A simulcast, bloomberg radio, sirius xm jenna 119. Good morning, semper this go. Good morning, san francisco. On television, worldwide and in london with anna edwards, we say good morning as well. Of marketd set discussions today. Weve almost pushed aside that in 30 minutes in america, it will be the Economic Data point of the week to see if we see continued improvement in the labor economy from the depths of march. Anna anna absolutely. Such a flexible economy, and not the same way as many of the economies here in europe. We seem big moves in these claims numbers, and as we start to see unemployment come down, where will it level off . Thats got to be one of the key questions as we had into the fall. Tom mark zandi joining bloomberg surveillance, the great moodys economist, and he said the Unemployment Rate in america is not 10 . It is somewhere around 14 . Data 12,ly, the yields come in. A virusou to give us update in europe. Mi correct that if you go to paris, you have to quarantine
And new view from the top. Only on cbs this morning, we go inside a major new upgrade of the Empire State Building, giving visitors a soaring new perspective. When you were down there, wait until you get here. Plus, how the iconic skyscraper has shaped american culture. Its friday, october 11th, 2019. Heres todays eye opener, your world in 90 seconds. The whole entire sky was red and orange, and there was smoke everywhere. It was just crazy. Wildfires rage across Southern California. This as criticism grows over power management. Whats happened is unacceptable. A powerful snowstorm is roaring through the great plains and the central rockies. In colorado, snow and freezing temperatures turned the roads into a mess. I thought wed getting a dusting. This is a lot more. I dont know about them. I dont know what they do. The president denies knowing the two Business Associates of his attorney Rudy Giuliani who finance violations. Ampaign buckle up. In minneapolis the president unloaded on jo
Makes the company so far resilient to higher rates. Dom chu has the numbers. To your point, kelly, if you look at the s p 500, thats down roughly 54 to 5, does represent session lows at this point even at the highs of the day, only down about three points so it has been negative. Specifically in tech and communication, thats been driving the down side. 245 points on the down side. For those listening on sirius xm, its 4133 at those leaves do you 2 , 12,555 for the nasdaq each of these major indices is below the longer trend 200day moving average. Another place to keep a close eye on, look at the semiconductor etf again, the chip makers is below the 200day moving average, so something to keep an eye on as well for some of the stocks driving the action, of course, earnings from alphabet, even microsoft sharply up day yet is down about 3. 5 today. And meta platforms, weaker on the heels, and all eyes on amazon this afternoon, given what we have seen, with earns that could be something to
Doing it but our analyst says dont hes going to talk about how much he sees ahead and why he insists the competition cant catch up before that lets start with todays markets and dom chu always has our numbers kelly, markets have turned mixed in midday trading after starting off the day with some fractional gains the dow is a very modest 76 points. Thats about. 2 gain. The s p 500 is down roughly 6 to 7 points 1 10 of 1 loss there. The nasdaq underperforming that tech heavier index pulls back by just about 1 3 of 1 16,280 for the composite index a lot of individual stocks on the move today and im sure well be talking much more about all of them throughout the course of the afternoon. But here are some of the midday mover highlights starting with the absolute plunge in shopify, down nearly 20 right now pape fifth of its value gone after the ecommerce Platform Company for merchants reported actually better Quarterly Results but gave whats being viewed as a more disappointing Current Quart
Doctors are headed to texas, looking for anyone who might have come into contact with with the first person diagnosed with ebola in the u. S. Prodemocracy protesters jeered leaders. The tests are the protests are in their 60 day demanding free elections. Mary barraors ceo will lay out her strategy with Investment Investors and analysts. Gm has been hampered by record recalls so far this year. Industry, the auto chrysler numbers are out for the month of september. Scarlet fu has more on the sales, up about 19 . Up about 19 . An consensus was for increase of 16 , so this is a better than estimated increase for chrysler. Previous to this announcement, analysts had been looking for General Motors to post the highest increase, 18 . Ford is expected to show a 2. 4 drop. Were still waiting for gm and ford numbers. Reiterate, chrysler reporting u. S. Auto sales for the month of september coming in with an increase of 19 , higher than what analysts had been looking for. We will be waiting for t