Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
Earning is the big driver today. Despite that, p g, having a positive impact on the dow. 3m is your biggest threat. Im michelle carusocabrera. Here is what else is on the menu or happening this hour. Ibms board approving Quarterly Cash Dividend of 1. 40 a share and announcing a 3 billion stock buyback program. Consumer confidence taking a big tumble in october, the conference boards number, its index falling to 98. 6. And in the meantime, home prices jumping in august to near record levels. But we begin first with what is going on here with lets get to Tyler Mathisen i see what were doing. Welcome, everyone. Tyler mathisen is with us from cnbcs net net summit at the New York Stock Exchange. Well get to him in a bit. Lets start with the outrage today over health care and your money. The average premium on the benchmark obamacare plan jumping 25 . Year over year. Dan mengin joyn mengin joins us. I see there are some states where they have risen 60 , 100 . Yeah, arizona, for example, that
This show just about to kick off. Remember apple has four different operating systems, right . Mobile, mac, watch and tv so there should be a lot to talk about today. Two really big pieces of news were anticipating, tyler, one has to do with siri, that voice activate ed Virtual Assistant a you could use siri to order an uber. There is this fierce war when it comes to Virtual Assistants. Apples siri, alexa, google assistant. These tech giants maybe could use Virtual Assistants to move hardware. For example, the team at forester think theyve sold 3 million amazon he can coast. Maybe you open it up and get a piece of that but first and foremost even before the Business Model all these tech giants and event, developers and consumers and investors that theyre all keeping pace with each other and whats thought about as the next great phase of personal computing, also today we think were going to get a makeover to apple music, remember, it was just a year ago apple music was the talk at this