Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
Yields, even fiveyear yields at the highest level for more than a month. We are looking ahead to a few fed president s who will be speaking later today. The picture where policy will be in the months and days ahead. Seems like there is some optimism on some kind of stimulus. You can also argue that investors are looking past what happens in congress are looking more towards what happens for this election right now because the polls into a suggest, are in favor of biden. Not sure this price president ial debate will change the dynamics of that but certainly we are seeing most risk assets are outperforming with the exception of hong kong which is down 0. 8 . The kospi gaining. The Third Quarter was a surprising beat there. Nifty futures also higher by a touch. The dollar has been pretty steady. That is helping some of the asia fxes here today. In terms of movers, samsung electronics. We mention that surprise beat there. It seems like the stock is been lower by 0. 5 . Alibaba and tencent
A lot of criticism from the left when he says that donald trump sort of reassuring Many Americans that he said i am the Democratic Party thats not something that progressive like to hear the Republican Party has outperformed its Popular Support over the years because its always appealed to its base and look for ways to expand right words and the Democratic Party hasnt looked at the how to expand the left word instead it always focuses on the center and thats always very muddy and loses a lot of potential support from the left a lot of the commentators the prodemocrat commentators said biden did well by not losing arguably but on the progressive issues that you mentioned given that come on harris has expressed support previously for the Green New Deal and the world has seen the pictures of the wildfires in the United States the Climate Crisis being arguably the existential threat to the earth how is she going to triangulate the position of not supporting the green. The deal on wednesday
Services committee and how the markets may react. Then we will talk a bit about this try yant stake in our Parent Company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. Teslas battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. Whether or not hes setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. Hes giving us an underpromise, overdeliver, i think, which is highly unlike him, but it could make more a little more pizzazz. Theres been so much talk about battery day, maybe he lowers expectations an blow them out. People come out and want to buy tesla, want to buy amazon, positive notes about apple, positive note about facebook its just become the pattern youre waiting and waiting for when the selling is over and then, david, they cannot resist. Theyre down 15 and 17 p