The bill awaits signoff from the president. Akron turns up the heat. France threatens to veto a brexit deal if it does not like the terms, piling pressure on the e. U. Not to make further concessions. Welcome to the program, everybody. 7 00 in london. 8 00 in paris. Lets look at the futures. We are fairly flat on futures. The young stock x50 futures flat. Yesterday, we saw some decent gains for the ftse, up by more than 1 and that was a standout compared to the rest of europe which was more mixed. It was mixed in the u. S. Session as well. We did actually see a bit of a late rally in u. S. Equity trading, up to some of those new highs we were talking about in headlines. All of that in the context of the hopes and dreams around u. S. Stimulus. The concern about what can legitimately be done in the shortterm and a lot of hope around vaccines. Perhaps oncent day some parts of the equities space and a late rally in the u. S. Yesterday and we are now pausing. We are pausing somewhat here. W
Falling back boeing is providing an advance for the dow inlyft customers cancelling orders this year in light of the pandemic. It is up 5 as we speak, 59 minutes left on this session coming up, kyle bass will be with us to talk about the Election Results and how president elect biden will navigate americas complicated relationship with china. Plus an interview you will not want to miss we will hear from carlos ghosn whose scrape from japan to lebanon Drew International attention. We will hear his side of the story,i his thoughts on what will happen to his former colleague and the men who helped him pull off his escape. Lets get straight to thesters we are watching mike santoli tracking the Market Action josh lip ton with the highlights from todays afternoon apple evenly joining us to talk about apple and the broader tech selloff is dan ives mike santoli tell bus the trend. Into value out of growth, into small out of large, and really out of defensive into cyclical thats been the team t
Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
Says this is one of the best looking charts in the entire market we will tell you what it is. First do you hear that whats that that is the countdown to the next round of tariffs. Come midnight sunday tariffs creased to 5 on some of the remaining goods from china many big businesses are warning the new round of tariffs will be a direct hit to consumers but today the market rallied on renewed hopes of a trade deal. Is the market putting too much stock a trade deal happening or is it the calm before the storm . Guy. We addressed it last night. Secita is with us. We were on squawk boxa coupl of weeks ago we did like nine hours one morning. I said dont short a dull market and it has proven me and i think it will be correct for the new few days into wednesday. I dont think anything has been resolved i think the problems that got us down 800 a couple of weeks ago are the same problems that exist today. Bonds continue to get negative yields all of these are huge problems the market i think ca
Does. Today it dnt. The Worlds Largest sportswear maker misd profit estimates for the first time in years. The company ramped up product laches andped up Product Development in an effort to generate more demand. All of that costs a lot of money. Its operations in china, well, many thought that would be the big ise. Actually they saw sales rise there. That caused some after hours trading tonight. Sarah ieisen starts us off. Reporter nike paintedlt another hhy picture of its conser in the report. From north america to china where there were questions about whether awf nd nationalistic attitude would hurt growth. Did not do that. More than 20 growth. Nikes home market continues to outperform peers up 9 on sales. The only weak spot in the nike report, profits came in a bit light. That was because nike is a big spender. Costs rose 10 . Ni spends on everything from athlete and celebrity endorsements to bigvents like the world cup. Its also had to spend as it transitions its business more tow