Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt and we had losses at the open but were close to session lows. Dow is down. 3 . S p 500 below 3400 the name of the game, jon, q3 earnings really no stimulus headlines to speak of were watching covid19 levels mega cap, m a in the chip space. You know what im talking about. Absolutely. We telegraphed it here it s were going to begin with amd and that 35 billion planned acquisition of xilinx. Its the boldest bet in a remarkable run by amds chief executive officer dr. Lisa su taking over almost exactly six years ago in october 2014. Sue has taken shares of amd from 3 to, what, 79 as of this morning. More than 2,000 rise. Todays deal is another challenge to intel its a push for market share in data centers and just the latest move by sue to turn amd from an also ran into a leader. Hopefully you have got to know me a little bit im all about focus and execution. You know, what we set out the plans for amd over the
Shows seemed wrong. When old rules just dont hold. Any old belief yet to shape our disdain becomes agitated and in games from it equals betrayal. When so many find themselves worlds apart we choose to look for common ground. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up a little markets are on hopes that the u. S. Will sort of run a virus relief bill this comes as president offered a broader 1. 00 trillion dollar package but will democrats counter. The many global central bankers looking at possible guidelines for enforcing the laws but one major economy is not part of those talks we have a boom bust panel standing by we have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus package thats before the election starting in russia the market is down for the week as the ruble climbed to 2 week highs but still near recent lows concerns gr
A lot of that to the world and that. The to. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up the bull markets are on hopes that the u. S. Will toss some sort of a groan a virus relief bill this comes as President Trump offered a broader 1. 00 trillion dollars package but well democrats counter the committee consisting of global Central Banks is looking at possible guidelines for enforcing crypto laws but one major economy is not part of those talks we have a boom bust panel standing by have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus. Package thats before the election starting in russia the most is down for the week as a ruble climbed to 2 week highs but still near recent lows concerns grew as france and germany they both push for a use ancients over the alleged poisoning of alexy of only already asian markets the shanghai compo
The countrys reserve bank kept Interest Rates unchanged at 4 percent the a. S. X. In australia also for the week blue chips and tech stocks led those gains almost all for soared 12. 2 percent after acquiring u. K. Platform breathed for 32000000. 00. In south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arr
Green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arrow the main b 3 stocks climbed 2. 21 percent but robust stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V. Also up on the week it reached highs that it hasnt seen since june or Oil Prices Also contributing to those gains on ou