The index is down 10 from its record highs for the month the dow fell 4. 5 pshs, again, its worst month since march and second down nont a row the stp and nasdaq coming off twostraight losing months as you can see here the moves in october not great hanging into november. But it wasnt all red arrows we have been keeping an eye on small cap stocks they fell 1. 5 on friday, they did end the month higher by 2 for their sixthstraight positive month or sixth positive month out of seven crude under heavy selling pressure u. S. Benchmark currently 35 per barrel, 2 of the downside here for wti crude. Remember, lockdowns across europe are beginning to go into effect and thats sparking demand fears much more on that coming up. But first, around the world, a mostly higher session in asia over night on china manufacturing data hang seng in hong kong up 1. 5 europe is getting their day started. Were seeing positivity in the european markets ftse 100 up. Sticking with europe any developing story thi
Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
Equity futures lower on the ftse. The s p 500 went down. Bid into the bond market. Into the bond market we go, negative almost 60 basis points on a 10 year. Its like a throwback to our days together five years ago. There is some weight to this. Good morning. Annmarie certainly, it is. Were so excited to have you back. An absolute gladbac bloodbath, nymex dropping below 39 as the resurgence of cases in europe not going to bode well on the demand side. The supplyside worried about libyan oil barrels. Softer. A bit this is the prospect of fresh stimulus. That helped treasury yields rise. Jonathan thank you. Lets get the first word news this morning. We can do that with laura wright. Laura china is laying out a new plan for Economic Growth this week in beijing. President xi jinping is holding a meeting to decide on the next fiveyear plan. Its expected to focus on technological innovation, economic selfreliance, and the environment. But the event is closed to the press. Key decisions wont b
The days to come. David we have heard that the president is still contagious. Him fromey isolate people around him . And how will he do the debate next week . He says he is going to do it. Are a lot ofre challenges with keeping somebody who is infected in a safe space and not creating danger to those around him. We have seen this with the the fda plans to work as quickly president when he was going into as possible and will not cut the residence last night when he scientific corners to rush a had taken off his mask. Vaccine. We note there were photographers around him at that point. Hurricane delta continues to it is going to be important that strengthen as it moves toward not only the president wear a the gulf of mexico. Forecasters say it is a dangerous category 4 storm with mask but that his staffers and Anyone Around him also wear them in addition to keeping the distance, at least six feet from him. We do not know how long the end virus that virus can be infectious and it is a poin
Earlier bonds had been higher, as was the case yesterday. Yesterday i was speaking as that is one side of uncertainty. Even though stocks have been higher, bonds higher. On this news around President Trump said to have approved a broader stimulus plan, bonds are now lower. This tells you investors have some confidence a deal may get done sooner rather than later. We have heard so much back and forth on this narrative you will have to believe it once you see it, one something is agreed to and signed if that happens. David it is a little like lucy in the football. It feels like that right now. Thanks to Abigail Doolittle for a report on the markets. We have been looking not just at the polls but at Market Metrics showing how investors are pricing the outcome of the election. We welcome david hunt, president and ceo of pgim. Lets start with the breaking news. We just heard abigail say investors are getting their hopes up, maybe there will be a stimulus bill. Does this get your hopes up .