Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
We spend our days in san francisco, i think we brought with us to new york. Had two remember, we ipos. Rocktenn company finishing the company finishing the day up 10 . As earnings out of our on out which surprised some folks. Inventory issues giving them pricing power. Shares up. You better buy that car. Caroline if only the dmv would open, then maybe i could. Ed, does it feel wobbly at the moment . There is a great story on the verge about robinhood trade happening worldwide. What does this feel like necessary given the sheer liquidity in the market . Storybinhood is an easy to focus on, and for good reason. We have a composite of about 30 indicators and it is actually in the neutral zone. There is pessimism out there and i think a lot of it has to do with the perceived disconnect. When you throw in secondary ipos, they top of are at a record high over the last three months. That is a lot of supply to come on the market. Caroline all eyes on capitol hill for that fiscal stimulus bill
Dismal jobs reports. Unemployment to soar to 20 . They broke the streak this as things actually calm down on the protest front. Walk us through the ups and downs. It was a volatile day. As to the move down breaking that fourday winning streak for nasdaq. Nd florida coronavirus numbers came out and higher than the sevenday average and the s p never recovering. Teches have it worse. Nasdaq 100 yesterday had flirted with a recordclosing high. Today, nasdaq had been above that level but not able to close so close. Stay at home weakness and the bioteches and seeing that rotation in the cyclicals. The big question is because these stocks are weighting for the averages, is there more pain especially after a big runup and stocks shouldnt be so high . Overextended conditions, quite frankly. Emily there is uncertainty and there are results withdrawing and slack is a company that we considered a pandemic winner because so many people are slacking as they work from home. And going public and spiki
Not sure certainly. Terrifyingly honkies. And reexamine the call for air passengers to get bouchers instead of refunds for Flights Canceled it during the pandemic. And more than 40 people have been killed during a prison riot in venezuela the protests started over a demand for relatives to be allowed to deliver food riots and latin americas overcrowded prisons have been increasing as coronavirus restrictions are put in place to raise a bar reports. Prisoners from a general penitentiary taken to a local hospital and dozens of them were hurt after a shootout at the prison located in the city of 190 around 450 kilometers away from caracas relatives were anxiously waiting outside dont get it i must have it and we want to know what really happened to a relatives weve been waiting since noon and we still dont know anything human rights representatives have not turned up or anything like i want to know what happened to it and most of it. Pictures shown in local media showed dozens of inmates
Ring in the new year. The new video coming in. Caught on camera, the High Altitude rescue after a teenager falls 500 feet down the side of a mountain. Plus, the shocking moment a sinkhole suddenly opens up swallowing this suv. And as more americans go online looking for love, what would you do if a celebrity reached out to you for a date . The surprise encounter involving a world famous actress. Good morning, everyone. We begin with breaking news on this new years eve. An urgent situation at the u. S. Embassy in baghdad where protesters are trying to storm the embassy furious over recent u. S. Air strikes that targeted militant fighters backed by iran. There is word that some of the protesters got through the gate of the embassy. Lets bring in abcs Julia Macfarlane standing by monitoring the situation. Julia, what have you learned . Reporter kenneth, there is a huge amount of unconfirmed information flying about. What we know and what we have seen coming in this morning from baghdad is