You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks
Oracles deal for tiktok hurdles as President Trump is not ready to sign off on the plan. And Hurricane Sally our conversation with the u. S. Energy secretary coming up this is Worldwide Exchange here on cnbc good morning, good afternoon, good morning and welcome wherever you are watching. Thank you for joining us on Worldwide Exchange. Now your money are setding it up for the day in the red stock futures at the bottom right of your screen we call it a bug, down 225 points on the nasdaq, the dow rather, the nasdaq down 118. It looks like Big Technology may be happening it is early and futures are turning around right now, we are down across the board. The dow got a minor gain it was a different story for the s p 500 which was a better measure of the market and the nasdaq has shed more than 1 the index has been dragged down by shares of apple facebook and microsoft also big laggards. Snowflake open raised from one day earlier. At one point, shares climbed up above 300 a share after pulli
Globe express alarm fearing huge chorus of been. A very warm welcome youre watching the weekly with all the latest headlines and a roundup of the weeks top stories thanks for joining us and we come to the hugely contested president ial election but the worst is still seeing massive demonstrations throughout the country both pro and antigovernment rallies have taken to the streets today in some cases gathering just meters apart. Opposition protestors are holding a march for freedom through the capital minsk but demanding the long time president Alexander Lukashenko resigns fighting concerns hes clinging to power by force and ignoring the voice of his people some of the marches are being held throughout the country our correspondent said this report from the city. Through the desert for 45 this is how the protests unfolding now one Independence Square people have moved from the monument here in the morning there was a progovernment rally here. But all the people of less now in the square
We take a deep dive on the issue with a packed show today so lets dive right in. And we lead the program here in the United States is the nation has once again set a record for a new daily cases of the coronavirus now officials reported more than 77000 new cases on thursday breaking the record for a single day surge by more than 10000 according to data from John Hopkins University now more than 900 deaths were also reported on thursday during an interview with facebook founder Mark Zuckerberg the nations top Infectious Disease specialist dr anthony spoke about following guidelines to do everything in our power to limit the spread of the virus. Youve got to do wood correctly you cant jump over steps which is very perilous when you think about rebound and the proof of the pudding is look whats happened it really is no reason why were having 405060000 other than the fact that were not doing something correctly. And as we continue to see an increase in cases here in the u. S. I see you cap
A packed show today so lets dive right in. And we lead the program here in the United States is the nation has once again set a record for a new daily cases of the coronavirus now officials reported more than 77000 new cases on thursday breaking the record for a single day surge by more than 10000 according to data from John Hopkins University now more than 900 deaths were also reported on thursday during an interview with the facebook founder Mark Zuckerberg the nations top Infectious Disease specialist dr anthony found she spoke about following guidelines to do everything in our power to limit the spread of the virus. Youve got to do wood correctly you cant jump over steps which is very perilous when you think about rebound and the proof of the pudding is look whats happened it really is no reason why were having 405060000 other than the fact that were not doing something correctly. And as we continue to see an increase in cases here in the u. S. I see you capacity is becoming a real