Crucial moment in American History . We will ask a facebook early investor, as we kick off our electioneering series, where Technology Makes democracy. Preipof airbnb has plans to benefit investors. What could be the largest listing in the u. S. Of the year. I want to get you todays selloff. The vix index up a whopping 18 . Abigail doolittle in new york. Sentiment seems to be souring as we get closer to the election and cases pick up. What was driving the volatility today . Abigail many factors at work today, and you are right, there was a lot of volatility. The complacency that we felt like we had four, lets call it a few weeks, although it has been broken with the vix daca above 30. One of the drivers in the european session, the s p, a german enterprise suffer company down not just for the rest of these are but the first half of 2021, saying it will eat into their demands, that calls into question the overall i. T. Are we going to go into a period with the competitors to sap, and or
Regeneron pharmaceuticals. Something that we were looking for as i hope to get over the covid crisis, but now it appears President Trump is effectively getting a dose for himself. Of course an extraordinary day ready much sense two or one bang in the morning withhicks being diagnosed the coronavirus, but one of the more extraordinary days in a tog time in d. C. , adding that the news with the job report which is a disappointment, stimulus talks accelerating. Mostin general, one of the event driven days in quite a while. Romaine event driven and here we are, 32 days out from the u. S. President ial election. I believe david westin is standing by joining us in this coverage of what is going on with the president. David thank you so much, i want to bring to one of our colleagues that we turn to when we have health care questions, that is drew armstrong. We have this letter from President Trumps physician saying this regeneron antibody cocktail he has been treated with, tell us about that
Markets moved to the downside, Morgan Stanley at the Economic Team out with a note in the last few hours, talking about some of the risks. Markets as youhe start to see this payrolls turned back negative. What that means for the Downside Risk for the market at valuations that are by some measures full at this point. Romaine lets bring jim polson back. Upay, you see the nasdaq 100 0. 8 . Snp down half a percent. Down 2 on the day. Smaller, midcap cyclical names, that has kind of disappeared. That some of these names could come back anytime soon . Jim i think that whenever we have jitters about the virus reemerging, that creating a slowdown in economic reopenings , we will get the kind of today we got today where the market itself, great leadership by what is perceived as defensive investments, which is the new communications, consumer discretionary, that has growth outside of reliance solely on the economy. But i think we are in a new economic recovery and new bull market. Ultimately, i
Do just that. But for those in the areas most affected, we just want to encourage you to listen to and respect the guidance of your state and local authorities. I recognize this is different than two months ago, both in our ability to respond, and in the nature of those that are being infected. Younger americans have a particular responsibility to make sure they are not curing the coronavirus into settings where they would expose the most vulnerable. Lasley, as i prepare to bring dr. Birx to the podium, i would encourage every american to continue to pray. Pray for the families that have lost loved ones, pretty or the front lines, and just continue to pray that by gods grace, every single day, each of us will do our part to heal our land. With that, i will introduce the coordinator of the white house effort on the coronavirus, dr. Deborah birx. Dr. Birx thank you, mr. Vice president. Thank you for the great introduction. Just to remind everyone where we have come from in the last four
The tech index on the s p 500, you can see that reflected in the nasdaq losing at another record high. Not only do we have amazon and apple and nvidia higher, but tesla, people had turned their back on it a year ago, impressing all the way. Taylor i should have been the buyer at take private share price is where i shouldve been. One other comment about this market, financials. Citigroup is up 6 , wells fargo off 2 or so. 9 area really getting a lot of financials, particularly consumer facing stocks off 5 . A bank off something up to 9 certainly catches my attention, as we have been talking about this rotation into the valley naturals the financials. A reversal today. Caroline it really is when you are seeing the bond crescendo across the board. 10year yield down almost nine basis points. This is feeling into the pain today. Citigroup private Bank Investment officer, going to see so much continued bond buying from the fed . If you think about it, you have got two contradictory forces. O