Welcome to squawk alley. Im Carl Quintanilla Julia Boorstin and jon fortt are with us for the hour the dow session alone was down 236. Were slightly off that s p 500 is off the early lows as well zoom helping to lead the nasdaq 100, john. Looking forward to disney and cisco earnings to night. That is definitely true, carl the big themes, protect investors today. Number one, game on. The play station 5 from sony is shipping and in stores as of today. Joining the x box series x this marks the start of the biggest console refresh. Really the only major console refresh in seven years its happening during pandemic lockdown and then youve got china. I mean coming off of a record breaking singles day where the chinese Online Consumer is flexing. We have to think about that exposed deadline for tiktok to do a deal in the u. S. For those assets i dont know if the president is interested in shutting down tiktok anymore fair to say his attention is elsewhere. Thats right, jon today was the day wh
Data from the late stage kile of its Covid Vaccine and could reveal that data on how things work very soon were keeping our eyes on shares of southwest the airline saying it sees a deceleration in revenue improvements for the rest of the year, carl jim, well start with the balance between these covid numbers and the expectation that winter is going to be tough. But got to say some of the encouraging headlines out of curavac today saying that this might not be something we need every season because the mutation peers less frequent and more stable at basically refrigerator type temperatures. Look, im convinced that the people evolinvolved in this, i n well get good news from all these companies. Havent stopped the times. I expect good news from moderna. I expect good news from j j. I speexpect good news from glaxs behind, but astrazeneca. Here is the problem, carl, i keep thinking what happens, when do we get it when do we go to walgreens and just get it . And will everybody get it . I j
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
Suspending ant Group Listing major issues, this is days before the largest ipo of all time well give you the latest details. And social Media Election strategies how facebook and twitter aim to tackle misinformation on their platforms as voters head to the polls and beyond whatever beyond means, carl. David, thanks guys, were going to be talking all day and all night about arizona, florida, georgia, North Carolina, jim, goldmans got a note out just now saying because it would be difficult if the president does not win any of those states, quote, there is a good chance the election outcome will be clear on election night. Right, i think that thats what the market is saying. So the collectionive voice of the market, both yesterday and not just the morning, but when the nasdaq rallied in the afternoon and today with the futures, people say, we cannot afford after last week with the market being down, we cant afford to wait for the outcome we have to presume the outcome is going to lead to