Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Interference, but her confidence and defensive strategies in the 2020 election and beyond. Im carrie cordero, the center for a new american security. We have two sessions this morning. This session will run until 10 45 a. M. Eastern, and then i hope youll join us again at 11 30 a. M. Eastern for a session i will be moderating on foreign influence and voter attitudes. Todays conversations are part of a broader collaboration between the center for a new americanee security, the center for ethics and the rule of law, which is a part of pam law, at the end for public center, also of the university of pennsylvania. Before handed over to the moderator, this discussion is being live streamed and you can post your comments and questions on twitter using the hashtag protect democracy 2020. Our team will be monitoring the hashtag and will show your questions with our moderator. Foreign influence in our civic life was top of mine for the countries founders. America may have been caught offguard i
It was the big gainer. It closed at an alltime high. Tech has been leading the way. Sales force, facebook, taketwo and qualcomm at record highs you have to watch one stock in particular apple. After more than 10 gain on friday and thursday night, it closed up 2. 5 to an alltime high percentages away from hitting the 2 trillion market cap that 4 to 1 stock split is hit that price has to sit 477 not far off. Weve been talking about the pressure that has been put on yields in the treasury market. Right now, the 10year note at 0. 45 . Scott . Becky, im listening to you talk about tech and these companies. We have to get ready to talk nasdaq 11,000. As crazy as that would sound, we are on the doorstep. In spitting distance, basically. Unbelievable. Largy carri largely carried by these big five apple, amazon, facebook and alpha bes alphabet and microsoft looking back in march, would you have thought we would be talking nasdaq 11,000 by summer . No way. There is reason for it if you look at s
I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point we should tell you the s p 500 was within 1 2 a percent fr
Around. The nasdaq with a 1. 4 gain. The dow and the s p following suit, not quite as strongly, thanks to apple and microsoft. The 10year yield back up 256 basis points. Gold taking a little breather. To 56 basis points. To point out some of those companies i was microsoft is up. Adt is up with google taking a substantial stake in adt. Apple accounting for much of todays game. Is up as wellrck on the vaccine part of the pipeline. The markets are up today, some good signs but also some questionable signs. Manufacturing and new orders coming in above 50, so expansionary territory. Englander, in steven Standard Chartered bank, g10 fx research. Huge dynamics at play. How are you reading the current data . Tends toirstly, ism report what is happening among big manufacturing firms. The employment component was. Till soft the commentary around the strong numbers was also very cautious. I would say the impact of the numbers were a lot less than the upside surprise. Definitely, 44. 3 reading fo