Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
Why did china do it . He says the Economic Situation behind the great wall is not good at all. We will talk to him in four minutes time. And one hot market. Homes in the Million Dollar plus range if you are lucky enough to own one you are doing just fine, ladies and gentlemen. Why is there such a boom in this segment of housing right now . We have answers coming up. First to sue. And there is big liquidity moves that you nus mentioned and they are fuelling a rally. Stocks are off the highs at this hour. We still have a gain in some of the indexes. Thats the big etf that tracks china. The ftse china is up almost 4 . Now a little better than 4 . Bertha coombs is at the nasdaq. Mary is here with me. We have a lot of steam. About 173 point range. So holding on of course as you would imagine when you have a rate cut in china it leads energy and materials. The materials sector at the s p 500 is approaching a 52week high today and also the dow leaders reflecting on what you would expect to se