Mnuchin again today and we will hear from the treasury secretary in a few minutes at delivering alpha. Plus palantirs public debut, backed by peter thiel, it will be a direct listing at the New York Stock Exchange, lots to discuss there. And covid optimism, regeneron saying its treatment cocktail helps in the early stages of the virus and we will talk with the companys cofounder and chief science officer polarity on this hour jim, of course, you have to get the debate out of the way, everybody is talking about that and were going to hear the argument that if you look at futures and even some of the Prediction Markets today, theres an argument that the debate really didnt change the broad contours of the race. Before we got pmi, before we got this little squib from speaker pelosi, the futures were down very big. I was watching dom this morning, it looked like the market would be very ugly and i think that was because of arecognition that there was no way you could possibly have any sort
U. S. One report says the case has already been pulled. Jack ma seeking more than 17 billion in hong kong as a dual listing. It says it does not need cornerstone investors. We have the latest on this blockbuster sale. Shery he was futures coming online flat after u. S. Stocks fell to an eight week low in the regular session. Warnings from various fed officials of the need for more fiscal stimulus. We saw the selloff continuing. Volume below the average over the past 30 days. 11 sectors on the s p 500, all of them lower by more than 1 . Energy the worst performer as we continue to see Dollar Strength rising against every g10 peer to a seven week high. Oil is extending its losses. We saw some gains earlier in the new york session stop bullish york session. Gains limited by fed speak over the economic recovery. Haidi lets look at how the Asian Session is shaping up. Taking a look at new zealand stocks, we continue to process the rbnz rate decision. A steady beat of the drum roll toward po
Climbing and nasdaq pole vaulting 2. 26 september has still been ugly. Ive been warning you that this is historically the worst month of the year. Ever since august ended, complete with a nasty tenday close and thats precisely what we got but now that september is almost over, lets focus on the future meaning next weeks game plan. It starts on monday when we get results from the mighty four industries which dominate the rv and motor home industry. When the pandemic first hit, ford sold off hard as investors figured wed have a normal recession and rv sales get slaughtered. Sure enough, we have a slowdown and mass unemployment and an incredible boom in the rv business because these things represent one of the only safe way to go on vacation. Since then, thor stock soared but tends to pull back every time people get excited about a potential vaccine. Lie i can th i bet rvs stay longer than you might expect tuesday we hear from companies that can potentially deliver upside surprises that m
Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of that for us. Not a lot of insight on that key question siting a source close to the deal, the conversations, that have been ongoing for awhile now. The president is most likely to make a decision in the next 24 to 36 hours. Not likely today, but prior to the weekend, im told, by someone familiar with the situation that he will make a decision as to the future ownership of tiktok here in the united st
Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of American Business in less than five months . Hes got something to say about it. Hes on the show. Wednesday, augu