Joe biden making that final push to win over voters just days before the election. Brian sullivan lays out the big guide in one big battleground stooit stat state. And well go live overseas into the deep dive an app hes success. Youre watching World Wide Exchange good morning, im dominic chu in for Brian Sullivan. Lets get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. S p by about 49. And the nasdaq lower by 220. Well get in to that more. Stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3 and nearly 6 so far in just that short time span alone. It is also the last trading day of the month and october proving to be a tough one for investors. The dow down nearly 4 , the s p down 1. 5 . And the nasdaq with a fractional gain, although we know the nasdaq
The swing state of pennsylvania. How will voters react one week from the election . Its the final sprint to november 3, joe biden will leave his house to attend to events in georgia and when questioned about his relaxed schedule, he said every day is a 12 hour day. The president keeps up eight torrid pace heading to three states today pulling in huge crowds with tens of thousands attending the three events in pennsylvania yesterday and by the way, 62 million have already voted, 20 million in person and 40 million by mail. To the markets, way down yesterday, closing down 650 with the most modest of bounces this morning no bounce at all actually the dow jones will be down a couple points. Lots of corporate profit reports, they remain strong and we will bring in the highlighted a moment. The big earning report comes as afternoon. Microsoft reports and that may set the tone for the markets. As always, a big show for you with the president on the campaign. Rachel campos who wants her nine k
Juniors bakery took a ppp loan at the beginning of the pandemic now the company has been laying off its workers. All 650 workers. Some have come back. Well take a look what the they have done with the money the owner will be back with us a little bit later today on power lunch which starts right now. Thank you, bill. Welcome. The s p hitsi inhitting its hig level. Lets get to bob with more on those market moves for us. Bob. Kelly, five straight up days for the s p 500 and Global Markets are rallying as well we had a terrific opening. Once again were falling back on the usual. The big megacap names. You know those names im talking about new highs for amazon, apple, microsoft, netflix as well. Were seeing a notable rally over seas in china and china related stocks in the United States doing well. Were seeing new highs, for example in alibaba, Shanghai Exchange at a twoyear high as officials over there literally trying to jawbone the markets higher they seem to be succeeding in the short
Is another one of those mornings where it is hard for me to even construct a narrative. Disney is down, so is netflix. That can change, but there is a lot that is up, especially among the large cap tech names that are higher yeah, on the back of that jobs report, the number is quite good, but 40 of the gains came from the leisure and hospitality sectors. Its a big day for ipos. L lemonade is going public today the indication looks like that price could double on the opening. It is priced at 29 a share it looks to be between 50 and 52. That could be another good shot in the arm for the ipo market. Refreshing lemonade ipo, nice in a is where we will begin talking about the markets this morning. Lets bring in David Rosenberg good morning. Good morning. David, you have called this the no reason no rhyme market. But after this action that were seeing this morning, does today at least make sense . Look, i think the stock market is going to price in a lot of things including a vshaped recover
Struggle to recover from the coronavirus. What she is telling the broadway actor to give him hope. Safe harbor. In the world from homes series, how a tourist island in greece stayed safe from the pandemic with zero cases. Want to go there. But first, heres todays eye opener. Its your world in 90 seconds. Bottom line is the spread of this virus continues. Were seeing these cases from coast to coast across the sunbelt. Cases rising dramatically. With more than 2. 5 million americans infected, the president said he hopes the virus, quote, just disappears. Hes hoping that it will disappear. Is that the president s strategy . The president is confident it will disappear. The president said masks are good and that he would wear one looked. I thought it was okay. I looked like the lone ranger. We took this seriously. We handled it appropriately. The white house responding to allegations of bountsys placed on u. S. Troops in afghanistan. The intelligence people, many of them didnt believe it h