Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
And lockdown and new details to halt the ipo by the ant group and what stocks are seeing big time buying by their insiders well bring them to you, one big biotech you need to hear about it is friday the 13th, but nothing to be afraid of. This is Worldwide Exchange right here on cnbc i dont care if monday is blue, tuesday is great and wednesday too, thursday i dont care about happy friday and welcome from wherever in the world you may be watching. Im broo im Brian Sullivan thanks for joining us. Here is how your money and markets look right now stock futures are once again in the green across the board dow futures up 224, nasdaq up 105. The indexes did fall a bit yesterday, but all on pace for a very solid week and month. The russell 2000 up a stunning 11 . So far november, you dow up 10 and even the nasdaq that has been hit a bit hard is actually up 7 this month coming into this morning the real star though continues to be bitcoin. It is above 16,000 now and up as much as 20 just in th
Themselves on the wrong end of a judges decision in california it is friday, october 23, 2020 and you are watching Worldwide Exchange on cnbc good morning, everyone. Im seema mody in for Brian Sullivan we kick off your friday morning with a look at stock futures, the dow up currently about 75 points the major averages august coming off their second positive day in three. But looking to end the week in the red. Here is how were set up the dow and s p are on track to snap a three week winning streak, the nasdaq on pace to break a four week winning streak for its first worse week since september. Part of that is apparent rotation out of Technology Take a look at the ishares and momentum etf, it is down more than 2 this week. And on pace to snap a five week win streak the etf tracks tesla, apple, amazon, invidia and microsoft. But not to be out done, First Trust Dow jones Internet Fund is now down about half a percent for the week eyeing its first down beak week in five financials and regi
Kolanovic, just named number one in two categories, equity linked strategy and added to institutional researchers hall of fame. Its a big billing marko, welcome thank you, scott. Lets talk about where we are now and where we were when you made a big and important call back on march 24th, you said the following many taking into account the unprecedented monetary and fiscal measures being implemented as well unprecedented ambassador et sse over thepath month, our equity target is achievable in 2021 we sit about 4 away on the s p. It was a great call. I know our viewers want to know where you think were going now, though thank you, scott. So we are still broadly positive on the equities. As you said, we came a long way from march our price target right now is 360 for the s p 500. Obviously there is an important cat list so there is a relation based on the outcomes but broadly still positive what is it based on what can people take from this price target, which the team over at jpmorgan, w
Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val