A disputed election. And we speak to the is there is who are longing to go back to their homes after being uprooted by the conflict with the media in the early 1990 s. And im with your school says. A record 7th straight formula one constructive title and Lewis Hamilton closes in on the drivers championship. So we begin this news hour with one of the most divisive u. S. Elections in recent years donald trump and joe biden have less than 48 hours now to make their final pitch to the American People and theyre doing it in several important battleground states President Trump is now on his way to michigan where he won by less than one percentage point and 2016 joe biden is hoping to win that state and he made his case when he visited there on friday trump is expected to hold. These in 5 different states on sunday will focus on pennsylvania another crucial state for the full fights president correspondents a closely following the campaigns alan fischer is in washington d. C. But 1st lets go
Amazon also boosting, well, going up, of course, and apple, man, youve seen them both over the last day and this morning perhaps no exception, later today, we get the apple phones, prime day has kicked off, carl it is a big day. And as it was for yesterday, in terms of the stocks. Indeed, were within 2 of all time highs on the s p, trying to get back to the september highs, jim but i wonder if you think the lead this morning are these loss provisions at jpmorgan. I am surprised positively i think what has happened is people arent spending, not borrowing, credit card losses, fine Small Business loans, i dont know where the people are that theyre not suffering. This is it is not a happy maybe jpmorgan is lending better i will say this, david noticed this, there will be a call that goes on, simultaneously when we talk about it, and that call is going to take the wind out of our sails, david, if we Say Something really positive because there will be one comment and some comment that comes
It is monday october 5th, this is Worldwide Exchange right here on cnbc well, good morning, afternoon and good evening and welcome from where ever in the world you may be watching. Im Brian Sullivan i hope that youre having a good start to your week where ever you may be its a very light data and earnings week on wall street that wouldnt matter much anyway all the attention and focus of the Financial Markets remain firmly on President Trump and the first lady and their help as well thats the key question on wall street right now the help of the president. So that is where were going to have our focus and futures, they are higher by about 141 points the polls right now have swung wildly in joe bidens direction and agree or disagree with the validity of polls and their accuracy, investors see reduced chances of the possibility of a contested election which as we have shown you can send stocks sliding. Theres also more hope for another round of stimulus perhaps closer to the 2 trillion nu
Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
The pain for struggling retailers, but some Companies Found creative ways to engage consumers. On the round table the, ben levisohn, carlton english and al root. Ben, you used a great phrase earlier this week when we were talking about the market, you said this week the market was violently flat. Whatd you mean by that . Right. So the market, it seems like every day the dow is going up 400 points or is dropping 400 points, or it looks like its going to drop 400 points but then does an about face and heads higher. Were seeing coronavirus cases spike in many states, and some days the headlines seem to matter and other days they dont. And its really not clear what is going to get the market sort of knocked out of this range that its been in. The s p 500 did finish higher this week, but its still below the june 8th high from the rally off the marlo. So its going to be march low. Its going to be interesting to watch as these headlines continue to keep the stock market in place or if market