Cases surged across several u. S. States, while hong kong and tokyo report new high marks, and india considers new lockdowns. Wall street banks capitalizing on the Federal Reserves extraordinary rescue measures with record profits. Shery lets take a look at how markets are trading at the moment. U. S. Futures are coming online flat, after we saw losses in the regular session after two days of gains. We had investors continue to rotate out of this years top performers. Zero. 7 , fell about with microsoft and apple leading the losses. We had technology, the biggest decliner on the s p 500 as well. When it comes after hours trading, netflix also slumping on disappointing results. We had a couple of elements factoring into the market resurgence of virus cases factoring into the market, resurgence of virus cases, of course, but initial jobless claims higher than expected and the smallest weekly decline since march. Take a look at what oil is doing, Holding Steady at 40 a barrel, trading on
Expected employment data. There is serious catch. There were other economic reportings that were huge misses. Stocks under pressure. As you heard earnings from amazon but not just amazon. Semiconductors have led the way. Supermicro computer has led the way. Nvidia is up 200 . This stock up 700 the last year. Well obviously preview the fomc meeting, a special guest says jay powell is hapless and dissatisfactory. Investing lessons from the movie the naked gown. Why have College Protests been allowed to get out of control. Why americans are real influencers. Not just peddling stuff on social media but dictating the control of our own lives. All that and so much more on making money. Charles all right, so earnings season stock market leadership was supposed to sway away from the magnificent seven to all the other names. Now there are names in tech, but even outside of tech but after stumbling for most of the month, folks, we can see now, well the magnificent seven, most of these behemoths
Delivery numbers that are of importance for us. We dont know how big. No. Kellogg nova set to begin trading today at the nyse. Well talk to the ceo later this hour. We talked about the pain we got through in q3. A bunch of new notes this morning of top pick lists out of the major strategists. So were guaranteed some data. Maybe the fed wont be flying blind into the next meeting. Well get the big jobs report on friday. Well get the jolts report before that to see if job openings have come down and the Inflation Report next week. Those will be the determinants. November is looking like a coin flip on whether the Federal Reserve raises rates. The back drop here of rising treasury yields. The market rates rising despite the fact that were still only expecting one more or no more rate hikes for the fed. The higher for longer mentality has really seeped in to the bond market and to the stock market as well. I think that thats what you saw in the performance of september. Thats going to be th
Its front pain daily basically all european papers and the equivalent in social media. Its a huge debate and many people are very concerned about it. The debate has shown that people are concerned about theth what shay see as possible impacts. Public services, regulatory, investment arbitration environment, et cetera. Men of those fears north justified aft all by facts bit they show that people feel distanced from politics, from trade policymaking, they want to be involved and this is something we need to address. So our challenge is to provide a broad response to this and other challenges. And we are doing that by asking questions about four groups of issues. First, how do we find a way to seek broader engagement and broader trust from the public . This has bun one of my priorities so far. We have put basically all documents on the european side online so that everybody can see what we are negotiating and what we north negotiating. So were looking at now how we can be more transparent
And this week on the communicators we talk to members of congress about the legislation they are proposing. First up senator al franken. Senator senator al franken, you hailed a failure of the comcasttime warner merger as a win for consumers. Why . Guest because i firmly believe if comcast were allowed to buy time warner they would have been to go big anticompetitive, led to higher prices for consumers, less choice and if it is even possible they would surface. Host is it because of the size . Guest the size and parts of different markets. They have 30 of cable between them and 57 of internet broadband, highspeed internet broadband, that is just too big. I had a lot of content providers, networks come to me and say they were opposed to this deal but this gives you some idea of what happens when you get this big, they were afraid to say so to be public because they feared retrobution. Host did comcast come to you and try to influence your opinion guest they did not. I have been against