Strong data on housing and jobs along with big beat for chicago pmi. Late breaking headlines regarding modernas vaccine. Off session highs but off the lows as we speak still wog up on the show. Coming up San Francisco fed president mary daly to talk about economic recovery, stimulus and jobs picture in america. Plus we will get a read on the consumer when we talk to the ceo of General Mills his first interview since reporting earnings last week. Cocacola entering Hard Seltzer Market with help from molson coors well talk to the ceo of molson coors exclusively about this partnership and more lets get to the big stories 59 minutes of trade. Mike santoli tracking Market Action as stocks look to close out september with a bang. Meg tirrell with headlines around moderna and leslie with the latest on palantirs review. The market, whats driving it . Sara, a lot of things blowing around in the market, quarter end, reaction to the debate, pretty good economic numbers but also in the context of a
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
The market took no prisoners all 11 s p sectors closing in the red. Todays big reversal coming si months to the day from the march bottom is this Market Recovery starting to stall is this a giant warning shot of more pain to come . Tim, what do you say well, weve been stalling since september 4th. We had such extreme, i think, euphoria in stock prices at that point and we continue to kind of suffer the consequences of where weve come from. Todays news was a combination of i get the sense this is more fear of covid uptick you see what happened across europe you see also kevin flynn, our producer, wanted me to talk about pmis because he loves them so much. Here we go those pmis show that some Services Across Europe have ground to a halt the nasdaq, which yesterday hat this heroic run, amazon which moved almost 8 in less than two sessions, a lot of that has been given back the triple qs are down 13 in 13 days i still think 240 to around 245 the nasdaq triple qtf is a leve that keeps this
Gap, all falling very hard as you can see there. Well go shopping for opportunity in that Retail Sector later on, buy gold now thats the message from one top wall street firm we will debate if there is any shine left in that big trade we start first with breaking news out of disney the stock is moving lower in the after hours session as the Company Announces some very, very major job cuts. Lets get to our own Julia Boorstin with the details. These are tens of thousands. Thats right. Disney is laying off 28,000 domestic employees, hourly, sal rye e aried and executive roles. In light of the prolonged impact of covid19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic exacerbated in california by the states unwillingness to lift restrictions that would allow disneyland to reopen, we have made the difficult decision to begin the process of reducing our workforce at our parks, experiences
Stephen mnuchin speaking on the phone today regarding stimulus negotiations with a promise to speak again tomorrow and new york city is back in had the coronavirus spotlight. People refuse to wear a mask still to come, coming up on todays show, embattled e. V. Maker nick la with new lows. Well ask the former auto executive what it all means for nikolas pending deal with gm. Plus, well speak with the newly minted president of shopify about the run that stock has been on. Up more than 150 . Well ask about the recent news of rogue employees stealing some Customer Data. Harl Harley Finkelstein will be our guest. We have the latest headlines coming out of washington, d. C. For us start with you, mike a little bit of low volume churning going on today. Maybe a little apprehensive. Kind of Holding Steady ahead of these couple of known potential catalysts, of course the president ial debate and the jobs number. After 4 two day rally, s p 500 year to date, train day, we kind of had that half 1