I see Energy Leading the way welcome just like tyler said, tech is lagging the Broader Market right now. You can look across the sector board behind me. Financials down only 1. 3 . Look at technology its the worst performer down 5. 6 today even as the nasdaq hit a record high yesterday, its not just the big cap tech stocks selling off. The momentum names have been struggling for a lot of this week already take a look at zoom. The stock is up nearly 500 this year the this amounting to a pretty big pause. Same story with tesla. Its down 18 . Finally docusign is down about 10 . About 8 today 10 in two days and it reports earnings after the bell. Well have more on that in a moment first, lets get to bob for more on this market sell off today. Bob. Youre right, kelly this is largely momentum driven. Not external news events around the economy or vaccines like that the news has been positive let me show you the momentum etf. These are the Largest Holdings in the momentum etf. Look at stuff t
Blake burman at the white house. We have Lauren Simonetti watching the market action. Edward lawrence reporting from washington at the but on this up and down day, lauren, we start with you. Lauren lauren its with up and down day. I had to look over to see if stocks finished the green. It is changing constantly. This is the new normal. Investors are totally unsure how to price in politics. Not just the expected turbulence around the election, but the future of stimulus. Stocks got a major stimulus from comments on treasury secretary Steve Mnuchin he and House Speaker nancy pelosi theyre going to keep talking about a new relief bill as House Democrats reportedly are ready to scale down a package of their own. Doesnt mean it is going to happen up investors like they are talking. We call it the mnuchin maybe, maybe. The s p 500 avoiding falling into correction territory, up, after the closing bell by just nine points. Yes, it is positive on the year by a whole 16 points, guys. Take a look
White House Press Secretary Kayleigh Mcenany the getting criticized for calling out cnn. Cnn in the luxury of their white tower, not in my backyard studios are complaining word choices used to cover and talk about riots when innocent lives and billions of dollars of property are being destroyed in riots. Including businesses owned by minorities. This story, congressman ben cline on house judiciary on senator rand paul, jim jordan rat kelling the cages of d. C. Bureaucracy, take action on the bidens alleged corruption, details in government documents showing millions of dollars pouring in from overseas to accounts connected to hunter biden and possible criminal actors while his father was Vice President. The criminal actors are those involved in potential sex and Human Trafficking rings that biden, hunter biden could have been affiliated with or associated with. Well break it down. Also tonight top rnc official Harmeet Dhillon, senator mitching mcconnell sounding the alarm on democrats
A scathing report showing the scale of mishandled covert 19 funds in south africa well look at that and other countries facing similar allegations and voting has begun in libyas local elections because of the conflict not everyone will be constant balance. And in sports contrast in fortunes from the top seeds at the u. S. Now that jock reaches 3 to round 3 back terribly netflix has been knocked out. Hello everyone was starting in the us just 2 months away from the president ial election donald trump is again selling more doubt about ballots that would be sent in by post he was visiting North Carolina and he seemed to suggest they were here for yourself that people there should try to vote twice once by mail and once and person to be clear this is illegal but trump said it would be a good test of antifraud efforts. Theyll vote and theyre going to have to go and check their vote by going to the ball and voting that way because even if it tabulates and they wont be able to do that so let
Charm for those trying to survive. I think about it, i dream about it, i have nightmares about it. Reporter a brandnew gym. Adam kovacs opened this 20,000 square foot facility in late february after two years of planning. Covid closed it three weeks later. With limited classes outdoors only, membership went from 1300 signups to 400 and shrinking. I am an immigrant. I worked very hard to get here. Little by little i am losing everything i built. Reporter sonoma fit has two other gyms in Sonoma County wa permitted. Those locations qualified for Disaster Relief loans, but not the new facility. Denial from the Small Business administration states there is an arbitrary cutoff date and the novato gym opened up a month late to qualify. Nothing, nothing. On the federal level there is no help, on a local level there is no help. On the state level there is for sure no help. We support our Small Businesses, we support those folks that take risks and put everything on the line. Reporter Governor N