Battlegrounds to watch in washington, d. C. Is senate is set to vote on the confirmation of judge Amy Coney Barrett after clearing a key hurdle over the weekend. Time to make the donuts. A possible 9 billion deal topping this mornings news that is sure to get your coffee brewing. Its monday, october 26th, 2020. Youre watching Worldwide Exchange right here on cnbc good morning welcome to the show im dominic chu kicking off your monday morning with stock futures pointing towards losses right now. As you can see the implied open for the dow is roughly 308 points to the downside s p is implied lower by about 39 and the nasdaq down by 129 points if these futures holds into the opening bell for regular cash Equities Trading the major averages coming off their first down week in the last three the nasdaq taking it the hardest with more than 1 loss on that side of things on the flip side, youve got the russell 2,000 small caps continuing its run higher. Seeing third positive week in the last f
Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
One veterans long struggle, and why a Defense Department employee is now speaking out. And murder hornet mission. How crews use dental floss and a vacuum hose to find and destroy the first nest found in the u. S. You heard them correctly. Dental floss and a vacuum hose. First, heres todays eye opener. Its your world in 90 seconds. Heres what we have to do. Were not going to control the pandemic. We are going to control the fact that we get vaccines. Therapeutics. The white house chief of staff mark meadows says the United States wont be able to get covid19 under control. They are admitting defeat. This is the greatest failure of any president ial administration in the history of america. Mike pence will stay on the campaign trail despite news some of his staffers tested positive for the coronavirus. I think hes taking all the precautions. And my understanding is hes tested negative. Vice president mike pence plans to preside over the Supreme Court confirmation vote for Amy Coney Barret
Flow and that is a macro positive. Week, itked about last suggests there is some optimism on the part of traders that may be some sort of scenario around airlines could some serve stimulus could get done but theres so much uncertainty. Airlines have been outperforming more recently. Getd are we starting to something on the 10 year yield . Abigail we are still in that range. The 10 year yield is trying to move to the top of the range in the range is about 5080 basis points with the fed as a buyer keeping bonds in that range. Its hard to know whether it will be broken. Another market is amazon. The s p and the nasdaq are down in amazon in amazons down for its for the day in a row after the prime day event, suggesting some folks may not be to my optimistic about those results. Maybe americans of had Online Shopping fatigue. David one of the risks of the is the continued possibility of more stimulus and the election which is now 15 days away. Is with us, always a delight to have you with u
Joining us is julian routh, covering the campaign for the u. S. Postgazette. Lets start with the Supreme Court decision. What did they decide about ballots in pennsylvania . Julian the Supreme Court actually shut down what republicans were trying, which is to strike on the three day extension for mail in about. They failed once, and they failed again last night. Left the door open to potentially reexamine this case. The time to be, it is most likely after the election. In preparation, the pennsylvania secretary of state said that they are going to advise county to segregate all of those counties, which is at the center of this. It is kind of precautionary, but at the same time, it is probably smart, and i talked to legal experts yesterday, he said that these ballots should be segregated. There could be legal challenges after this as well. The Supreme Court decision last night was remarkable, and the way that Justice Alito said that he believes there is a high likelihood that this deadl