White house and pelosi ibm reported after the close yesterday. Another hopeful update on the vaccine front. Modernas ceo telling the wheat journal his companys account to get emergency use authorization next month. 59 minutes left of trading up just shy of 1 on the s p 500. Coming up todays show, a nearby chopra weighs in on todays google antitrust suit from the department of trust we will ask him whether the government has a strong case against the company. Plus earnings. Netflix, texas instrument, Interactive Brokers and snap all gearing up the report results this afternoon we will bring you all the numbers as soon as they hitting with analysis. We will talk with Interactive Brokers chairman thomas petersfy. Mike santoli is tracking the market action. Ylan moi with the justice diplomats antitrust lawsuit against dealing. And we will constitutes the stimulus negotiations before the deadline to get it done before the election. Mike, start us off on the market a partialal recovery from
House. And banks ahead of a slew of earnings reports today jp morgan and citi tomorrow before the open. 59 minutes left in the session sara and we are higher across the board. The banks stocks up close to 3 for some of them 3 up for the nasdaq. Best day for the nasdaq since april. Coming up, the ceo of ho logic plus we will speak with the council on Foreign Relations richard haas about how the handling of the pandemic in the United States is being viewed by the rest of the world and how it influences geopolitics first an update on the stories we are watching. Mike mike tracking the market action, ylan moi with the latest on the stimulus negotiations and more on the coronavirus treatments mike, what is driving this rally . Good question is it possible to have a low volume buying panic . Thats a little bit what it feels like today certainly the nasdaq doing most of the work. The big cap tech stocks. Look how it aektsds affects the 17ds it looks like an acceleration higher out of the trad
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
We begin tonight with General Motors and its widening safety crisis. The automaker stunned consumers and investors today announcing another huge recall and this one involves more fatalities. Gm is recalling over eight million vehicles, all in the u. S. , after defective parts linked to another three crashrelated fatalities. Now this brings the total number of recalls to 28 million vehicles worldwide. Just for this year. Now on top of that, gm also said it would increase the Second Quarter charge to earnings to 1. 2 billion to help pay for all those recalls. The surprising news came on the same day that gm laid out the plans to compensate survivors and the families of another 13 people who were killed in crashes related to those faulty switches. Investors sold on the news. Gm shares fell nearly 1 . Joining us now to talk about all of this, phil lebeau who is covering the gm crossice fris day one. And also with us, Collin Langdon from ubs. So, phil, let me begin with you. You are just a
We begin tonight with General Motors and its widening safety crisis. The automaker stunned consumers and investors today announcing another huge recall and this one involves more fatalities. Gm is recalling over eight million vehicles, all in the u. S. , after defective parts linked to another three crashrelated fatalities. Now this brings the total number of recalls to 28 million vehicles worldwide. Just for this year. Now on top of that, gm also said it would increase the Second Quarter charge to earnings to 1. 2 billion to help pay for all those recalls. The surprising news came on the same day that gm laid out the plans to compensate survivors and the families of another 13 people who were killed in crashes related to those faulty switches. Investors sold on the news. Gm shares fell nearly 1 . Joining us now to talk about all of this, phil lebeau who is covering the gm crossice fris day one. And also with us, Collin Langdon from ubs. So, phil, let me begin with you. You are just a