The careful counting of every ballot. Mr. Biden asks for every ballot to be counted, mr. Trump says he will go to the Supreme Court. Good morning. The news flowing every hour. Francine lacqua, it is pretty much as we expected, and we have not only seen the political results but the market gyrations in the last 24 hours. Francine tom, there are two outcomes the markets were fearful about, and those outcomes can much more possible in the last 24 hours. First, the joe biden presidency with a Republican Senate. We could have that. It is still mathematically possible. The other one, of course come a very contested election. If you listen to what President Trump said about an hour and 10 minutes ago, it is very clear that he wanted to go to the Supreme Court, ask that the Supreme Court step in, because unclear why, tom, because we are still counting votes. There is absolutely no evidence that something has been done wrong, but certainly fighting words from President Trump, and that will put
No one knows them better than dan tillman. Plus, working from home, bitcoin and more. And demand for electric vehicles. We hear from the ceo. We have to get back to the markets. This is the top story of the markets ending the day near the session highs. Stocks tech stocks are ending high. President elect nominate janet yellen to be treasury secretary. So much news on the day. There is more positive news around vaccine. We have this big, cyclical valley. That brings another record high for the small caps. As you are pointing out, it has taken a few years for them to get a record high. Day, hitting the alltime high. The energy index is up. It will be interesting to see what is there and what happens in the future. Some are saying that the excitement around the iphone 12 is priced in and the buyers are stepping away. Nominate is likely to janet yellen, the former fed chair for treasury secretary. The markets took a move up. There was a moment where the s p 500 dipped ever so slightly. The
Most well litigated. One legal tracker is already following around 400 lawsuits filed. It is not just the white house and congress. Americans will be voting on everything from the gig economy to marijuana to taxes. Joe, we all know, after brexit, after the 2016 election, pulls, you have to take with a healthy dose of salt, but we are going to look at them anyway. Joe even in the absence of perfectly reliable data, we will tell stories on the data that we have. Polls all seemhe to be saying the same thing. Most people seem to think that joe biden is going to win. You can see how similar trumps pulling his versus the same time last year. The polling is, similar. Not sure what that chart tells me. Should i panic . Joe sell everything, by and back in the morning. Up a lotwhat tripped of people in 2016 was not the popular vote, it was the Electoral College trumps into thosereally go swing states and dominate there. We just had ed ludlow talking about what is going on in arizona. Us, keeping
Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Election day in what could be the most volatile week of the year. But, tech is still lagging. We will preview upcoming earnings. My exclusive interview with snp ceo klein. Could this mean bad news for the rest of tech . First, the earnings parade continues with posting its annual profit forecast with new accounts searching. Net new accounts jumping 55 from a year earlier. We will get to that in a moment. First, Abigail Doolittle has been looking at the broader markets today as we head into the big day. A lot of anxiety going into tomorrow. How are investors digesting it . Abigail anxiety describes it well. More jitters on the part of stock investors. Another wild day. Sharply higher. Afternoon, then finishing up just a little bit after the close. Investors were selling the tech stocks, or some of the tech stocks, and buying up some of the cyclical, growth sectors such as energy, industrial, materials. On the other hand, volatility, still very,0 fix very elevated. The investors are conc