The pandemic. Attacks and interruptions. That is what most of the audience remembers from the first president ial debate between President Trump and Vice President joe biden. Now the commission on president ial debates is calling for a new format. Senator blackburn will be my guest. Stocks finishing higher on hopes of a new stimulus bill, but it was a choppy day. Abigail doolittle joins us from new york. Walk us through the ups and downs. Abigail certainly fitting it was a choppy day because it was a choppy quarter. And following the pattern we have seen over the last few months. Redad the premarket in the after that debate, the chaos, investors not liking it. The s p 500, up more than 1. 5 . Afternoon news that a stimulus agreement had not been reached, stocks really nosedived, not into the red, but the s p 500 only up about 3 10 of 1 . Day, windowf the dressing to the third quarter, it was the mega cap stocks that did save the day. Apple and microsoft, both up about 1. 5 , again not
Last night leasing a 2. 2 trillion dollar relief proposal last night. Joining us is emily wilkins, bloomberg congressional reporter. This mean something can get done, or something wont get done because it further polarizes any talks between pelosi and mnuchin . Emily i think we should look at this is a little bit of a lastditch effort on the part of the house. They have come down from 3. 4 trillion down to 2. 2 trillion. Theyve made it very clear they are serious about this. They have some Democrat Members in these very difficult races, having to go home and face constituents who are really hurting right now, so they are pushing for something to get done. Pelosi has said that the republicans need to come up on their offer. They have been this way for several months, so it is kind of now or never, but things dont ticket levy optimistic at this point. Guy do you think there is any chance that the president pulls a rabbit out of a hat tonight if he starts talking about what is happening w
As the seasons begin to turn, there could be more deaths and of course serious illnesses ahead. City, we saw the new york rate of positive tests at more than 3 for the first time in months. Lead to possible lockdowns either officially by the government or unofficially as residents opt on their own to stay home again. The Economic Data seems to be turning in our favor. We saw data with regards to consumer spending, Consumer Confidence. It is still a pretty delicate stage right now. Joe there are always concerns people are talking about, the lack of fiscal stimulus, the fact that we might get another wave with the virus. Gains inntinue to see Consumer Confidence. It is hard to see on this chart but it is the biggest one month sequential gain of this headline measure in 17 years. Right now, the arrows are still going up. Romaine if you would to be a glass halffull or halfempty, i should say you look at the idea that we have not quite recovered from prepandemic levels. This is a subsection
Stake. And, one more reason to leave the bay area. Devastating wildfires burning through californias wine country again. We will take stock of the damage. Those stories and more. Vmware shares up today on the back of vm world. Overall, the rebound faded today. Lets get a complete picture with Sarah Ponczek in new york. We just got some breaking news out of disney. Offcompany now laying 28,000 workers in its parks business. They had been struggling in the midst of the pandemic. Many of these workers had been furloughed with benefits but now they will be officially losing their jobs. More devastating news. Weit is just a reminder that could see more layoffs as the labor market improves. On,fact that, as time goes if we do not resume normalcy, Companies May have to make amends. And that could mean further layoffs. When you look at the Broader Market today, it was really a wait and see day. Volumes across the major stock exchanges, the lowest Trading Volume in over a month. Onlly waiting a
Prepare for their first debate. Says it is close to compromise in australia that would force it to pay for news desk get a quick check of the market. Usurers are under pressure. Futures are under pressure. The s p 500 lost half a percent in the regular session. The volume was lower than the 20 Day Moving Average given that we had the first president ial debate coming up at about three hours. Data was positive. Consumer, its jumping u. S. Consumer confidence was jumping. Companies imported more on demand. That news sent the dollar weaker. We got some fiscal stimulus negotiations and talk about a potential deal continuing to affect the markets. Look at what oil is doing. It continues to fall down toward 39 per barrel. Thats the lowest level in two weeks. It is plunging below the 100 Day Moving Average for the First Time Since june. Top traders are saying that oil will not meaningfully recover for at least another 18 months. The resilience of the chinese economy that drives the ecocalenda