Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu
You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks
Sierra right now in what could be the strongest and coldest winter storm of the season. And experts are warning not to take any chances. Oh man, this is really exciting because we have not seen a storm like this in probably three years or so. Four maybe. Definitely a different tone for the ski company. The storm creating a blizzard boost. If you are going to bring a new police chief in, are they as good as or better than what you had . Its been a long waiting game in the search for oaklands next top cop. And now the four finalists face the community. Now the outlet to curry. Long three in transition. Wow. Vintage steph in what many call the mecca of basketball. The dubs keep on rolling and moving up in the west. So good morning to all of you. Im nicole zaloumis. We are rolling into this friday. You know, its a little quirky today but were having fun and i think its the weather. Im going to blame everything onrain this weekend you guys. Blame it on the rain. But it actually wasn milli v
Here is president zelensky and his wife olena being welcomed by Prime Ministerjustin trudeau. There is full day of events, including talks with Business Leaders and members of the large Ukrainian Community in ukraine. He will also give a speech to the Canadian Parliament in ottawa. Mr zelensky flew from washington where he held talks at the white house. President biden has approved Security Assistance for kyiv valued at 325 million dollars. It includes upgrades to air defences, but not the long range missiles president zelensky has been requesting. Anti government protests are again taking place in the armenian capital, yerevan, amid anger over azerbaijans defeat this week of Ethnic Armenian separatists in the enclave of nagorno karabakh. For a third day, Opposition Groups are calling for the resignation of the Prime Minister. The latest protests come after the two sides held peace talks yesterday. Our correspondent in the region, rayhan demytrie, is following developments from neighbo