Now. Is the work from home trend here to stay or just a temporary blip its random but interesting. Well bring you the results coming up on this monday, september 28th, this is Worldwide Exchange right here on cnbc. Thank you for joining us on this monday. Lets get right now to your monday money and stock futures are higher dow futures up about 229 nasdaq futures on a percentage basis are up slightly more but do keep in mind we could see a lot of people not working today and volatility does tend to increase particularly in the morning. And the big loser lastweek was not stocks it was the medals. Gold and silver losing a lot on inflation concerns silver down a bunch last week as well not seeing a big move today maybe a slight move to higher in some of the medals gold down about. 7 of 1 now lets set you up for the week with what were going to call the wex watch list. Thats our internal name for Worldwide Exchange get it w. E. X. This is the most important thing for you this week. Now all
End. Reversing what we saw last week, 128 handle on the cable rate. We saw bank of england pushback earlier. Eurodollar, we are trying to get a 116 handle. 11645. The virus is setting the tone for growth in europe. Global covid19 cases are topping 33 million. We are nearing one million in death. Angela merkel warning germany could face more than 19,000 cases by christmas. The u. K. Health minister refused to allow more restrictions despite lawmakers pushing back against government curbs. Joining us from brussels maria, what have we learned about restrictions from different governments . We havent really seen anything new except for what was already announced last week. It has deftly changed in terms of perv Public Perception and tone. Story making headlines across europe is that warning from Angela Merkel that she is concerned about the virus. She is concerned about the number of cases we could see heading into winter and flu season. You have that number narrow there at 90,000 perhaps
Table . Speaker pelosi says theres a chance she and the treasury secretary can still reach a deal later, pause for tiktok why a judge sided with bytedance and blocked the Trump Administration ban. Futures do imply a big open to start this monday morning of course, coming off the first fourweek decline of the year. Mike, you did some writing over the weekend. Largely about the degree to which september is doing the job its supposed to do. That being the sort of pause that refreshes the argument here is that if we came into september with the markets at record highs and everything looking very stretched to the upside and sentiment and the technical position of stocks and maybe even hopes for an immediate stimulus and this fourweek decline has largely reset a lot of those factors right. You have sentiment very muchal coo acooled off and huge short position develop in nasdaq futures and pretty much 180 degrees on that front. I would say back in the neutral zone, not necessarily super beari
Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher
We are going to go straight to the white house when the News Conference happens. Meantime, talking about the magnetic pull. Yes, wall street charts are all over the place. Right now the downside is winning out. We have stocks sinking deeper into the red. Dow jones industrials down 264. Look at the nasdaq, down 155. But major swings here. We are watching this market very closely because we have been well into the green earlier. Meanwhile, the economic cold war with china still simmering as the Trump Administrations deadline for a tiktok deal is now five days away. The u. S. Ambassador to the United Nations is here in a fox business exclusive. She will share her insight on the china issues, the Russian Election interference and the iran nuclear deal. Again, this is a fox business exclusive. By the way, bridgewater, big hedge fund, ray dalio just made comments before the new York Economic Club about china as an investment. I will let you know what he said. Get your bets in. The nfl kicks