Plus, big tex pharma. Tech pharma. Amazon launches a digital pharmacy that includes discounts and deliveries for prime members. It promises to upend the pharmacy business as we know it and may spell trouble for thousands of small pharmacies across the country. And, just what are your children watching . A new study finds if it is childrens content on youtube, it is probably littered with ads depicting violence and providing no Educational Value whatsoever. We will have all the details. First, u. S. Stocks pulled back from record highs today as u. S. Investors turn to the surge in new cases of covid19 and lockdown measures. Pharmacy stocks took a beating after amazon announced it is getting into the pharma business. Our Abigail Doolittle has more from new york. Markets generally ended the day down, but it was a big up day for amazon. How much influence did that have . Abigail lots of great headlines that you were mentioning. It was a fairly quiet day. It started risk off and ended mildl
Gods of silicon valley. Plus, amazon launches a digital pharmacy that includes discounts and deliveries for prime members. It promises to upend the pharmacy business as we know it and may smell may spell trouble for thousands of small pharmacies across the country. Plus, what are your children watching . A new study finds if it is childrens content on youtube, it is probably littered with ads promoting violence and providing no educational content. New cases ofrge in covid19 and lockdown measures. Pharmacy stocks took a beating after amazon announced it is getting into the pharma business. Markets generally and the day down but it was a big update for amazon. How much influence did that have . Abigail lots of great headlines that you were mentioning. It was a fairly quiet day. It started risk off and ended mildly risk off with the s p 500 index down about half a percent. Betweenaq flipflopping gains and losses. At the end of the day, a very small loss. At the end of the day, amazon up
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
Suit in multiple states to stop vote counting. Heres a look at where things stand that hour. In the race to the 270 electoral votes to win the white house, according to nbc, Vice President biden has 253, President Trump as 214 we continue to await results from five critical states, pennsylvania, north carolina, georgia, nevada, and michigan. President Trump Holding on to the lead it is continuing to narrow as mail ballots are being counted the pennsylvania secretary of state will have an update next hour in arizona, President Trump narrowed the gap but biden is holding on to a 68,000 vote lead were still awaiting several hundred thousand votes in maricopa county, the most populous and diverse area in the state. A new count there expected to come later tonight and in georgia, Vice President biden has significantly narrowed the gap which recently stood at about 18,000 votes and more than 60,000 votes Outstanding New numbers from democrat leaning Fulton County coming any munn a minute and
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through