Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ
Today. Im at the boeing post, where that stock is rebounding right now. Up 2 . Weve got more on that in the meantime, the rest of the market hovering near alltime highs. Weve got 59 minutes to see if we can eke out a new record. Yeah, but just losing that momentum, morgan, in the last few minutes, now red on the a s p 500. Im wilfred frost. Good afternoon to you. Lets look at whats driving the action some trade pessimism as we got news that phase i of the u. S. Trade deal may not be signed in november, as planned Solid Earnings reports from merck and pfizer helping give the Health Care Sector a boost, but tech has turned lower with disappointing results from alphabet and grubhub, driving the nasdaq lower also to come today in our beyond the bundle series, we will get the details from at t about their new hbo max service and well also speak with one of the disrupters in the mccollum the interview coming up on closing bell. We are just negative for all three of the major indices of cours
Think it is in the next 20 years a Million Dollars a coin comes after s. E. C. Chairman jay clayton put out a cryptocurrency warning saying if an opportunity seems too good to be true, exercise extreme caution. Not every day you get Something Like that from the head of the ftc. Wheres your thinking on bitcoin prior to this runup and now that it has gone so much higher . I think bitcoin is basically an inverse mistrust index, and that is as we lose faith in institutions, it goes up a prediction, if roy moore wins the election today, bitcoin goes uptomorrow its young people saying they have no faith in our institutions or is it kim jongun making good and getting around all skien kinds of International Chaos chaos is good for bitcoin economics fail throughout history, so if you dont believe in the federal reserve, buy bitcoin. Its sort of a mistruster, to your point, john, chaos process. What about the concern that some have that these are nonsophisticated investors that are really drivin
To have you with us on this wednesday, october 30, this is the one thing youll want to look out for, slick spots on the highway. The highway, the sidewalks, the drive yaings driveways, the side streets, will have slippery patches, it temperatures below the freezing mark, 25 degrees in the city of austin right now, most of us running in the 20s, theres always an exception to the rule, right, and that is will be the cape and the islands where, were in the upper 30s to hoe 40s already 40s to most of us, 30 this plymouth and 30 new bedford, clouds in place as well, even a little bit of drizzle and snow showers, not even being picked up here on radar, low level moisture thats kind of hanging tough, so just be mindful of that, leave a destination this morning. Patchy drizzle and icy spots for the morning rush and temperatures will slowly rise above freezing, not until late time, 35, overcast sky, light and variable wind, 37 drive home with sky staying mostly cloudy, a little bit more freezin
With all of this Global Selling starting after weaker than expected ism numbers. It was a big drop. It dropped from 56 to just over 51. Massive unexpected decline and that really started things off. At the end of the day, the dow was down sliding 326 points to close below its 200day moving average. Also, the s p 500 losing more than 4 had . And the nasdaq dropped 106 points, to close below the 4,006 level. Where does that leave thus morning . At least at this point, the futures have been bouncing back, but just mildly. Now youre seeing some of the hesitation. At some point, the dow futures up by only 15 points above fair value. S p futures up by just over 2. 25 points and the s p up by 3. 6. Over to scott webb has todays top stories. Many of those stories this morning involve Quarterly Earnings reports. We are watching shares of yum brands, the parent of taco bell, pizza hut and kfc restaurant changes. It reported Fourth Quarter profits 86 above estimates. Sales fell shy, but the compa