Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt and we had losses at the open but were close to session lows. Dow is down. 3 . S p 500 below 3400 the name of the game, jon, q3 earnings really no stimulus headlines to speak of were watching covid19 levels mega cap, m a in the chip space. You know what im talking about. Absolutely. We telegraphed it here it s were going to begin with amd and that 35 billion planned acquisition of xilinx. Its the boldest bet in a remarkable run by amds chief executive officer dr. Lisa su taking over almost exactly six years ago in october 2014. Sue has taken shares of amd from 3 to, what, 79 as of this morning. More than 2,000 rise. Todays deal is another challenge to intel its a push for market share in data centers and just the latest move by sue to turn amd from an also ran into a leader. Hopefully you have got to know me a little bit im all about focus and execution. You know, what we set out the plans for amd over the
President trump, but a lot of it is your partys message about joe biden. What is your focus in pitching joe biden to the nation . Our focus this week is about uniting america. Not just uniting the party, but uniting america. This is about telling everyone you have a seat at the table. We will be highlighting what we are doing to build back a better america. We will be highlighting the leadership of joe biden and Kamala Harris and this historic partnership. We will be talking about the pandemics confronting america, coronavirus, economic collapse, and our civil rights pandemic. We are going to be talking all week about how democrats are building a vision of an america that works for everyone, Building Back better. What joe biden will do. It is not just a conversation with the luminaries in the party. We are excited to have barack obama, michelle obama, and remarkable speech are speakers of that nature, but people are going to hear from ordinary people doing extraordinary things, a param
Campaign chair. We have live coverage on cspan. A little different then usual, but we are here, our whole team. We will be here all week. Our first guest is tom perez. The leader of the Democratic Party. He is also an architect for the convention. They will be here to watch the democrats officially nominate joe biden. Due to the coronavirus pandemic the convention is virtual, mostly and it will include Vice President bidens acceptance speech. You have lined up a lot of heavy hitters in the party to keep this going online. So lets talk about it. Thanks for being here. It is a pleasure to be here. It six an exciting week. Weve heard a lot about the campaign being a referendum on president trump. But this is about your message country. What is your focus in pitching Vice President biden to the nation . Mr. Perez our messages about uniting america. Not just the united uniting the Democratic Party. With had Great Success there. This is telling everyone across america you have a seat at the
Lots of bars to the upside and downside. Greater than 1 decline. September calm, we are seeing a return to the big volatility. More than 4 to swings of 1 up or down. Both the bulls and the bears are buying for dominance in the month of october. Right now we do have a decline for the month, down more than 2 . The bears are winning. In october, wey, are seeing investors go toward havens. Take a look at this chart of the 10 year yield. You are seeing a decline of 14 basis points at 1. 52 . Onwe have stocks declining the month, we have bond yields also declining, telling us investors are seeking the safety of bonds. Finally, where we are seeing underperformance on the day, the nasdaq biotech index down 1. 9 . Growthiere of the indexes out there. Investors selling those. We also have the socks down sharply the sox down thehe worst day since chip index especially sensitive to china since the chip index is embedded in china. The possibility of the white house blacklisting eight tech firms. Th