Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
Line. President trumps top advisors want to destabilize the peg in retaliation for chinas tightening grip on the city. Hsbc slumps after bloomberg learns it was singled out in the report. Continental drift. Futures point to a second day of losses in europe. The fed Officials Say their scope for more action and economic recovering, if it stalls in the u. S. , where virus cases approach 3 million. Soon ask spending plan. The u. K. Chancellor set to unveil his measures to reinvigorate the economy. Will it be enough to drag the u. K. Out of it steepest slump in three centuries . We are just under an hour away from the cash trade here on the continent. Lets take a look at futures right now. Decent sized drops. 9 10 of 1 on ftse futures right now. Dax futures down three quarters of 1 as well. We also see u. S. Futures falling. Only 2 10 of a percent. What does the gmm tell you . Anna lets have a look at the gmm. It tells us a mixed picture through the asian session. If we look at the is in s
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 505 stocks in the s p 500, only one closed up, kroger, one of the classic kind of coronavirus safety plays. Did i
Announcer 1 next, in American History tv exclusive. Our cities tour visits lansing, michigan, where we learn more about its unique history and literary life. For eight is now, we have traveled to u. S. Cities bringing Historic Sites to our viewers. You can watch more of our visit at cspan. Org citiestour. He was a pioneer. State not until the legislature designated this area as the new capital that he came with these other folks and helped build the capital. They had a slightly more sensible approach. We had nothing here. There was no transportation. They had seven months to build a veryal city and that was a interesting and exciting and unique story of the beginning. Established the about 1836, about a year before it became a state. The designated detroit as the capital but they were told that detroit could be easily attacked and they should move the capital inland but couldnt decide where. Constitutionhe that the first session of the legislature of 1848 should be held in the new capi
Good thursday morning. Welcome to squawk alley. I am Carly Fiorina with Morgan Brennan and jon fortt. A busy day of earnings, some tech, some not to sort through today, microsoft, paypal, ebay and others on the tape two biggest movers going the opposite way, tesla is surging, twitter is tanking Julia Boorstin and phil will he be lebeau is with us. This is a stock having a rough day, one of the worst days ever as a public company, on pace for the worst month since july, 2018 shares down almost 19 lower despite growing the user base to 145 million active users. The reason it is tanking, revenue and earnings fell short of expectations as technical issues keep them from Fourth Quarter ads. Jack dorsey looked to reassure investors. Unfortunately we had some missteps in our map ads in july and august despite that, saw strong september results and good advertiser momentum. He stressed the commitment to clean up the platform and eliminate abuse. 2020 elections and integrity of the conversation