We will get insight from the director of of National Intelligence John Ratcliffe at 8 00 a. M. This morning. Take a look at tripledigit move, dow industrials up 218, nasdaq up 29 and s p up by 29. Friday industrials were up 112 points, nasdaq lower by 42 and white house trade adviser Peter Navarro on focus on swing states. Out with a report on swing state economy and we will look at michigan. Online outrage. Twitter executives online posts revealing deepseated hatred for President Trump. We are following the accusations of Technology One sideness this morning. Real november surprise. Neil degrass one day before the election making a buzz. Mornings with maria is live right now. Maria lets take a look at european markets this morning on the heels of strong performances in the u. S. Ftse 100 down 2 points but cac quarante is down 40 and dax index is higher by 15 and a half. China out with some important Economic Data reporting 4. 9 expansion in Third Quarter gdp, from a year earlier. Sale
Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
In washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan and the pressures continue to rise across the globe due to the pandemic swine flu and unpredictable weather well tell you what this could mean for those who are already struggling to get enough to we have a lot to get through to a lot of markets. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless claims at 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overall state of the economy and markets we bring in boom bust
Points the nasdaq dipped only. 1 some of these patterns are so pronounced algorithm buying all sorts of stocks i have never been a huge fan of these algorithm. There are plenty of patterns that are visible to the inconsistent eyes. On most days you can spot them before the machines do when you see them, you have to pounce let me give you some examples. Lets start with apple for years you can speak along with me. I am telling you to own it, dont trade it today was a perfect example of what i am talking about. This is a fantastic company and cheap stock. There is no need to get cute there are some days you can buy apple at a lower level days like today, apple unveiled their new iphone the experts described it and they used the most damming words in the english language, incremental. That makes it sounds like nothing special. Thats what they says about nearly every new iphone for years. What happens when theyre in the stores and people buy them i got the special apple. I got to tell you.
Your portfolio. And sony and microsoft are set to reelite next generation video game console ahead of the holidays, is and most repreorders have already preorders have already sold out. On the round table, my colleagues, ben levisohn, carlton english and jack howe. Ben, i thought the debate might be the big story of the week until we all woke up friday morning to find out thats president and first lady have covid19, but the market largely shrugged it off. Whats going on . They say that the market hates uncertainty, but investors have been planning for a lot of it. If you look at the vix, the markets fear gauge, theyre expecting a heightened level of volatility all the way through january. So Something Like this comes along, and it shocks the market, but it doesnt shock it, i think, as much as people would have normally if it had just come out of nowhere. And theres also stimulus talk going on, and actually i wouldnt say in the background. That was taking up a lot of attention this week