Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Battlegrounds to watch in washington, d. C. Is senate is set to vote on the confirmation of judge Amy Coney Barrett after clearing a key hurdle over the weekend. Time to make the donuts. A possible 9 billion deal topping this mornings news that is sure to get your coffee brewing. Its monday, october 26th, 2020. Youre watching Worldwide Exchange right here on cnbc good morning welcome to the show im dominic chu kicking off your monday morning with stock futures pointing towards losses right now. As you can see the implied open for the dow is roughly 308 points to the downside s p is implied lower by about 39 and the nasdaq down by 129 points if these futures holds into the opening bell for regular cash Equities Trading the major averages coming off their first down week in the last three the nasdaq taking it the hardest with more than 1 loss on that side of things on the flip side, youve got the russell 2,000 small caps continuing its run higher. Seeing third positive week in the last f
I want to hear more of the music that was blaring in my ear. Heres where we are. Big out for big outperform are coming through, the s p 500 is up. The pound actually, as you can see now, positive, bouncing around all over the place, getting a negative hit earlier on around the idea that the u. K. Would walk walk away on the 15th. I dont think the market thinks either side will walk away. The eu said earlier on, and this was a report by bloomberg, the eu side is going to call the bluff on this. Britain saying were deftly going to walk away. The market is basically shrugging its shoulders. As you can see, a selloff in bonds is unsurprising, given whats going on at the moment. At the backend over the last few days, cathodes continue to steepen in the United States. Alix we did hear that music and you did an amazing job talking to that techno music. Thank you for that. In the u. S. , part of that is going to be about where we are and stimulus talks. Markets weighing down on the trump tweet
One of our u. S. Election reports as potentially misleading after the platform itself is accused of bias. And police in the u. K. Urged the public to report violations of new coronavirus rules and warn that they are ready to crack down on family gatherings larger than 6 over the Christmas Period we get reaction if the police force were to call them in and try and break up this celebration and to get the names just loses a lot of that whole element in london the family and even see it by computer more door in that we get kicked back out into the street. Youre watching our 2 International Coming to you live from the russian capital with your live news update welcome to the program. A 2nd man has been arrested by french counterterrorism officers on suspicion of links to the perpetrator. Or of the gruesome knife attack in the east on thursday. 3 dead earlier on thursday another man with alleged ties was taken into Police Custody french prosecutors are trying to establish whether the suspec
It appears what is called the case shaped recovery is permanently dividing the country and to haves and have nots and this seems to be acceptable for those who are the house. To discuss this and more im joined by my guest Michael Hudson in new york is a professor of economics at the university of missouri kansas city and author of through give them their debts and in bangkok were joined by steve keen hes a crowdfunding professor of economics on a tree on as well as a distinguished Research Fellow of the institute for strategy resilience and security of University College london gentlemen crossed up rules in effect that means you can jump in anytime you want and i always appreciate it ok let me go to michael in new york you know this just term the new normal. Bandied about and what really worries me is the people that use the new normal where its a normal that is beneficial to them ok and theyre not particularly concerned about it ok because i hear more and more talk read more and more