Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Pelosi shifting the deadline to tuesday. After gdp misses, Industrial Production and retail sales accelerate. And a pair of losses on a bloomberg exclusive as the u. K. Could rewrite its lawbreaking brexit bill, a move that would revive talks with the eu. It comes after a downgrade from moodys. Its a barnstorming beat for phillips. 6 00 a. M. In london, 7 00 a. M. In amsterdam. The adjusted ebitda is up. Free cash flow will be above 2 billion by 2025 is the guidance. Phillips targets accelerated growth and higher profitability. September where they cut their guidance because the u. S. Slashed the ventilator contract by 650 million. This is going to be something which bolsters it. They are targeting comparable sales growth of 5. 6 . We will put those questions to the ceo, who joins us in just under 28 minutes. Management. Et nnmarie the standout is the new money inflows. They say considerably they have risen in the Third Quarter. Under management are up 3 . We know the ceo has been tryi
Continues to debate the next stage of emergency measures. And as the nasdaq underperforms. Its very interesting. What is the biggest driver of it is yesterdays winners that, thomas leading the declines is it that people are at home with more stimulus money that sort of a narrative in the all fangangs, tesla, zoom, ebay. Media. What do you think it is . The dow up is 1 s p 500 is up about 0. 6 , sara well, its no the so much to big show coming up. Jonathan tisch will join us and to go out for a walk anymore the Face Covering debate for people are sitting at home and doing whatever they can do on hotels hell talk a little nfl. The screen plus, testing delay snarl and training is very exciting efforts to trace and control the virus in this country, well thing. Speak with the ceo of labcorp. And what about the regions, thomas is this big jump particularly an individuals activity only so and were talking about a massive afternoon of earnings, prominent in the u. S. Or elsewhere too . Snap,
33 points and nasdaq is up 92 and the s p is up 8 points. Yesterday the dow industrials snapping a 4session winning streak with decline of the session with 135 points and nasdaq down 76 and s p lower by 11. Warning on china that i reported here first, attorney general bill barr calling out American Companies for caving into the pressure from beijing. Bombshell allegation, 15 employees of the Washington Redskins said they were harassed for years. Mornings with maria is live right now. Maria in europe mixed moves, the ftse 100 is up 21 but cac quarante is down 15 and dax higher by 42. In asia overnight markets mostly higher with the exception of japan, nikkei average overnight down a third of a percent and the other fractionally moving across the board. Some of the top stories we are watching right now, John Hopkins University reporting over 77,000 new cases yesterday. 10,000 higher than the previous high. 969 deaths were also reported. Florida, South Carolina and texas all reporting the
In terms of an after hours session for us it certainly is so many Earnings Reports coming out. And four giant Tech Companies among them coming up on this massive show, fresh off earnings this morning, an exclusive interview with david taylor shares hitting a new record high today. The company saw consumers stock up on Household Goods amid the pandemic and then at the close, well get earnings as sara mentioned from names like apple, amazon, facebook, and alphabet those companies represent some 40 of the nasdaq 100s total market cap that is all coming up today on closing bell. Lets start with the markets the dow more than 500 points intraday swings today. Now at the moment down by 200 points mike, an intraday recovery inspired by the european close this was soft. Once we got that behind us, allowed us to bounce a bit it is true. The markets absorbed that weakness in europe as well as, of course, the ugly economic numbers before the open. Also i tested the recent lows in treasury yields w