World. Good morning, everyone im david asman and for stuart entere. A second virus wave in your, that continues to weigh on investors minds today but there are hopeful signs as you can see green on the screen, meanwhile big tech is trading in the green, amazon is seeing the biggest premarket pop, they just got an upgrade from bernstein to outperform maintaining the 3400 price target, amazing, battery day for tesla which continues to plow ahead, its awful little bit and premarket activity but elon musk say we will see the new product announced until a serious highvolume, until 2022, thats when the new battery will be coming out, the market is waiting on that, and politics versus the Supreme Court, still in focus, trump met with Amy Coney Barrett on monday, multiple sources telling fox news that she is the front runner to succeed Justice Ginsburg. Senate judiciary chairman telling Lindsey Graham and sean hannity that republicans have enough votes to confirm a replacement, today we hear f
More east. We can make a difference by choosing reforestation overdue for a station recycling over disposable Smart New Solutions oberstein said in our earth is truly unique and we know that the uniqueness is what allows us to live and survive on the globe why do you assume the a modern mental soon soon global 3000 on g. W. And all ma. The cup. On the money and i think u. S. Economy that will reserve chairman Sharon Powell on he u. S. Treasury secretary stephen and you should present a contrast in views of how america is fairing during the contest. Also coming up forget about sour grapes these ones are scorched us wine growers fear for their livelihood wildfires ruining their harvest. People shun buses and trains bikes are everyones new favorite form of transport but council acquires a keep up with. The business im Kate Ferguson thanks for joining me we begin in the United States where the architects of the countrys economic response to the coronavirus are in the spotlight u. S. Federa
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
Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
Always dreamed of luxury read a blend of the impossible elegance. Like this handbag for example who isnt. But luxury is also worth 300000000. 00 International Market wild Famous Brands who shops populate the most beautiful avenues of major capital cities. But behind the glamorous exterior all the villages is not gold. The back rooms of these luxury boutiques are hidden away on the other side of the outcomes in the heart of tuscany. Hundreds of supply is timing leather for world Famous Brands was subcontracting the lower employees are overworked or in this case i was. For joining our filming. We met some questionable bosses. Welcome to a rather chilling industry. We began our investigation on our home tough. To rule being in fronts we have paris. Paris we have fashion week. But of course you know all about fashion. Star studded hack talk shows. And some want to be stuck. With a no no no theme deal. Who chooses dental chic with little. Happy Smiling Faces at louie vito. But it wasnt real