Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
The experts weigh ip. And the rain is on its way. What you need to know before you head out the door tomorrow. But first we begin with breaking news in the president ial election. Nine days later, jessica, the wait is over in arizona. There is a winner and this is going to give joe biden an even bigger lead. Nbc news now projecting biden wins arizona. Hes flipped another red state blue. Biden receiving 11,000 more votes than President Trump. Arizona will award all of its 11 electoral votes to joe biden putting his total at 290. You see the map here. President trump has 217. Heres why it matters. Bidens win in arizona makes President Trumps fight to overturn the Election Results essentially impossible. If President Trump were to win in georgia and also overturn the results in pennsylvania biden would still have the 270 electoral votes to win. President trump is still refusing to concede. Tonight the Homeland Security department had a message for the country saying it was the most secure
Mark meadows and treasury secretary Stephen Menuhin called the lawmakers to pass individual lesson legislation including redirecting 130000000000. 00 in unused funds from the Paycheck Protection Program which was part of the relief package passed in march now although at this time democrats in the house of representatives have insisted on a comprehensive relief bill rather than stand alone legislation like that just like uncertainty over what may happen or what may happen to the u. S. Economy and unemployment without another stimulus bill Global Markets rallied on monday so lets go ahead and take a look at the state of the economy and markets with Octavia Moore and the c. E. O. Of optimists l. L. C. Octavio always a pleasure to have you on the show now if theres so much doubt that a stimulus bill could get done before novembers election why is the market so optimistic about it and getting a boost monday are we any closer or is this just you know algorithms taking up all the chatter. We
Results so i think would like to see a kind of we dont have a clue it would be a quite some time the kind of been. Much much worse this. d position so i think were going to see after the elections. We have a christie i believe us cohost with us as well whos just joining us now i want to propose that same question to you where do you see markets going in this next month and what or what effect will these Upcoming Elections on Global Markets and markets here in the United States. Well i think that 2020 has been a year that has been just marked by surprises and the unexpected so right now the real fear isnt about placing bets on whether or not or the real fear is that the results of the election wont be identified but on november 33rd and even if a winter is identified the transition they dont think its going to be a smooth one so there is the possibility that the election will get disrupted and could potentially even lead to violence so to that end a lot of investors right now they are f
This is the one business show you cant afford to miss in washington coming up. Relief talks in the United States have stalled once again while Global Markets surge ahead of a busy earning week or to break it all down plus the o. E. C. D. Says just proposed digital tax could cause a yearly decline in global g. D. P. Well dig into the details and a later just so much our thanks and against Chinese Telecom giant huawei affecting the companys ability to do business worldwide were going to bring you expert analysis we have a packed show today right in. And we lead the program with the latest in the ongoing stimulus talks here in the United States after the white house increased its stimulus offer to over 1. 00 trillion dollars on friday the package received. Heavy criticism from republicans and democrats casting doubt that Economic Relief would be coming to americans any time soon now the white house offer includes expanded Unemployment Insurance of 400. 00 per week stimulus stimulus checks