Themselves on the wrong end of a judges decision in california it is friday, october 23, 2020 and you are watching Worldwide Exchange on cnbc good morning, everyone. Im seema mody in for Brian Sullivan we kick off your friday morning with a look at stock futures, the dow up currently about 75 points the major averages august coming off their second positive day in three. But looking to end the week in the red. Here is how were set up the dow and s p are on track to snap a three week winning streak, the nasdaq on pace to break a four week winning streak for its first worse week since september. Part of that is apparent rotation out of Technology Take a look at the ishares and momentum etf, it is down more than 2 this week. And on pace to snap a five week win streak the etf tracks tesla, apple, amazon, invidia and microsoft. But not to be out done, First Trust Dow jones Internet Fund is now down about half a percent for the week eyeing its first down beak week in five financials and regi
We have all that and big show on making money. Charles stocks edging a little bit lower today as the street awaits whether we get more stimulus injected into this economy. Of course the reopenings are underway. A lot of Small Businesses need the aid. That is a big contention. Investors got a big bump when the ecb expanded their asset buying program, additional 600 billion euros, a lot more than anyone thought. Now it is 1. 35 trillion euros. In case you missed it here in the United States, we have folks, witnessed the greatest 50day rally in the stock market. People are wonder something this still a bear market rally . We have waltzer Wealth Management president , rebecca walser. Go back to march 23rd, someone says over a brew, next 50 days we set records to the upside, you say, come on. Maybe we were oversold but magnitude of this reversal has been mindboggling. It has, charles. It has been great. This is what we need, we need a rally to encourage the american investor to take a breat
After backlash from key democrats including aoc. Now, the cancel New York Times is trending on twitter. Media Research Center is here to sound off. Thats coming up as well. Meanwhile markets snapping back after they signaled they will hold back after further devaluations of the currency. The dow finishing up more than 300 points, recouping some of its losses after plunging 767point yesterday. That was the worst trading day of the year. Traders were relieved that china seemed to blink today but washington is pushing ahead on labeling beijing the currency manipulator. Joining me now, i carol roth, zachary and steve forbes, despite todays truths by Chinas Central Bank the war words continue with the chinese saying labeling beijing a currency manipulator will severely damage financial orders and cause chaos in financial markets. Is there anyway to strike a deal with the rhetoric getting so hot . David, i think the biggest impediments to us striking a deal is not the rhetoric, is that the c
Planning to summon south koreas ambassador on friday as the conflict over world war 2 era compensation deep woods japans foreign minister taro kono wants to urge seoul to rectify a Court Ruling Forcing 2 Japanese Companies to compensate wartime workers. A Moroccan Court has sentenced 3 men to the death of the murder of 2 scandinavian women in december last year louise of esther agha jesperson and mocking you learned were killed in their tent at a popular hiking destination the court also jailed around 20 other defendants with links to the killers. Police in western germany say they have thwarted a possible terrorist attack after raiding buildings connected to suspected islam missed extremists the raids began early this morning in cologne and a nearby town Police Reportedly detained 6 men for questioning. Should the u. S. Doubled its minimum Wage Business groups say doing so would lead to massive job losses but democrats in congress believe a wage hike is the needed to lift workers out
As a history book this years. Story. Also coming up tonight what will you look like in 50 years is a peek into your future worth your privacy in the present the popular Smartphone App face app lets the aging process take place right before your very eyes but the russian owned app is now in the eye of a political storm well explain. Well to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the u. S. President and the new women who he wants voters to hate in the hopes voters will keep him in the white house you may remember it was Hillary Clinton who became the woman trump and his supporters love to hate back in 2016 with the chant walker of trump became the republican president ial nominee and went on to become u. S. President or preparations for the next election are already in high gear and for trump that apparently means giving his base a new woman to hate make that women earlier this week the u. S. President posted racist tweets accu