Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Bide 253 Electoral College votes, trump 214 biden needs 1 out of those gray states that you see there, which still have not reported their results yet. Were expecting new numbers from nevada any minute now. Were going to watch for that. Look at the state of play in arizona as we move around the country. You see its biden in the lead 50. 5 to 48. 1, a difference of just over 68,000 votes ive talked to some trump people they are optimistic that the tail end of the count is going to be protrump because they are votes dropped off in person. You see the margin in nevada 49. 3, trump 48. 7 86 of the vote in there thats where were expecting some new numbers today the biden margin there is narrow but we dont know exactly what vote is coming in and from where in the state and which counties its coming in were going to have to watch for that one pennsylvania, theres been counting in fits and starts and who is allowed to be in which polling play counting house to see the actual results being coun
Win this election. [applause] our goal now is to ensure the integrity for the good of this nation. Maria the president went on to say yesterday process deserves look from the highest court. This is a very big moment. This is a major fraud in our nation. We want the law to be used in a proper manner. So well be going to the u. S. Supreme court. Joe biden also speaking to his supporters over the outcome of election. Watch. Take a little longer as ive said all along it is not my place or Donald Trumps place to declare who is won this election. Thats a decision of the American People. But im optimistic about this outcome. Maria so here is where we are, six states are still too close to call. One of the ones were watching this morning pennsylvania, which has now stopped the ballot counting process until later this morning. Markets this morning are lower. Take a look at futures indicating we will see weakness at start of trading taking a hit after the overnight speech showing strength on nas
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
High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won