Thus, sam beckman freeds testimony is the latest mustsee moment. We will look at the thorny issues over technology between the u. S. And china as President Biden plans to meet with the foreign minister. First, lets get a check on the markets with abigail. Abigail we are looking at a bit of a bearish day. Two down days in a row for the major indexes. What makes it so interesting, these quarters on the surface are not so bad. Metawas pretty good but it is the disappointing for alphabet. Right now in a correction territory, bringing the nasdaq 100 into a correction territory. Meta, the color around the ad spent weighing on shares. You can see the nasdaq 100 since jp morgan reported, it is down pretty sharply. We have another down day and another down month for the nasdaq 100. Big tech getting hit on some of these earnings. Amazon after the bell. The last two weeks, take a look at the losses for some of these names. Alphabet and meta down double digits. Apple is next week. When we put this
She has been the face of her party for a generation, spending two decades as the top house democrat. Nancy pelosi made history when she became the first female speaker in 2007, until recently the most powerful woman in u. S. Politics. She has also faced years of attacks from republicans, campaign that escalated under former President Trump. We have an aberration in our country right now. That wont last too much longer, but nonetheless, we still have to strive for unity. Sometimes you achieve it. Sometimes you dont, but we have a responsibility to add act in a bipartisan, transparent, accountable way. Francine in this episode of leaders with lacqua, i traveled to vegas where nancy pelosi was championing leaders. I asked her about the democrat chances at the president ial election, the biggest geopolitical threats, and what she has learned in more than 35 years in public office. Francine speaker pelosi, thank you so much for speaking to bloomberg. You are one of the most recognizable and
Potential bankrupt ceos. We will talk about the economy, cost and growth. We will sit down and speak with both executives within the hour. From new york, i am alix steel, i almost said london, did you hear that . I do want to point out was happening in the nasdaq. Guy you think about the names reported over the last few days, alphabet, we are waiting for amazon to see what happens there but we have a pretty good picture of whats going on here and it will not be as positive as some would suggest. Alix were looking at the cloud picture and we will also get the retail, there is a strong consumption number. Guy she wants these rate rises to have an effect. How much patients can power will have with these kind of numbers . Alix how sad could 04 point 9 growth target really be . Guy how much of that will run out of the Fourth Quarter . Some of it will have to come out of the market. Alix we have been saying that for like a year. Guy lets talk about where we are, what we have in our pocket. T
It is 10 00 eastern time. The dow is down 11. Nasdaq is down 129, nasdaq sliding because big tech is almost uniformly down. The tenure treasury yield is shy at 491. Oil slipping below 85, now 83. 79. Bitcoin, 34,000 a coin, 341 to be precise. Latest read on pending home sales. Lauren the number is 72. 6, a surprise increase of one. One in the month of september. August had an alltime low so a small rebound from that. It didnt he decline further, comparing this observer to last september home sales down 11 on the year. 3 problems remain, mortgage rates, inflation. Stuart the Real Estate Industry and the market is in bad shape. Now this. It was the first piece of legislation under the new speaker, declaring solidarity with israel. It condemned hamas, called for the release of hostages and israels right to defend itself. Nine democrats voted against it. It wasnt about sending weapons to israel. It was about condemning hamas atrocities. That is what those 9 democrats could not handle. Deep
Business that logged the worst session since march of 2020. 166 billion wiped out that is equal to the entire market cap of nike and amd or disney that cloud weakness spilled over into amazon. We will hear what amazon has to say tonight after the closing bell amazon shares off from yesterday at 1. 7 . Treasury yields picked up. The 2year treasury at 5. 12 thats the key level those are good facts you gave you can find a lot of companies uccompanies. Boeing ibm. Ge to lose that and still be worth a lot is the good news and bad news maybe good news and bad news morning. Uaw and ford reaching a tentative deal to end the sixweek strike. Phil lebeau is joining us with details coming out overnight good morning reporter good morning, andrew the final push for the deal was this week after the uaw called for more strikes ford earnings were set for thursday they finalized a deal. It kaulscalls for a 25 hike foe several four and a half years. There is more Profit Sharing for retirees here is shawn