It is monday october 5th, this is Worldwide Exchange right here on cnbc well, good morning, afternoon and good evening and welcome from where ever in the world you may be watching. Im Brian Sullivan i hope that youre having a good start to your week where ever you may be its a very light data and earnings week on wall street that wouldnt matter much anyway all the attention and focus of the Financial Markets remain firmly on President Trump and the first lady and their help as well thats the key question on wall street right now the help of the president. So that is where were going to have our focus and futures, they are higher by about 141 points the polls right now have swung wildly in joe bidens direction and agree or disagree with the validity of polls and their accuracy, investors see reduced chances of the possibility of a contested election which as we have shown you can send stocks sliding. Theres also more hope for another round of stimulus perhaps closer to the 2 trillion nu
A new home thousands of refugees in greece weave into their camp but there are growing concerns about conditions that. What we fear is the before all that it will be a 2nd border to work at the same of europe. And we have all the schools scouring sparrow edges closer to return to English Premier League title tut tut known all to 7 trophy laden years and real madrid. In corona virus cases across the United Kingdom has forced the government to announce more restrictions as infections wild wide now topped 30000000 official estimates showed the number of new daily cases in england has nearly doubled to around 6000 in just the past week and leaders are warning they could be another full scale lockdown if the situation doesnt improve on new measures to stop the virus from spreading also being rolled out in parts of france and spain it comes a day after the w. H. O. Warned of an alarming rise in cases across europe and israel has now entered a nationwide lockdown for a 2nd time as infections
Styles. To learn more, visit cspan. Org the president s. Available in paperback, hardcover, and ebook. Nationalpublican convention opened in charlotte, North Carolina on monday. Here is the roll call of the states as delegates nominate renominate President Trump and Vice President pence. The convention will reconvene. We will now proceed to our next item of business, the renomination of donald j. Trump for president of the United States. [applause] use] four more years. Four more years. [chanting] four more years. Four more years. Ronna it is music to my ears. Before we begin, i would like to remind the delegates of the rules that require each candidate for nomination for president of the United States demonstrates sufficient support prior to the presentation of the name of that candidate for nomination. The chair wishes to inform the delegates it has been furnished evidence of sufficient support of the candidate who will be presented for president of the United States in compliance wi
Nasdaq up more than three quarters . The industrials also back on track today. Is there any reason for worry apart from the fact. I worry when i dont worry. I think because you change months doesnt really change the na narrative. There are pockets of the economy that are doing well and recovering housing, auto, parts, consumers, manufacturing. Did you see the numbers . The new orders jumped 5 the ism was the best number since november 2018. Manufacturing is recoverying i would argue is in a v recovery you have pocket of the economy that are not doing well. That are struggling. We have a million job in initial claims thats why i think youre going to see a fiscal package. You still have a lot of trouble in things happening with regards to travel and leisure and restaurants and that sort of thing. I do think that you get the fiscal package i dont think the change is in terms of my investments because as you recover, the economy recovers you get through the elections. I think profits recov
At that point thing starts to tail off. At least in my eye, the front end is attributed to the deregulation, the dramatic change of regulatory policy, the tax cuts and jobs act passed in 2017, but the tail off is due to him picking a trade war with china, a real slow down in the global economy, the china u. S. World trading system, and the question is whether people will theyize him for that or do support his trade policies . That is one record of interrupted of uninterrupted success. Ofid before we get to some the struggles, lets talk about successes. Deregulation. Is it almost undeniable there was success in deregulation, and can we put numbers on that . Douglas it is hard to put numbers on that. To give you a sense of the magnitude, major regulation in the United States costs more than 100 million for the private sector to comply with. The Obama Administration finalized a major regulation at an average rate of 1. 1 birthday every day for eight years. Some reported costs for complian