President trump says hes only willing to go as high as 1. 5 trillion. Signs of the pandemic getting more prominent. The u. K. Reporting a Record Number of virus cases today. With more on how it is playing into the markets, Abigail Doolittle in new york. Tech shares going back and forth but tech leading the way out of the red. Walk us through the day. Abigail another amazing one, but probably more so than a reason days because of the whiplash. The nasdaq 100 at the lows early on, down 1. 1 . It was at one point, up nearly 2 . Just about flat and then closing higher by about 6 10 of 1 . What that volatility tells you on the day, the week, the month and on the year uncertainty. No one knows. When you have firm control from the buyers or the sellers that you can make the case between february and march, the sellers were on control around the uncertainty around the pandemic. The buyers took control but on the year, just about flat for the s p 500. It is a real stalemate as we go into the el
Apple says it will shift to its own chips ending a 15year relationship with intel. Saying it is a huge leap in how the Company Powers its products. Apple silicon will bring Amazing Technology and a come your honor architecture across all of our products. Wire card whiplash shares rebound to the top of the stoxx 600 ending three sessions into an on going probe into missing funds. Welcome back you are watching street signs. Weve been closely tracking data first up on france manufacturing and then germany we saw a very strong number in the bounce back delivered less on germany still in the 40s. Weve got the eurozone numbers crossing for the block the market flash manufacturing pmi at 46. 9 versus 39. 4 in may we have improved to that level 47. 5 47. 5 on the composite pmi and climbed to 47. 3 from 30. 5 in may. Clearly the reopening normalization and social distancing on many plant floors has manufacture rear structuring of that number from various Different Countries from france, to spai
President ial candidate in a new letter and beijing roll out and new salvos in the streaming war this time from apple and netflix. It is friday, november 1 Worldwide Exchange begins right now. Good morning, your chart of the day has to be pintrest shares start to sink much more on that stock coming up check out that move off by about 20 at this stage. Stock futures open up and the dow jones by about 40. Nasdaq up by about 20 as well. The s p is trying to bounce back from its worse day since october 22 all of this after that key purchasing data. The 10year note yield 1. 69 twoyear note 1. 53 as well. Reaction out of china. Nikkei off by. 3 china rose in the fastest pace in europe, we are seeing some of that positivity as well. The german dax up. 4 . Cac up about. 3 back home, investor attention should be on the october jobs report three and hey half hours to go economists are looking for a gain of 90,000 new jobs down from 136,000 in the month of september. Unemployment rate should tick
That protest organizers have called off saturdays demonstration. Were on it, guaranteed. Think of the timing here. Protest saturday night, maybe. New tariffs on china set for sunday, maybe. There is a connection between hong kong protests and china trade and our market, which by the way, does not reopen until Tuesday Morning. But look, its dorian that is the center of attention, certainly in florida this weekend. Its likely to make landfall monday and blast the state all the way through tuesday. Already, theres been a run on groceries and gas stations. President trumps canceled his trip to poland to be in america when dorian hits. Theres a nasty note here. A former Prime Minister of canada, kim campbell, tweeted that she hopes the hurricane scores a direct hit on maralago. She doesnt like our president. All right. Stand by. The latest on dorian coming up and well have the latest biden gaffe. Yes, there has been another. Varney company is about to begin. Stuart all right. This is happen
Talking about oil, weve been watching oil along with wild moves in stock market all week and last several months michigan congresswoman House Community member is here. Talking about china trade dont ms a moment of it. So weve got a rally this morning underway triple digits move after we saw that huge wild week last week. Three down weeks in a row looking to break the longest losing streak since may if weve got china trade, tensions President Trump commented on negotiations yesterday. Heres what the president said. Monetary manipulation and pouring money into the krnghts because they dont want to lose jobs but losing as you know because you reported it but they lost over 2 million jobs in a short period of time and they want to make a deal see what happens but they want to make a deal. If i wanted to mawk a bad deal and settle on china market would go up but not the right thing to do. Im not ready to make a deal yet. China would like to im not ready. President says that apple ceo tim co