In china. China rolls out its fiveyear plan, promising to build a tech powerhouse. Coming his party also wants greater sustainability. At the ecb says more stimulus is coming as eu governments proposed new virus lockdowns. It says bond buying and support wont seize until the covid wont cease until the covid crisis dies down. Shery quick check of the markets, u. S. Futures coming online under pressure, down 1 after disappointing markets in earnings. We managed to end the session higher by more than 1 , s p 500 gaining the most in two weeks. We had strong data to surge Third Quarter u. S. Economic growth and a decline in weekly jobless claims. That recovery in the u. S. , setting us up for a recovery in asia as well. Look at new zealand trading at the moment, ever so slightly higher, asx futures pointing to a gain of. 4 , reversing declines of 1. 6 we saw thursday. Nikkei futures pointing higher, a little weakness though in seoul. Top story, plenty of action after the bell in the u. S. W
And on the campaign trail, just six days until the election, and hackers are now targeting the website for one candidate. Kayla tausche has the latest florida and call it a comeback five years in thin in the makinn d stewart reportedly seals the deal for a new streaming service. You are watching worldwide exk3e7e exchan exchange good morning, and welcome to the show im dominic chu in for Brian Sullivan first off, a hearty congra congratulations to the dodgers, beating the rays in last nights game six for their first title since 1988 this marks the second championship win for the city of l. A. With the lakers winning the nba championship last time this happened was also 1988 and it was the dodgers and the lakers, congratulations los angeles on that big win. Lets now begin this wednesday morning with a check on the stock futures picture. Were seeing implied opens for the dow of 422 to the down side, s p by roughly 42 and nasdaq by 113. This does represent right now at or near the lows of
Score lately what one new study is saying about the American Household and it may be good news for you on this monday, october 19th. This is Worldwide Exchange. Good morning, good afternoon, good evening, im Brian Sullivan thanks for joining us to kick off your week. Heres how things are looking to start this new week. Futures are solidly higher dow futures up about 135 points. Its a big autumn so far the nasdaq and nasdaq 100 coming off the fourth straight winning week both now up around 4 since the beginning of october small caps, they continue to shine. The russell 2000 up more than 8 on optimism for more stimulus as well as hope for a domestic economy rebound. Check this stat of the day out in the s p 500, 60 stocks are up more than 10 this month the best of the best is tapestry, tpr, the old coach retailer on the more macro front, another huge day for speakers from the federal reserve. Chairman Jerome Powell will make remarks along with three other fed speakers actually five other
Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh
Absolutely extraordinary. I know lisa is going to touch on this. Can we all focus a moment on 800,000 in claims at 8 30 . What is still involved in our politics and our markets is a labor economy that is, to be polite, fragile. Jonathan secretary mnuchin throwing some cold water over that. We need to talk about the new restrictions across the continent in europe. The economic recovery in europe was already fragile, already stalling. These restrictions will make that worse. Tom ive so glad you bring this up. You and i have been going back and forth on this since you got up at 9 00 a. M. London time. What i really want to focus on is the federal solution and application in europe versus the statebystate solution in america. Is that accurate . Jonathan youve also got the local issues in the United Kingdom that have really brought london into the equation. The north of the country was facing much tougher restrictions , looking down to london and asking, what about them . The answer is lond