Day of trading, but the Broader Market was done a bit for the week. Disney plus blew away expectations, can they give netflix a run for its money . And a wave of celebrities are getting into spacs. My colleagues, ben levisohn, carlton english and jack howe. Ben, a tale of two markets. Everyone was so excited about doordash and airbnb x then the market slud a little bit. Finish. Thats right, jack. Ipos got so much attention, it was almost as if the rest of the market didnt exist. I know i had to go check to see how we were doing on the week. Airbnb, as you said, more than doubled on its first day, doordash gained 86 . There have been 19 ipos that have doubled on their first day this year, and thats the most since 2000, the dot. Com bubble. Despite all that, the market did finish down just a little bit, the dow was down 0. 6 , the s p was off 1 . And its really bad data, jobless claims, but i think it was really more about political fear. Jack so stimulus, i know those negotiations are s
Day of trading, but the Broader Market was done a bit for the week. Disney plus blew away expectations, can they give netflix a run for its money . And a wave of celebrities are getting into spacs. My colleagues, ben levisohn, carlton english and jack howe. Ben, a tale of two markets. Everyone was so excited about doordash and airbnb x then the market slud a little bit. Finish. Thats right, jack. Ipos got so much attention, it was almost as if the rest of the market didnt exist. I know i had to go check to see how we were doing on the week. Airbnb, as you said, more than doubled on its first day, doordash gained 86 . There have been 19 ipos that have doubled on their first day this year, and thats the most since 2000, the dot. Com bubble. Despite all that, the market did finish down just a little bit, the dow was down 0. 6 , the s p was off 1 . And its really bad data, jobless claims, but i think it was really more about political fear. Jack so stimulus, i know those negotiations are s
Day of trading, but the Broader Market was done a bit for the week. Disney plus blew away expectations, can they give netflix a run for its money . And a wave of celebrities are getting into spacs. My colleagues, ben levisohn, carlton english and jack howe. Ben, a tale of two markets. Everyone was so excited about doordash and airbnb x then the market slud a little bit. Finish. Thats right, jack. Ipos got so much attention, it was almost as if the rest of the market didnt exist. I know i had to go check to see how we were doing on the week. Airbnb, as you said, more than doubled on its first day, doordash gained 86 . There have been 19 ipos that have doubled on their first day this year, and thats the most since 2000, the dot. Com bubble. Despite all that, the market did finish down just a little bit, the dow was down 0. 6 , the s p was off 1 . And its really bad data, jobless claims, but i think it was really more about political fear. Jack so stimulus, i know those negotiations are s
Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings theyve done a little bit, but ineffective when you look at the carnage thats out there in stocks like u. P. S. And microsoft, which both had good quarters im very cautious on the markets. Were through earnings earnings hasnt been a lift. Even though its a good earnings quarter, put it in perspective its still down 16 year over year so, markets are way overvalued corona is a big issue. I dont see returning to march lows because i checked the number of cases in china and south korea and the philippi
22 days to go until the election. Trump trails joe biden in a national poll. Yuan rally hit the pause. A weakerlowed with than expected fixing. It is just gone 6 00 a. M. Really filled with a lot of fingerpointing as mark cudmore points out. No one really expect money from a major new package before the u. S. Election, but they are betting on a monster injection. That puts our focus on the rising coronavirus cases europe is battling, and attention will shift to london. We will hear about restrictions from Boris Johnson. Lets take a look at how. Monday lets see how monday morning is shaping up. Equities, the csi 300 outperforming. Up to. 5 . There is a lot of optimism ahead of president xi jinpings address this week. That is expected to announce reforms to the upside. Trade,. S. Equities of the bond markets will be closed for columbus day. Lets take a look at what is going on across asset. When you look at the currency space, it is about the yuan. A higher dollar weaker yuan. This comes