Prepare to release a scathing report targeting apple, amazon and others well let you know what they are upset about on this thus, octoberthus, october 6. This is Worldwide Exchange. Good morning, good afternoon or good evening and welcome from whenever in the world you may be watching im Brian Sullivan here is how your money and the Global Markets are setting up their day. Stock futures are not doing a whole lot, dow futures off about 63 points. The major averages all coming off a winning session on monday, the dow surging more than 400 points to cap off its best day since mid july but watch the small cap, once again they outperformed, the russell 2,000 up nearly 3 for its best day in months, and dont tell anybody, but small caps on straight for a fourth straight positive session, first time that has happened also since midjuly and there is a lot to focus on outside of the president s health you have 17 fed heads speaking this week. Jay powell will speak today, and then you have 16 oth
To you. Thank you for joining us. Im marcus washington. Well have a look at that commute coming up in just a bit. First lets start out with the forecast. Its a terrific tuesday, kari. How is it looking out there for us . It looks pretty terrific today. Its going to be a little bit cooler as we take a live look outside in san jose. Were starting out all clear here and our temperatures in the upper 50s will lead into some upper 70s by lunch time if youre planning on heading outside. We are going to see some of our high temperatures in the low 80s for the south bay but some upper 80s for the south county and well see a few spots still reaching into the 90s today. Ill talk more about this and also a chance of rain in the forecast for the weekend coming up in a few minutes. How is it looking for the Early Morning commute, mike . Kari, its early, like you said, so fewer cars. Theres one problem, though, i see slowing in oakland. In comparison to the rest of the bay, youll have the green sens
It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the
92. 24. Mnuchin setretary to testify before the house subcommittee investigating the federal response to the coronavirus pandemic. With us now to discuss is Agf Investments chief u. S. Policy strategist greg valliere. We will hear from the treasury secretary. He will be asked about additional stimulus. We are hearing republicans are pulling together some sort of stimulus but there is even opposition to that. Thathappens next, given apart from small state aid, the aide is running out for individuals . Greg nice to see you. I think we are getting close to the time where mnuchin will have to get really serious, the same with nancy pelosi. The anecdotes are getting ominous. More evictions, people fixing bankruptcy, peoples finances in terrible shape. The president does not need this before an election. Frankly, i think nancy pelosi has to recognize people are hurting and she needs to take what she can get. Vonnie if you were to call it now between the 500 billion planned by many republican
He made very clear there are tangible parallels back to the Great Depression. Let me give you the one thing i will be looking for besides your interview with lawrence kudlow, and that will be the all in Unemployment Rate. It is at 22 now. Are we going to exceed the 1933hat foggy statistic of . Jonathan i think we all hope that is the worst of it area there is a singleminded focus of this market im recovering, focusnths to come of this market on reopening come on the months to come. Tom absolutely. Just to distill that, weve got wonderful guests to talk to on our simulcast this morning. The single chart for me that matters is the vanilla twostens spread. The difference is now out three standard deviations. To trains like that, that is a giant norm us a ginormous move. Jonathan the data is 90 minutes away. Lisa we are going to be getting at 8 30 a. M. Wall street time the u. S. May jobs numbers,. Xpected to be catastrophic 7. 5 million jobs lost, expected 19 ployment rate to surpass , th