This follows the fed chair powells comments on an uncertain economic recovery. Airline stocks are lore wer as e group pushes for more money. Time we got the details on that. Later moderna laying out its time line for vaccine as President Trump and the cdc contradict each other about when one will be fully available to americans. Maybe were splitting hairs a little bit maybe not. Well separate fact from fiction. Kelly, bye it feels strange to be this close to someone other than any husband. Lets take a look at the big board behind me. Whats leading the way industrials and materials. The only two sec sotors in the frie green. Thats the trend we have been seeing this week its the opposite story for tech down today down about 8 in september after an epic run for this group. Lets get over to bob. Hello most of the big megacap tech stock amazon, facebook, apple are down were getting one of these periodic boost from the cyclical slash value, slash reopening look at these material names and in
Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
Trapped by floodwaters. See how total strangers put their lives on the line to get them out of danger. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. This is a flood economically and healthwise of biblical proportion, and our republican friends are lookin like they just want to fix a leaky faucet. Reporter with stimulus talks collapsing in congress, President Trump says he is prepared to take executive action. If democrats continue to hold this critical relief hostage, i will act under my authority as president to get americans the relief they need. Reporter the u. S. Has broken yet another unthinkable record. More than 160,000 people in the u. S. Have now been killed by the coronavirus. We have to remain vigilant. Were doing very well, but we have to remain vigilant. Reporter warning of a humanitarian disaster in lebanon with widespread medicine and Food Shortages after this weeks explosion. Reporter a u. S. Top intelligence official is warnin
As much as 10 some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for 25 billion in additional aid for the airlines. Nasdaq record high, gold record high, oil at a fivemonth high, 59 minutes left to trade, wilfred. Were up 0. 6 on s p 500. Ahead on todays show cbs giving up despite strong earnings and guidance, well speak with Ceo Larry Merlo about the results. Plus shares of twillio up 50 but taking a dip on earnings today. Well take a look at work from home winner. Roku, etsy and zynga analysis as soon as they cross first big stories were watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on a multibillion dollar tech tale mike, first with you. Objects in motion tend to stay in motion to this rally grinding higher as a lot of the macro forces are pretty familiar right now. Another leg lower in the u. S. Dollar, real Interest Rates are further into negative terr
America about the efforts to improve the safety of airports and planes and what the federal government can do. Security wille now come to order. Thank you, Ranking Member and the panel of witnesses for joining us today. We are here to discuss proposals for how to restore our nations been so system that has devastated by covid19. We have seen passenger volume in the last few months go as low as 5 of normal. Today it is close to 15 to 20 of normal, but that is not good enough to keep the Aviation Industry in business. It is not good enough to help this nation. Know, this pandemic is unprecedented. The lack of federal leadership and interaction, coordination is very concerning to all of us. We ask the question, how can we project our frontline aviation workers and our passengers if consultation and coordination is not there. That is why Sherman Thompson and i recently sent a letter with the leadership of the Transportation Committee to the heads of dhs and tot calling for preferred and do