Abandoned any hope of a virus package before the election. He says a deal will come after the vote. Big tech prepares to defend interests as jack dorsey calls section 230 the most important law for free speech and safety. Get you started with a quick check up on how markets are right now. Sophie kamaruddin. Are set toa stocks resume losses this wednesday and you have nasdaq eminis under pressure early in the Asian Session after we sawtek shares rally. We are watching what is going on with the tech space following amd agreeing to buy a company. Results could provide support for that space. Its a busy calendar for earnings. Withec reporting today sony. In australia, the asx 200 coming online with some Downside Pressure set to extend losses for a fifth straight session while the aussie dollar is holding steady, slightly under pressure, while bond yields are easing ahead of inflation data due from australia. We see a pickup. Lets flip the chart for a broader outlook on where the dollaryen
Technology stocks. Microsoft, the big one to watch after the bell, releasing Quarterly Results any moment now. So well have live coverage of those microsoft numbers as they come out. Plus in the tech world, the ceos of facebook, google and twitter are all set to appear tomorrow on capitol hill. It is a lot of people will be watching that. In fact in the last few minutes were getting word on exactly what they plan to say. The top leaders on Silicon Valley releasing some of the remarks early. Well also talk about that. Take a quick look at oil, jumping 2 after hitting a threeweek low in yesterdays trade. The oil price hovering below 40 bucks a barrel at 39. 42. On top of all of that were one week out until the 2020 election. Before we get to any numbers i mentioned lets kick things off with blake burman live at the white house. Reporter connell, it is back to big 10 country for President Trump today as he is making three different stops in three different states. I want to give you a liv
We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix remains thats the way im looking at the world right now. Lets be clear, concession speech by either candidate
Well, my view is that were coming into this election and were expecting uncertainty. Youre seeing Institutional Investors hedge against a longer period of volatility following this election. Theres clearly an expectation that perhaps tomorrow night we will not have a decision on who is going to be the president of the United States. With that being said, i think, you know, if you look at positioning into the next six to eight weeks, i think its going to be consistent with what were expecting for next year, which is an improvement in economic growth, perhaps an end or an improvement to the covid19 situation and likely stimulus from either the republicans or the democrats. It will look different depending on whos sitting in the white house and if we get a Democratic Senate but for the most part i think that investors are anticipating some stimulus coming out of this the next two to three weeks could be very choppy if we tonight hadon have that decision but i think investors are instituti
In pennsylvania. We start off with jeff flock, with the latest what is happening in milwaukee, wisconsin. Jeff, you were the first to say given some troubles they were having in the milwaukee area, but if they resolve them, they could quickly get this settled. They appear to be moving rapidly in that direction. Reporter yeah. The trouble was essentially just a tsunami of mailin ballots, 169,000 counted in this Building Back behind me. With all due respect to the president , he certainly deserves respect and to this tweet, it is not that theyre finding votes. They simply had a lot to count. And last night, as you know, neil, we showed it live on the air, we had pictures what was going on here, the counting of the mailin ballots. It was about the most transparent counting that i have ever seen. News reporters and other observers allowed to roam around outside the bounds where counts was taking play. To sob i have it, what everyone was doing, when the count came in, took from a trump lead