Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so g
Help, food aid. Yes, they are still talking. Investors like the idea of many more trillions poured into the economy, but it aint a done deal yet. The political world really cant stop talking about the debate. The president says he won. He, quote, held joe accountable, thats what the president says. Biden says the debate was a national disgrace. The Electoral Commission seems to agree. I they run the debates, and theyre looking at new rules. They agree, they seem to believe and blame the president for the interruptions and insults. Theyre even considering a kill button for the moderator to cut the mic of any offending candidates. The numbers are in. Far fewer people watched than i expected, just 73 million tuned in. Down from 84 million who watched the first debate in 2016. And if you look inside the numbers, the audience dropped away as the chaotic debate kept going. They tuned out. Stay with us for the next three hours, i promise it will be worth it. Varney company is about to begin.
It is a blue shirt. It is because they dont know how to do the lighting because it is darker outside now. Ive got the blue and it shows up every day here in the bunker im envious i want blue but im unable to perform. Sad. Lets show everybody what we are seeing for the end of the week here. We have a bit of a mixed picture. The dow looks like it would open down the nasdaq looking to open higher as well the first down day and on pace to snap the first twoweek streak amazon closing down 2 and a quarter of a percent a little bit of a rough ride there. This next story will keep on giving i hope it stops reading. The more i read about it, both sides are locked into things the other side wont agree to one comment about the tech wreck. I know, i know the house is not burning isnt going to do anything for anyone. This will unralravel completely it is nutso on the upside. It seems like it is less accepted moving up then down 7 it is like oh, my god, will the sun come up tomorrow President Trump,
A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
People will choose shopping online, if they do any shopping at all. Obviously target is ready. Bracing itself for what could be big crowds. They see something a lot of economists, for example, do not. Were keeping a close eye on that. Push, pull, obviously on the jobs front. You heard about claims, still below 900,000. They did hit week over week. One of the things barometer of continuing claims, they fell by 167,000 to bring us to about 12. 6 million. Surprisingly good news on new home sales, jumped 4. , to 14 year high. Those are things are sort of whipsawing markets. Were following the law and order issue very, very closely. Again, keeping an eye on louisville and talks of further protests across the country over that Breonna Taylor case and a grand jury not personally faulting any of the officers for her direct killing although one for sloppy behavior. Well get into that. Because it led to protests in the likes of atlanta, new york city, a host of other places. And more on Governor