Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
Component earnings joining us for the hour is stephanie link great to have you here i think thats exactly where we should start we had earnings from walmart and cisco. Cisco is the drag on the dow how would you characterize how it reflects back to the Broader Market last quarter the same thing happened where cisco disappointed and walmart posted a better than expected number. This is what this economy swhat this market is enterprise spend is weak on trade concerns and uncertainty and thats not Getting Better any time soon versus the consumer being very strong those numbers are very impressive 6. 6 stack comp for walmart. It actually kratd. Ecommerce sales 41 . Estimates are going up for walmart and going down for cisco and i dont think theres a lot of visibility at cisco even if you listen to that Conference Call they were disappointing across the board. You got to pick your spots of where you want to be well dive deeper into each of those Companies Reports ahead. Stephanie will be wit
Fbn a. M. Starts right now. I want to be your friday night street ride. Barefoot in the moon light. Wide open road. Cheryl great shot of new york city. Its going to get cold tomorrow. Lauren oh, boy. Hi. [ laughter ] cheryl telling you to bundle up. Welcome to fbn a. M. And good morning, im cheryl casone. Lauren i brought some heat. Im lauren simonetti. Heat from the markets this morning. Cheryl were going to need it. Lets take a look at how your money is moving on this friday. We have got green arrows across the board, trade optimism once again. Its the story of the morning. Dow is up 91, s p up 10, nasdaq higher as well. Lauren hang seng is up just fractionally. Bad news out of hong kong, recession, first time in more than 10 years and with the protests and the trade war it could be even worse. Cheryl taking a look at europe peek markets, we have green across the board. That is the trade optimism story. Every market there is in the green. Lauren big rally last night, President Trump
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The storm is intensifying along the east coast. The worst of its kind in nearly a century. This is the most catastrophic event that we have faced and been able to plan for in any of our lifetimes. Sandy could be historic seen here stretching up the atlantic from the International Space station with crashing waves and flooding hours before the worst of the storm arrived. One early casualty, the hms bounty. The ship sank about 90 miles off cape haterras, north carolina. The coast guard rescued 14 crew members. Meanwhile officials urged those on land, evacuate if you are at. Stay home if you are not. Conditions are deteriorating very rapidly and the window for you getting out safely is closing. Were heeding the warning and going, and im hoping that i have a house when i come back. This was rush hour in new york city. A shut down Transit System here. In washington and boston. Kkt kkt state highways, closed, and obstacles on the campaign, trail. President obama left florida to head straight