Six russian Intelligence Officers are charged in paszek attacks. Our u. S. In past tech attacks. Our u. S. Elections at risk . Fake reviews are spiking. How the ecommerce giant is running damage control ahead of an unprecedented holiday season. Stocks falling amid no stimulus plan on l. Senate Majority Leader Mitch Mcconnell saying he would bring a vote to the floor tomorrow or wednesday. Democratic new york senator Chuck Schumer says the republican plan is unacceptable with key parts of the economy slowing down and no end to the pandemic insight, what is investor appetite. All of that against the backdrop of these stimulus issues. Not so good. Abigail so good, and not a great day for wall street either in anticipation of difficulties here. After the close, futures right now. It will be interesting to see right now if there is any reaction. The s p 500 index in the premarket, up about half a percent. Big tech getting hit even more. Investors wanting out of those names such as apple, am
World . And another heatwave in the northwest. Wildfires continue to rage in california and colorado. How technology can battle the blaze. But first, stocks ending the week mixed. We saw a tech slide. House Speaker Nancy Pelosi saying the divide still persisting in stimulus talks with the white house. Lets get the latest from bloombergs abigail doolittle. Abigail another bumpy one. Had decentay we gains for stocks. Options Expiration Date tends to bring volatility. We saw that into the close. Often you have traders that need to hedge on different positions around the options to the underlying security. The nasdaq 100 earlier today up pretty sharply, then closing down about 4 10 of 1 . A bit of a bearish reversal for the nasdaq 100. One of the big drags was amazon giving up big gains on the day. Ay may not have been as inspired as it was last year. Something we talked about earlier this week, since the stock was down both days of the event. Traders for whatever reason, you will see that
Stake. And, one more reason to leave the bay area. Devastating wildfires burning through californias wine country again. We will take stock of the damage. Those stories and more. Vmware shares up today on the back of vm world. Overall, the rebound faded today. Lets get a complete picture with Sarah Ponczek in new york. We just got some breaking news out of disney. Offcompany now laying 28,000 workers in its parks business. They had been struggling in the midst of the pandemic. Many of these workers had been furloughed with benefits but now they will be officially losing their jobs. More devastating news. Weit is just a reminder that could see more layoffs as the labor market improves. On,fact that, as time goes if we do not resume normalcy, Companies May have to make amends. And that could mean further layoffs. When you look at the Broader Market today, it was really a wait and see day. Volumes across the major stock exchanges, the lowest Trading Volume in over a month. Onlly waiting a
Battery day event. He announced a 25,000 electric car within three years. The u. S. And china clash again. This time, at the virtual u. N. President trump slammed beijing for the coronavirus. Xi jinping warns no one should profit from the problems of another. Haidi lets take a look at how we are setting up for the start of trading proper here in asia. We had a reasonable session in the u. S. , that tech rebound continuing to keep things afloat. This as we continue to get a little bit more news flow as to the stopgap measure being reached between the democrats and the gop. U. S. Stocks in the overnight session climbing. Tempering some of these concerns that came through from jay powell, pointing to slow economic recovery as well as Charlie Hedman saying the recession could worsen without more fiscal support. We see the nikkei 225 flat at the moment. We saw that japan markets have been closed. Futures have been dropping. We have seen during that time asia extra pen falling 2 asia x japan
Lamb weston, that was one of our stocks of the hour. Down 11 . I dont know what is going on over there in the 209. Taylor i am never going to live that down. That is good to know. On a more serious note, some of the industrial companies, 5757. R at a spot intraday basis down to about 31 basis points or so. Keyink 54 will be the next resistance level. The flight to quality we have seen, given the fed and some of the weakness we have seen in earnings. Shawne still with us, matthews. It is earnings season and we are getting into it with some of those large mega cap Tech Companies. There is high expectation but also a general sense that given their size, given their market dominance, they really cannot lose. They will have the Revenue Growth and have Margin Expansion there is really not a reason to be afraid of what they will say or report. Do you buy into the i guess teflon nature of some of these names . I think it can last for a while. If you look to the nifty 50, that lasted for quite