And state coronavirus response. Former Trump Administration Economic Advisor Casey Mulligan on President Trumps economic record heading into the final days of campaign 2020. Is the washington journal for wednesday, october 21, less than two weeks until election day. President trump campaigns in gastonia, Kamala Harris in asheville, North Carolina today. President barack obama campaigning in philadelphia. We invite you to answer this question. What is motivating you to vote this year . Perhaps it is an issue you are passionate about, you do not like the other candidate, maybe it is due to who you think will handle the pandemic better. Heres how you can let us know this our what is motivating you to vote. 202 7488001 if you support President Trump and mike pence. 202 7488000 if you support joe biden and Kamala Harris. Areare decided undecided or supporting another candidate, 202 7488002. cspanwj. Cial media pew in august, it was the organization that took a poll on those issues important
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
Mnuchin and says there is no agreement yet, and Majority Leader Mitch Mcconnell saying republicans and democrats still far apart, and even if both sides come to an agreement, it could be too little, too late. There has been no financial bridge to help a lot of individual americans, families withstand the recession. We are seeing a lot of bluechip release alike disney warning sign, telegraphing job cuts. The question is, if we dont get some sort of government stimulus, whether this could actually accelerate. Joe thats the big story. Duringdisney yesterday our show, more news coming out on layoffs just now. It does feel like some of the bigger corporate announcements are gathering steam a little bit. Europe, continental, shell. These are not furloughs the way that some of the layoffs were earlier in the year. These are deeper, permanent, more restructuring as the new environment starts to become clearer. Romaine disney there, you see the 28,000. Those were originally furloughs. The idea
Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
The move in Interest Rates, the impact, if any, it could have on that tech trade. Josh, ten year, 78 basis points, 30year highest since june is this going to be a big risk for that growth trade . Im not sure. It certainly could be. But heres the way that i think we want to think about this. If you go back to february of 2018, that is when the curve peaked, right . Then we had several scarce where we thould we would have a thought we would have a yield curve above those levels but were not there and every time we gotten to that level weve had a big fade what i do think is happening now that is notable, theres a big catchup under way, Small Cap Value is on fire Small Cap Value of 5. 5 over the last three days and large cap tech is not giving up much while thats happening it possible you could have both things working at once i still think that if you get the big cap tech names hanging up there toward highs and not serving as a source of cash and then you get this big catchup trade in the