Comments since saturdays Election Results poured in were live with a preview. And call it the holiday insurance policy that whole foods says home cooks just cant be without this thanksgiving it is wednesday, november 1 1t, you are watching Worldwide Exchange here on cnbc welcome from wherever in the world that you may be watching test veterans day. Bond market is closed. And the late jimi hendrix was a paratrooper. Happy veterans day and here is how your money is setting up the day futures are higher and across the board. And yes, that includes the nasdaq now, yesterday certainly more muted than mondays vaccine fueled rally, but still a good day for most nontechnology stocks the dow up now six of the past seven sessions and if you are counting at home, i know you are, we need to get above 29,551 on the dow. Just about 131 points from here. Big tech still starting to look like a big problem lately. The nasdaq done ovwn over 1 at. Zoom done. And individual wvideo game makee could you sig
Vornado, Regency Centers and kimco down 40 this year on growing concerns about their tenants ability to pay rent as most nonessential retail remains shuttered across the United States back to carl eric, thank you very much good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt is back after a week off coming to you live from separate location. Major averages off of the morning lows dow was down 500, now down half of that. A big week of earnings, ibm tonight, netflix and others in the days to come and then, jon, oil is a major story as the front month contract does expire tomorrow. It is thats had a big impact on the markets overall. Im looking at all kinds of retail and ecommerce as well, making some strong moves in the past when i was off and over the past month as well, guys that is where well start this morning. Lets bring in heath terry, Goldman Sachs internet analyst good to see you. Yeah, good to see you too, thanks, jon. So as i was just sayi
Overnight, though they lost some ground this morning. A lot to watch, china pmi backing expansion, the fed launches a new dollar repo operation. Jim, sounds like youre focused on testing, having talked to abbott last night. Right i think that myles white and now the new ceo recognize this, as they did during the aids epidemic, when you find out who has it, everything changes in this country, we can find out who has it, and doing a serilogical test, finding out from blood of people who have had it maybe a lot more people have had it than we knew. Maybe we can find who has got it, they can be quarantined. Already the carpers people are saying its only going to be med techs and hospitals. Myles and robert told me absolutely, this will devolve into a pregnancy test at home. How quickly, i dont know. Abbott labs is one of them dr. Gottlieb is going you know what ive seen science this is working in forgave earl avor ofd guys megs work with alex gorsky made me feel maybe next year we can go t
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
The chp reports, no big accidents in through the east bay, starting to build along northbound and southbound 880, down through the south bay, also noticing a little bit more traffic out along 87, and in through palo alto. A little bit of a fender bender clearing out now. Look at your south bay drives, highway 85 only looking at 11 minutes. Smooth commute so far. The search is still on for the gunman who shot two people inside a mall in san bruno. Look at the scene there. This started ahead of rush hour last night. The search causing frantic moments for b. A. R. T. Riders trying to get home on both sides of the bay. Pete suratos is live for us outside the San Francisco mall. Any updates were getting . Reporter no updates as of yet but we hope to get details from police sometime this morning. Faran mall. As they continue to search for the suspects, the two victims were hurt in this, one in critical, the other in serious condition. The mall was put on lockdown of course as a result of the