States. Hes at the Scranton International airport just outside the hometown of his opponent, joe biden. Former Vice President biden, step for step in pennsylvania at this hour. He just wrapped up an event in monaca, and will be heading to pittsburgh for two events later. Both candidates hoping lastminute stops in the keystone state will be the key to victory tomorrow. Lets curate crucial charts and numbers for you. The gravitational pull for stocks going both north and south, although with the nasdaq we look like we are going to go back up north for the moment after suffering its worst week since march, you can see the Dow Jones Industrials back on track for the bulls, up 423 points. Of course, on this first day of november trade, you have the nasdaq whipsawing up and down. Right nows t its down three points. Low of the session, a loss of 80. A high of 159. Trying to figure out the direction for that index. The vix or wall street fear gauge complacent at this hour. It actually, as we l
Being the final week where they really recalibrate. And remember, for years ago, this is one President Trump, with a vengeance, recalibrated. Francine yes, we look at the polls, we look at georgia. Thatof these swing states have been, for a pretty long time, read turning blue, so we will look at the polls there. And it must be election week if you are singing to me. That is what the markets are looking at, and that is, what they say, even what Boris Johnson is looking at before signing with the e. U. Tom long lines across the nation, a lot of stories and anecdotes on that. Lets get to our first word news. In new york city, ritika gupta. Ritika good morning. House Speaker Nancy Pelosi says the chamber could pass a pandemic relief package this week. Still, a deal with the white house remains elusive. The republican led senate may not act before the election. Both sides accuse each other of moving the goal posts on legislation. Mark meadows says the u. S. Is not going to control the pande
Come on, jon. Theent an hour reviewing dynamics. Theres been a real deterioration. Mike Allen Publishing moments ago for axios, and he melds the two stories together. Hes focused on wisconsin and montana being those swing states with huge pandemic issues. Jonathan and yet, wheres biden and harris going to be this week . Biden in georgia, harris in texas. Who would have thought that was to the election, those are the two places they would be. Tom georgia has really been front and center. Londonitical analyst in Francine Lacqua mentions she is focused on george as well. Jonathan new restrictions across the continent, and what are we not talking about this morning . We are not talking about stimulus conversations. This market adjusting lower. Lisa perhaps you can blame the fact that we havent gotten a fiscal deal. Week, wasch a huge andt days to the election, the data does stay pretty soft. 10 00 a. M. , we are getting u. S. Newhome sales. Expect deceleration in the full number based not
Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
Well in many states. Businesses are holding back from spending amid the pandemic and stimulus talks appear to be at a standstill once again with leaders from both sides accusing one another of moving the goal posts in the negotiations. Unlikely we will get a stimulus before the election. 59 minutes to go, dow down 2. 2 . Lets get to the stories we are watching right now as stocks fall sharply mike santoli is tracking the market selloff for us. Which parts he is watching in particular meg tirrell digging into the latest covid numbers mike, whats the broader take on what is happening today average bit of a rethink on a mull pent fronts the idea that covid might cause more business disruption last week the s p 500 was skirting this boundary between this sort of breakout level we had and around 3,400 we are actually below that right now. Did a little bit of damage s p and the nasdaq fell below the 50day average the s. A. P. Warning probably evented the nasdaq from doing a better job of sup