Demand under continued pandemic pressure s p global has reportedly put 44 billion on the table to buy londonbased ihs markets and tie up the data giants and mark the largest deal of the year shares jump after the german chip maker confirms advance take over talks with taiwans globwas it could create a leader in the Global Semiconductor space well, good morning, everybody. Welcome to street signs and happy monday it is the start of a new trading week, a week of new possibilities. But before we get into the show, i just want to take you to our main story thats hit overnight, and that is to do with china so, beijing has said that it hopes the u. S. Will not build barriers to cooperation. That was in response to a report that the Trump Administration is preparing to blacklist top chinese chip maker smic and oil major chinook. Washington will restrict access to customers by adding two companies to its list of firms owned or controlled by the Chinese Military according to reuters. Cnooc said
Talks continue into today. The s p global is in advanced talks to buy ihs mobile markets in what would be one of the biggest deals of the year. A very warm welcome to the program, everybody. Just under one hour away from the start of cash equity trading for European Equity markets. Good to be back in the studio. Thats have a look at the future is and what they tell us about where we are headed this monday morning. Futures dont look great. European features move to the downside. The Asian Session has been fairly negative. These have been record months for global stocks. Rebalancing at the end of the month perhaps is part of the story here. We will talk to the market live team about this shortly. Lets take a look at what is going on on the gmm. Some of the weakest in the weakness in the Asian Session, down one point 3 on the msci asia pacific. Indonesia under pressure. A host of emerging markets under pressure. China outperforming a little today. The Manufacturing Activity we referenced
But we will be told to proceed with caution and dow closing for the first time in history over 30,000 the question tonight, are we headed yes, thats right, are we heading higher and higher . There are positives. The president ial transition is under way. We have three coronavirus vaccines ready to rock so, is the next 10 move higher and higher or are we headed lower and lower . Well that song, thats a miserable song thats why we chose it. Please dont at me on twitter. In the list of bullish things we talk about, the peaceful transfer of power as being a bullish thing. You would think that would be a given. I find the market took that as a positive today fascinating. I will be the first to say in terms of the Broader Market, i have been dead wrong we have had individuals stocks we have done a good job with Broader Market not so much we are so over it in terms of valuation, euphoria, the things that can go right, not just the head winds out there despite it has bnsecause i been market we
North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
An antitrust lawsuit against google, characterizing its search and advertising business as a monopoly. Shares shrugging it off, up 2 well speak to a top analyst about what it could mean Going Forward for big tk and Tilman Fertitta is seeing bright spots in the country. Hell tell us where and why. Power lunch starts right now let me welcome you to power lunch as well take a look at some of the big names we are watching today. Netflix slightly higher ahead of its earning reports, that stock down about 4 . And no earnings boost to ibm, thats the biggest drag on the dow after reporting its Third Straight quarter of revenue declin declines and financials one of the best performing sectors thanks to regional banks, helping the rest of the group kelly. John, thank you we begin with the two big stories out of washington today. Elan has the story but first Kayla Tausche is tracking new developments on stimulus aid reporter today marks the end of the 48hour window that nancy pelosi set to reach