Friday to us special coverage of the election please join us then have a great day. This is boom bust the one business show you cant afford to miss branch a bore in washington coming up with a 3 day into the storm to december. As another wave of coping 1000. 00 infection slams europe the United Kingdom will reimpose a Major National lockdown straight ahead we take you across the atlantic for the latest plus as the u. S. Election campaign nears an end we take a look back at the horse race and the big dollars that fund it we have a packed show today so lets dive right in. And we lead the program with the latest lockdowns in the u. K. As europe continues to see a surge in copan 1000 cases now the announcement from british Prime Minister Boris Johnson comes as the nation eclipsed 1000000 confirmed cases of the coronavirus the new restrictions will begin thursday the 5th of november and last until the 2nd of december the Prime Minister spoke about the new measures on saturday in this countr
And solid numbers in tech are not enough to keep investors from selling, dragging down u. S. Equity futures. Good morning. Over the past 45 minutes, we have seen a leg lower across equity futures as well as across the msci asia pacific, even though yesterday wall street did close higher, it was a relatively flat close in europe. S p 500 futures down 0. 9 , and the nasdaq 100 futures extending the losses past 2 this morning. Clearly the stabilization yesterday has not been enough. It has been a difficult week in the markets. The tech overnight did not meet expectations. Apple down more than 4 in afterhours trading. It was about expenses and costs for apple in china. Twitter extending losses more than 17 in overnight trading. For investors. Alphabet, one bright spot in big tech, up or than 6 . U. S. 10 year yields at 80 basis points. This was the close yesterday for the german bund market as well as the 10 year italian btps. Christine lagarde gave a clear signal more stimulus is on the w
Changes ahead of its big hong kong listing. New controversy for one of wall streets most powerful Investment Banks this time over Sexual Misconduct allegations. And then ditching sin city, yes, ditching it, one of the biggest casino operators in the world on a plan that would focus the company entirely on mccaw and singapore. Youre watching Worldwide Exchange right here on cnbc on tuesday, october 27th, 2020. Viva las vegas good morning im dominic chu in for Brian Sullivan today. Lets begin with stock futures right now showing relative stability after big losses yesterday. You can see here the s p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. However, after yesterdays losses they could be viewed as somewhat stable. A closer look at the dow futures over the past 12 hours were well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as yo
The ground it lost during the first half of the year, during this pandemic. That many economists remain wary. Because the figure comes as a country still entering the period of rising coronavirus cases. And the economy is not entirely healed. So lets begin with these new numbers. Do you acknowledge that these record gains follow record losses . Well of course i do. The pandemic contraction because of the shut ins last winter and spring. It generated a very heavy economic toll. Very happy. Now outlook, you have a 33 increase, annualized increase in the third quarter. That is a record. And i want to go underneath the hood here. Because i think this is a selfsustaining recovery. The numbers are gargantuan. I will read them off. You have Consumer Spending of 41 , housing up 59 . This is investment and equipment up 70 . An automobile production up almost 12 100 . So my take, robert, is this. This is selfsustaining. It is going to spill over into the Current Quarter and into next year. Polic
The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi