And the big week around retail rolls on, but are there any stocks out there still worth opening in the reopening trade we have some names for you on this wednesday, november 18, and this is Worldwide Exchange right here on cnbc the band subject of a little online debate that i was posting last night to my instagram good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Im Brian Sullivan and good wednesday morning hopefully you wont need a remedy today here is how your money and the Global Markets are setting up their wednesday. Stock futures are now higher across the board small gains, yeah, but they are gains none the less. Dow futures up 64 right now. It was a mostly lower session yesterday, all the major indexes breaking two session win streaks. Hey, you cant blame the market maybe for pausing in what has been a huge surge in one of the best starts to a month in decades. In a note out on the market technicals from the spoke, the
Carolina, north carolina, due to spikes in covid19 cases. Well, that spooked investors. Look at the steep drop on the dow intraday chart at exactly 12 10 p. M. Eastern time. Now heading into the final hour, the dow still losing about 145 points but off the lows of a loss of 320 or so. The nasdaq which started the day heading for a record close above 10,000 is now down 13 points at 9,930. While apple closes up some shops, cities across the nation are still moving forward with reopening their local economies. Federal reserve vice chairman is here in a fox business exclusive, in his first and only interview this cycle, we will ask him what it all means for the 45 million americans out of work. How long will the feds money spigot stay open . And what new financial tools is the fed ready to pull out of its tool kit . Breaking news, call it response or just massive blowback, but less than 24 hours after announcing moviegoers would not have to wear masks, amc theaters has just reversed course
Americans are still spending and they still have the money to spend. David and they are optimistic. Mike not only did they hang in the numbers showed the lowest Inflation Expectation in history for consumers over the next five years, just 2. 2 . Whetheris worried about Inflation Expectations get on board. T makes the on board unmoored. For is something to look in 2020. Kevin now we are going to in los angeles. What were the principal takeaways . Kevin im not sure there were major changes in the dynamic of the race. Two things coming from joe biden. He was able to successfully contrast himself to Bernie Sanders on medicare for all. After the debate, i spoke with some officials in the campaign that said they were satisfied with that aspect of the performance. I would note how he talked about china. He would want to work with the united nations, a contrast with the current status quo. Now we go over to london. We have a new head of the bank of england. What do we know about him . Andrew b
Hour dow down by about 40 points, nasdaq up about four points. Watching the treasury market, youll see the yield for the 10year is at 1. 875 we have a big dip in the bri british pound. It fell more than 1 the government is looking to make it illegal to extended post brexit exit period theyll have to the end of 2020 for the transition period. Thats the time the eu will continue to apply if still a member Boris Johnson wants to cap that period to just one year to help fast track a trade deal with the eu looking past you phil to phyllis here boeing is down five, so it is flat again yesterday, we would have been up a lot more boeg is suspending production. Boeing plans to reassign workers and doesnt expect furloughs or layoffs but it will have ripple affects and impact thousands of jobs over a ripple across the supply chain it is not going to hike. Phil is on set with us it is better they can save some money. I cant believe you could build four of those in a month, which tells you the size
Negative year in five years. Plus, new highs in striking distance stocks set for what would be a muted open after another round of wall street records. And the shipping wars, amazon blocking sellers from using fedex ground for prime fedex does report tonight after the bell lets kick off with boeing, though now on track for four straight declines the Company Confirming it will suspend production of the max beginning in january as regulators make it clear they will take their time in approving the jets return to service. Boeing says the decision is driven by a number of factors including the extension of certification into next year southwest, jim, is delaying return until april now thats the second delay in two months. They cant get this right and throughout this, the thing that people talk about, speak to large Money Managers look i do, we cant move the move this to 400 this thing gets through, we cant. Well stand there and buy the stock. Not going to let it go under 300. We want every