Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Grand jury decision to clear two of three Police Officers involved in the deadly raid on Breonna Taylors apartment. Good evening. Thank you for joining us. Breonna taylor was shot and killed by police in march as officers served a no knock warrant at her boyfriends apartment. Thinking it was an intruder the boyfriend fired a warning shot that struck an officer in the leg. Brett hankison was fired as a ruflt the incident. He is the lone officer charged and is out on bail tonight. He wantonly shot a gun. Reporter those words would be repeated two more times as a grand jury chose to indict former Police Officer Brett Hankison in the Breonna Taylor case. He was not charged for her death but for shooting into a neighboring apartment. As for two other Police Officers under investigation there was no mention of them today. Kentuckys attorney general says they why justified in their use of force. The decision took a personal tone as he answered questions i understand that as a black man. How p
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
Then nikolas partnership with gm. Why both stocks are set to surge despite of course the broader selloff. And finally, this tesla snub. The s ps decision to leave tesla out of its benchmark having a huge impact on the stock. Not the only reason, of course well explain why later on this hour jim, thank goodness youre back, man. It was good to get your take from home at least on friday amid this madness. Well, ill tell you, what i saw last week and i see today is this parabolic move. Look, fridays close, i thought it was what we would call phony. I mean the big rally please i didnt think there was anything to it other than Short Covering i think well revisit the lows that we saw friday and then we have to rethink, because the selling, frankly, is too hard this morning that doesnt mean that i dont think ultimately the people who dont know what they own shouldnt sell, im saying this is just trying to find price discovery, where we were friday, and then we able to figure out what to do davi