Google all on tap. All that and much more is coming up this hour power lunch starts right now kelly, thanks im scott wapner welcome to power lunch our reporters are all over every ae angle that matters as you know, today the busiest day of earning season. Meg tirel is watching the race for a vaccine as coronavirus cases continue to climb. And Steve Liesman has the details of a muchexpected gdt report hey, bob before we get to earnings, were having a nicely midday rally here let me show you the s p. Some technical aspects we broke above the earlier highs in the day. People do trade on technical calls on in kind of market you see that nice, quick, steady move up here there may be seasonal aspects coming into play, art cashin noting were moving into november, a seasonably strong period of the year for earnings, the early reports have just been spectacular here, generally half of the s p reporting now, 85 beating expectations and the key story is the average beat about 19 , way above the h
Pandemic. Todyman continue if we start open up the economy . Can that continue with we start to open up the economy . And what is the recourse if you wake up in your robinhood account has been drained . Good news, Abigail Doolittle is here with us. Her account has not been drained, but she has been here with us all day. Risk on we had a nether that day. Not just a risk on week, but a second in a row. For the nasdaq, third. That september felt so bearish, and it was, but we seem to have really recovered from that. Today and this week after so many whipsaws around stimulus on and off, right now there is hope among investors that stimulus is on and a big deal could be agreed on. Nearly on the week up 4 . Nasdaq having its third up week time we have first seen that since august. A big driver for both of these indexes, amazon, up 5. 2 . There could be quite a bit of upside there. Nextf course prime day is week. Thats something investors are looking forward to. Wererming risk on, bonds down
Thank you. Wall street is waiting on the deal on more stimulus from Washington Well have more on that in a second first as we head into the last month of trading before the election, october bring a number of hurdles could there be an october surprise for the markets bob has more on what to expect bob. There usually is. The good news is we have a positive start for the quarter the big story remains stimulus and the chances for getting the stimulus through the other story well hear a lot is earnings. They are better than expected. The early quarter is much better than expected. We had one of the Big Semiconductor companies came out with positive guidance thats moving all of the Semiconductor Stocks thats a big important sector. Elsewhere Different Companies out there but they have beaten the earnings constellation pepsi reinstated their guidance. That stock has been moving bed, bath and beyond they had 50 cent na they are expecting a loss. The positive trends continue into september tha
Hello and welcome to cross talk were all things are considered im pujol about how is the issue of china playing out in the American Election cycle and by the trade themselves as being tough on beijing maybe they are at least rhetorically but reality tells a very different story and it is bipartisan the commanding heights of the industry and finance have courted china for decades and have the riches to show for it is this china. To discuss this and more im joined by my guest sarah issue in knoxville she is a visiting scholar at Fudan University and in beijing we crossed the jungle he is a professor at the university of International Business and economics are across up rules in effect that means you can jump and become you want and i was ok lets go to sarah and knoxville. What role is china playing in the American Election because i said in my introduction both biden and trump want they like to show these apps ok that ad versus advair and i china obviously but i dont see it really makin
But i dont see it really making much of an impact on the electorate because there are so many other issues theres the pandemic there is an economic turndown and all the sudden its all chinas fault somehow believe me i understand what that feels like living in russia but its there yeah i think that you know thats certainly something that birth handler illiberal have asked you interest because china has been such a big part of president travels a whole you know policy agenda and so i think thats something that is really important on the list some experts think that its you know one of the top one or 2 or 3 issues d i dont know that it has that certainly agree with that but its something that they have to address but i think you know both candidates are talking about china in a negative way anythings on chinas certainly their coronavirus endemic rates you mentioned you know president trappist stated that its led to a mass worldwide killing and said that china come. And biden hasnt done mu