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Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intra ....
On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ ....
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 ....
And, commissioners, Public Comment . Clerk those of you on the Public Comment line press star, 3, to make a comment on the minutes. Star, 3. All right, no hands raised. So we can move on. President bernal upon review of the minutes, commissioners, a motion to approve. So moved. Second. Clerk i will do roll call vote. [roll call] great, the item passes. Next is the report. Im sorry . Is it okay if i call out . President bernal yes. On the minutes. Clerk okay. So the next item, number 3, the directors report. Good afternoon, commissioners. The director of health, and i will summarize and take any additional questions. Theres a lot going on in the world of Public Health. Some good news, september 9th the Supreme Court upheld proposition c, which will free up hundreds of ....
And, commissioners, Public Comment . Clerk those of you on the Public Comment line press star, 3, to make a comment on the minutes. Star, 3. All right, no hands raised. So we can move on. President bernal upon review of the minutes, commissioners, a motion to approve. So moved. Second. Clerk i will do roll call vote. [roll call] great, the item passes. Next is the report. Im sorry . Is it okay if i call out . President bernal yes. On the minutes. Clerk okay. So the next item, number 3, the directors report. Good afternoon, commissioners. The director of health, and i will summarize and take any additional questions. Theres a lot going on in the world of Public Health. Some good news, september 9th the Supreme Court upheld proposition c, which will free up hundreds of ....