In fact, that is not bringing down the market. Whats interesting here is financials are weak. Remember something. If the expectations are for lower rate less number of rate hikes, less chance for yield curves staep steepening. Financials might hav
Lets look at shares of lumd ber liquidators, up 12. 5 today, up more than 4, picking themselves up. Stock up big after a bigger drop brought on by a 60 minutes report questioning tox itty in the adhesives in the countrys product. The founder completed a Conference Call a short time ago. Details coming up and, of course, we look forward to the appearance tomorrow with scott on halftime report. Absolutely. Straight to the trading action, and bob is on the floor of the New York Stock Exchange. Despite retail sales or maybe because of them because of the implications . A little bit, yes. This was a surprise on the open. Let me show you the s p 500 right now because the premarket trading did not indicate the kind of very strong open that we had, so all the sudden the s p 500 put up the intraday on the s p, literally, 15 minute the rally today happened. See that . Unusual there. Let me tell you why i think it happened today. We were all surprised by it. Number one, we did see, and i think th
Person with them. She knows theres a risk, but shes young. Obviously significant breaking news, the beginning of october for so many different reasons. The functioning of americas government, the Political Campaign that weve all been following as a nation now for so long, and obviously, the personal story here. The president s well being, the first ladys well being, hope hicks well being and health and all those that they may have been in contact with who could be infected by this too. Obviously our thoughts and prayers are with them. Willie, this is how the newspapers are handling this news. New york post, president has covid. The daily news infected. With a picture of the president and first lady. The Los Angeles Times this morning trump tests positive for coronavirus. The minnesota star tribune, trump has virus. San francisco chronical, trump says he has the virus. And the sun, trump tests positive for coronavirus. Obviously, willie, newspapers across the world heres a picture of th