Rotation this hour plus, there is still one over big overhang for stocks and that is covid cases spiking, cities shutting down. Well talk to one of los angeles biggers playest playert retail, dining on power lunch right now. Thank you, tyler. The markets are off to the races with the dow topping 30,000. This time its not big tech leading the way. Dom chu is looking at the rotation pro tellipelling us hi. Lets talk about the gold star right here. 30,117 is the intra day record so far that was the high of the day at the pandemic lows, intra day we were talking about 18,214 weve gone up roughly 65 since the pandemic lows we saw back in march. Something to keep an eye on when we talk about the dow industrials and. Talk about whats happening between growth and value take a look in just the last monthtodate period we have now seen a real outperformance in some of those value stocks just in the month of november. Well see if that trend continues with that orange line picking up steam with the
Really nice that the doctors ability cuts and runs the practice shes bracing herself for a harsh corona winter with many more patients to deal with. Any time you want my advice i dont want to be a prophet of doom and gloom but the numbers are clearly going up we all want to prevent another lockdown so we dont want to have to close the schools again somehow weve got to get through this winter. To prepare for whats coming germany wants to set up more testing stations they would receive people running at a High Temperature or with other corona symptoms additionally the Public Health office which tracks infected people was promised more personnel but that has yet to materialize the staff. And the politicians have pledged to bolster the Health Authorities over the next 5 years this requires the creation of 5000 new jobs but now as october and november approach the jobs dont yet exist in the Health Offices this is a problem that urgently needs to be addressed. But instead of relying solely o
The who reports the most infections for a single day. Global stocks trade lower as u. S. Futures swing from gains to losses. Bloomberg learns the german lender could cut up to 7000 jobs and shutter 400 branches after its current costcutting measures were called in abject failer failure. And starbucks, pepsico, and biaggi out are the latest pump needs to curtail ad spending on facebook. Pressure on the company to crack down on hate speech shows no signs of slowing down. Just under one hour away from the start of cash equity trading in europe and the u. K. Futures red across the board. In europe we are looking at 1 plus losses. Germany. Much here in euro stock futures down about. 75 . U. S. Futures swinging from gains to losses. Now we are looking at about a. 25 drop for the s p. Nasdaq futures down about. 5 . What are you seeing on the gmm . Anna in conjunction with european futures, they. 4 a point forening they a weaker open. Chinese equities looking relatively resilient. Japanese nik
Money yes concerts are cancelled and Live Performances stay down. Im sumi so much going to thank you for joining us the southern german state of bavaria has canceled the october fast beer festival because of the corona virus the event attracts more than 6000000. 00 visitors every year and authorities fear it allowing it to go ahead would lead to a spike in infections as we report the move is likely to take both a financial and emotional toll. No crowded party tents giant mugs of beer or packed out parades. Germanys biggest festival has been cancelled for the 1st time since world war 2. Large events are currently banned in germany until the end of august october 1st was supposed to start on september 19th but Officials Say the risk of infection during the coronavirus pandemic is just too high. 2 it is painful for us it is a great pity but as with many things this is not a normal year and this is certainly going to be a year without the festival. About 6000000. 00 visitors flock to the o
Im sorry so misconduct its good to have you with us the southern german state of bavaria has canceled the october fest beer festival because of the coronavirus the event attracts more than 6000000. 00 visitors every year and authorities fear that allowing it to go ahead would lead to a spike in infections as we report the move is likely to take both the financial and emotional toll. No crowded party tents giant mugs of beer or packed out parades. Germanys biggest festival has been cancelled for the 1st time since world war 2. Large events are currently banned in germany until the end of august october 1st was supposed to start on september 19th but Officials Say the risk of infection during the coronavirus pandemic is just too high 2. Which is painful for us its a great pity because with many things this is not a normal year and this is sadly going to be a year without the 1st. About 6000000. 00 visitors flock to the october fest every year crowding the Festival Grounds but also the ho