Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
Nasdaq up 20 and s p 500 futures up and it was another day of gains with the dow industrials closing 378 points at 4 00 oclock on wall street. Nasdaq up 67 and s p 34. Rioters setting fires and smashing windows calling for justice days after a black man is shot by police. Marco making landfall, hit the u. S. With less force than previously thought. The real threat from Tropical Storm laura looming in the gulf. Tiktok suing Trump Administration over proposed ban insisting its not a threat to National Security. Saving American Farmers. One famous man coming to the citys defense. Mornings with maria live right now. European markets in the green take a look. Cac quarante is up 36 and dax index in germany higher by 89 points. Overnight, mixed story in asia. Take a look, trade representative lighthizer spoke with official. Republicans striking optimistic tone on night one of National Convention. The gop formally nominating with inperson roll call in charlotte, North Carolina allowing 6 deleg
Now projecting anywhere from 100,000 to 240,000 total deaths in the u. S big investors are weighing in. Rosengren says the feed needs to adapt as the crisis proceeds and he expects the Unemployment Rate to rise dramatically weve got a big guest lineup coming for you in just a couple minutes, talking to james gorman from Morgan Stanley. Hell talk about the market volatility and how the banks have fared so far in this crisis lets focus in on the big stories we are watching at this hour, the final hour of trade. Mike santoli watching the market plunge meg tirrell has new details on the state of Virus Testing in america, so important. Micah, first to you on this market were seeing a pretty steep selloff here. A pretty steep selloff sad to say not that unusual after you get one of these crashlike moves, then a rebound. I think a lot of folks were hand capping this to be an area where it would stall out this may be a little more than a stall. Well have to see. This is a twoyear chart we were
Their need to reduce their social life. And a hollywood giant behind bars former movie producer Harvey Weinstein is sentenced to 23 years in prison this is what justice looks like 20 plus 3 years sentence weinstein have been convicted of rape and Sexual Assault in a case that Gains Momentum to the need to the point. Im sumi so misconducts good to have you with us the European Union is criticizing a decision by u. S. President donald trump to ban nearly all travel from europe to the United States the European Commission says that decision was taken unilaterally and without consultation that a ban will last for 30 days but excludes the u. K. And ireland and a few other countries outside the shang and passport free travel area trump said the European Union at failed to act quickly enough to prevent the spread of the disease. Until now the u. S. President had made light of the corona crisis but in a surprise statement donald trump announced new drastic measures fellow americans to keep new