Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin on this election day markets are continuing the rally we got on monday were close to session highs right now. Dow is up 665. Best day since june 5th for the dow and s p 500. Best breadth since april 8th nasdaq and s p 500 erased their october loss, jon, as were seeing things like yields go higher as well and the dollar weaken which is another sign that some of the imbedding on emerging markets going out of this election. Yeah, carl. Looking at tech overall and particularly big tech, its interesting the gap between microsoft and amazon lagging behind apple, thats narrowing a bit. Remember, you had apple above 2 trillion in market cap and around 1. 5 trillion now thats come down apple is below 2 trillion those two are still around 1. 5 alphabet lagging all of those year to date so what is surging today tesla is up 5. 5 sales force, cisco, micron, dell, if you look at enterprise space, tho
Chairman Jerome Powell saws recovery will be slower without additional stimulus, but more aid may require cooperation between democrats and republicans. Mindaltering drugs, is it time to invest in pot stocks . Ben levisohn, carlton english and reshma. Ben, voters are always half unhappy, half happy after an election, but investors were clearly gleeful, and the market was up 7. 5 , almost 7. 5 , its best postelection return since 1932. Break it down for us. Yeah. I mean, its a new narrative going around the market now. Before the election it was all about the blue wave and how you were going to get this massive stimulus thats going to drive the market. Now its about glued lock, that were not gridlock, were not going to get tax increases, massive spending, but without the tax increases, everythings going to be okay. Were basically going to have status quo with some small changes around the edges, and you could even get lucky e and see a little cooperation between biden and mcconnell who
A break from nearly 4 decades of Robert Mugabes brutal authoritarian rule and economic mismanagement but hopes for a quick recovery have been dashed the country now faces the worst economic and humanitarian crisis in a decade and critics question the political will to stamp out rampant corruption and human rights abuses my guest this week is involve ways minister of Foreign Affairs and International Trade see both more you as a former army chief he was also the face of the military coup that propelled among god what to power was involved way ever be able to see genuine political and economic reform. Foreign minister cboe seen so much oil welcome to conflict zone thank you. You were the face of the military overthrow of Robert Mugabe back in 2017 as a commander you got on television in your uniform to assure the public of a stable transition back then you were the heroes of the hour now you have an economy close to collapse with fuel food electricity shortages where is the hope in zimba
Recovery will be slower without additional stimulus, but more aid may require cooperation between democrats and republicans. Mindaltering drugs, is it time to invest in pot stocks . Ben levisohn, carlton english and reshma. Ben, voters are always half unhappy, half happy after an election, but investors were clearly gleeful, and the market was up 7. 5 , almost 7. 5 , its best postelection return since 1932. Break it down for us. Yeah. I mean, its a new narrative going around the market now. Before the election it was all about the blue wave and how you were going to get this massive stimulus thats going to drive the market. Now its about glued lock, that were not gridlock, were not going to get tax increases, massive spending, but without the tax increases, everythings going to be okay. Were basically going to have status quo with some small changes around the edges, and you could even get lucky e and see a little cooperation between biden and mcconnell who knew each other from years i
Voting early at much higher rates than republicans and so we can expect to see that the early vote will look a lot more democratic than republican and that the in person vote on election day will look a lot more republican than democratic which balance things out in ohio speed. Host what are the productions for voter turnout overall . Guest ohio traditionally has a higher rate of voter turnout then other states in the country because it is a swing state and because our elections are so competitive. In the past it is been upwards of 60 and i think we can see even higher percentageses of vor turnout rates this election season. Host walk us through the history of how ohio has voted in previous president ial elections . Guest sure. There is a saying that so goes ohio, so goes the nation and it is a saying that has the virtue of being true and no republican has ever won the white house without winning the presidency and since 1964 ohio has voted for the winning candidate in every single pre