Jon ferro in london, tom keene and Lisa Abramowicz in new york. It is a Fourth Quarter with an election in it. I love what Kevin Cirilli said. Is it going to be not election day, but election month . We will have to see, harkening bush gore. Tower hudsonf looking for a melt up. Jonathan right now i think we are playing headline roulette around fiscal talks. There is still a gap that is apparently narrowing a little bit. One thing we dont know, one thing we cant figure out, is whether this is just posturing ahead of the election, or whether both parties actually want to nail down a deal this week. House democrats delaying a vote on that plan to see if talks today actually generate something positive. Tom we will have to see as well. Opening up here with the markets, futures up 32, dow futures up to 34 in a nicer lift up 234 in a nicer lift. Ive got to go to a conversation with Speaker Pelosi that david westin will have in the noon hour, and i wonder if she will want to negotiate. Jonath
Little ahead of expectation. The employment number has picked up a little bit as well. But you need some real analysis on what is happening here. Theres one man to ask, mike mckee, bloombergs International Economics and policy correspondent. Michael read into it what you want. The numbers for ism do come in at a headline level lower than the last month. 56 last month, 55. 4 this month. It would suggest a be a little slowing, but that is the statistical anomaly probably. It isnt a major change. We see drops in new orders and production, but those were very healthy. For for new orders, 61 production. It is not positive. There is still some contraction, but it is up to 49. 6 from 46. 4 . It does suggest some progress in adding back some of the jobs that were lost. Customer inventories is an interesting category a lot of people has been what a lot of people have been watching. Do you need to increase manufacturing to replenish those inventories . That would suggest that you do. New export
We are still fighting for more money. We think the administration is coming in far too low for our heroes. I think we are close in terms of money, we are yielding on that quite a bit. Close on that except we have to see the language. One of the biggest differences is how we put money in peoples act theand in the cares republicans selfishly put in 150 billion for net operating losses benefiting a small percentage of people. Billion, a similar number in this legislation, the for poorer that is families. It is a refundable tax credit, a child tax credit, earned income tax credit. They have zero. 150 for the wealthiest, zero for the others. We are the reverse. 149, which we took down to 54 billion which we took down by shortening the amount of time it applies. As of yesterday they are still at zero. We are hoping they will come up on that, and we have great opposition in our caucus to the tax cut that is retroactive, having nothing to do with the coronavirus. Then we have issues that relat
Market, they see the s p going up another 8 by year in based on vaccine optimism, apple is helping the dow and the overall market as well, david big reveal of new products including a new watch, the stock premarket is up three box, better than 2. 5 , we have ray wang back on the show he sees apple going to 150, it is now 118. Im going to show you amazon, the Accounting Firm deloitte expects on explosive 25 35 gain in online sales this holiday season, amazon is up 37. Seven weeks exactly to the election, heres the Campaign Schedule today, joe biden gets out of his house, theres a headline, heads to florida to address the hispanic vote, Top Democrats are worried that hes been playing it too safe, Bernie Sanders wants him to harden up his message and apparently he is listening, on monday called the president a climate arsonist, strong staff, who is writing his teleprompter, is he in control of his campaign . We will ask, big event at the white house. The president witnesses the signing of
Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of that for us. Not a lot of insight on that key question siting a source close to the deal, the conversations, that have been ongoing for awhile now. The president is most likely to make a decision in the next 24 to 36 hours. Not likely today, but prior to the weekend, im told, by someone familiar with the situation that he will make a decision as to the future ownership of tiktok here in the united st