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
Stimulus check. Also you ahead, marias interview with trey gowdy. Is john brennan doing damage control, against the backdrop of the 2020 election, now just 57 days away. Coming up, marias exclusive with Peter Navarro on President Trumps second term agenda and why he believes the president s tough on china policies could win him a second term. Well hear from gordon chang on the china challenge and why he is taking the pentagons new report on beijings military very seriously. All that and more as we look ahead on sunday morning futures. Charles first, the white house and congress temporarily averting a gunfight shu governmn friday, Vice President mike pence said he hopes that this will allow lawmakers to focus on the Coronavirus Relief package when they return to work next week. Joining me right now, republican conference chairman, senator john barosso. It didnt get a lot of fanfare. It was a big hurdle, just how much momentum can we expect out of that and this very elusive agreement. It
It is armageddon, moments ago the president told fox friends, he would not name his nomination to the court until after the services for Justice Ginsburg are completed, he said he would announce friday or saturday. He said he would move quickly, he said time for a vote before the election. Now look at this, a wall street selloff, major leagues, all kinds of problems for investors, election chaos seems to be a certainty that could even be a constitutional crisis of the Supreme Court has to decide the election and there are only eight sitting justices, there could be a tie. A second wave of virus infections has hit europe, especially britain, there are worries and comes here. China holding military maneuvers as a u. S. Envoy heads to taiwan. Grandpa got up and look what you got. The dow will be down 500, maybe 600 points at the opening bell, the s p 53 points lower in the nasdaq down 170, that is a selloff, in a moment you will hear more from the president because later on today he is he
Change his mind about approval. Latery powell will say that the u. S. Economy is improving, but has a long way to go before fully recovering from the virus. The st. Louisrom fed president this hour. Haidi investors are waiting to hear from fed chair powell. But we know the gist of what he is likely to say given that the commentary has been around how recovery will be, managing expectations. The recent fairly positive data points we have gotten. S p active futures after the session overnight really erasing some of those earlier losses as well. Some of the gains we have seen trading flat at the moment. U. S. Stocks fell. Could have been worse if not for that rebound in tech shares stemming the losses. It did get close to that threshold to be considered a market correction. 0. 1 ires down by should say by 1 at the moment. Japanese markets are closed for a second day this week for the autumn equinox holiday. ,ydney futures down by 1 trading in new zealand down by 0. 1 . Victoria has come o
Good morning thanks for joining us here on r. T. International. Moscow is again urging berland to Exchange Information about the alleged poisoning of russian Opposition Leader alexei intervallic adding it has nothing to hide as International Pressure mounts on russia over the case the us president of the trump though says that he hasnt yet seen any proof the point of the poisoning claims. Well i dont know exactly what happened i think its its tragic its terrible and shouldnt happen we havent had any proof yet but i will take a look there have been International Calls for transparency from russia in an investigation into what happened to alexina valmy the Russian Foreign minister sergei a lover of has said moscow has nothing to hide when it comes to mist in the fall me he says russia is still waiting though for requests for information to be answered. But its we have already commented on this and said we have nothing to hide as soon as alex in the valley fell ill the plane was grounded