And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest tech stocks so here is the question. Are stock prices in big tech stretched to a point where the value wakes no longer makes sen. We have the editor and chief of the verge joining us we have not seen valuations among the biggest stretched to this point in a long time. I kaech hearing this whole peer group value thing, but what if theyre all out of whack yeah, i think that is a big question why would
Prospects and rising virus numbers. Disney is laying off workers at its u. S. Theme parks and resorts as covid19 continues to hammer travel and demand for group entertainment. Ahead of the first u. S. President ial faceoff, that debate in cleveland happening in the next couple of hours. We are seeing asian markets looking like they will start the day pretty adrift. Chinese pmi numbers could show a steady decline further into more negative conditions. This is how u. S. Futures are trading after slippage in the overnight session with low volumes going into that debate. Contracts are pretty flat at the moment. Thinolume is expected and liquidity on the ground in asia with korean markets on a Public Holiday and the last day of trading before the golden week holidays takes the mainland Chinese Markets out of action. We are seeing a pretty flat start according to the futures session. In sydney, bearishness going into the open, looking like indicated downside of 1 when we get into cash tradin
Roll out some responses to Chinas Hong Kong law as the showdown with twitter gets escalated around the minneapolis protests oil near 33, the focus is squarely on twitter and this rule violation that the president s account got slapped with, and then the white house account, the official white house account retweets were all kind of confused, as marc benioff, who is against this obscure regulation that gives these companies an exception todo this, many are confused it seems President Trump wants to create his own enemy with if you start regulating these Companies Rather than having the exception, theyre always going to have to put a counter to what President Trump wants. I think what he may not understand is free speech is nasty. What he had until this was a great run of things. Its going to make it tough for him to be aggressive on twitter. He doesnt have press conferences that work because of all the displeasure he had with regular reporters. Hes disintermediating himself from the pub
Californias new reopening rule. And we know the nations meat supply has taken a terrible blow from covid19 but what about the Fruit Industry . Berry picking season is upon us, and the president of driscolls berries is here on how the outbreak changed his farmtotable supply chain and we have a very special Family Affair in this hour, gastrointestinal gastrointestinal it gas Charlie Gasparino and ir joined by the real stars, and the top Infectious Disease expert and charlies brother dr. Jamesgaspa rino is in the thick of the covid storm and in a very special interview with charlie and me they will both share their knowledge and stories from the frontline and the global battle against the deadly coronavirus and well ask which drugs and therapies work and which didnt and when do they think its safe for all of us to return to the workplace with less than an hour to the closing bell on this friday lets start the claman countdown. Liz and speaking of drugs and therapies we have this breaking
President trump tweeting about Jerome Powell again following the fed chairs comments the last hour. Morgan, the president continues to tweet in realtime im reading some of these tweets for the very first time. I can tell you, just a second ago, i was in the west wing and saw Peter Navarro and Robert Lighthizer, just standing just outside of the oval office, presumably set to go in and meet with the president to talk about this chinese retaliation this morning. They didnt talk to me, so i dont know exactly what theyre up to there, but they are within feet of the oval office as of a couple of seconds ago. So the president tweeting, within the past couple of seconds about china, responding here, saying, our country has lost, stupidly, trillions of dollars with china over many years. They have stolen our intellectual property at a rate of hundreds of billions of dollars a year and they want to continue i wont let that happen. We dont need china and frankly would be far better off without t