This as the United States is seen a rise in the number of covid cases. Joining in the 8 a. M. Hour this morning all be speaking with health an human secretaries alex azar and markets this morning look like a mixed story attack a look after treasury secretary Steven Mnuchin said he would not extend most of the emergency legending programs that run in tandem with Federal Reserve dow industrials down 55 and nasdaq up 14 but the s p 500 lower by 4 points. Markets yesterday shrugging off lockdown to finish in the green when all said and done dow industrials up 45 points and nasdaq up 103 and the s p higher by 14 at 4 00 on wall street yesterday. To the president for trade and Manufacturing Policy peter joining me to talk all they thinks economy and china coming up. And then do nothing for nothing. How you can score a get away to hawaii for free. The morning buzz coming up mornings with maria is live right now. All right here we go european markets take look inching higher european indices h
Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
Louisiana got lasted this past week via hurricane and i pray for everyone in lake charles and that whole area. We were speaking earlier saying they are probably going to have many weeks of not months of no power and trouble with their water system. And even people as far north as shreveport and monroe are still without power. Our thoughts go out to them. So anyway we are here today with jack davis in conversation with the author. Jack is a professor of history specializing in them for mental history and sustainability studies. Also the author of Pulitzer Prizewinning the gulf, the making of an american city. Nil in addition to the Pulitzer Prize the gulf was the news york times noted book of 2017 and made several other bestseller list that year including the Washington Post and pr in jack, welcome. Its great to have you here with us today. See my pleasure being here. Will turn to jack and eric and let them start the conversation. People have questions they can go to the chat room and w