Election uncertainty poised to bounce from the worst week since march businesses are bracing for election unrest. Live in manhattan. Well take a look at how companies are preparing for the unknowns of this week ahead. And with no preelection stimulus lifeline, how airlines are now preparing to stem the losses and lure passengers back in to their seats. Carl all right, jim, what do we think is going on this morning doesnt sound like you trust futures at this level. We really sold off terribly friday until the last half hour. This is continuation of what looked like a short covered rally. I think a lot of people who are betting that no matter what happens it will be contested and therefore the market has to go down so, why not just come in short my problem with that is what happens if its actually not contested . What happens if its a landslide for either side. The reeason i point that out if youre betting on a contested election its entirely possible with our 24hour coverage its entirel
Treasury yields rise as u. S. Jobless claims drop. Is creaking aine milelong allegations of cheating. Saudi arabia moves forward with a volatile deal. David david and amidst those headlines, we are just getting a kind reminder was, i dont know if it is early, 50 right now, but it has been a relatively good week, even considering the pullback we had. Gold, 1721. Lets put it this way. A moderately soft start to the session, a third of 1 . , give ores trading take, a 10th of 1 . Jobless claims were below 2 million. We are looking ahead to the jobs report later today, 19 Unemployment Rate is what we are expecting. Have a look at the currency markets with the dollar, the weakness in the dollar up about 12, 18 hours back has really been your top theme as well. Strengthe seeing some coming through a lot of these asian assets. Have a look at where we are on euro. 90. Ling back up about we are up eight days on the euro until right now. The ecb outlook increasing the that roughlyending until abo
Businesses such as Gardening Stores and carwashes to reopen provided they can maintain safe distancing. It means gardeners for example but not a restaurant can open the outdoor patio. It also applies to flea markets which will be allowed to reopen if they can follow safety guidelines. These can happen with relatively small amount of contact and both the seller and buyer can wear masks. For a restaurant, even if they were able to do spacing for patrons it is difficult to maintain spacing for the server. The mayor says its critical that the city move on projects to help resolve the homeless crisis . It not only means opportunity for the people working in the industry to go back to work. Again, there are guidelines that have been put in place to keep workers safe. It provides the opportunity to continue what we know is important construction work around housing. As for how long the order will remain in place, the Public Health director says it depends on the data. We are going to need to
It took a tumble in less than six weeks and then rebounded 36 of the lows from april yesterday. The s p down 34 from february 19 to march 23, less than five weeks. Crazy to think about how quickly that fall came then we were back up 30 off the low for april. Joe . If you used april then i could get to 82 years i dont think sorkin was listening to me. I was i said, no, i dont remember. You are always saying maybe i wasnt around for that here is my proposition for you, andrew sell in may is a common expression go away ive never felt more like selling in may than i do right now. I have to be honest. It is not just you. Look at the dow this morning down 454 points. Just to test whether this kind of thing works. It would be impossible for me to go long with money what was he, 163 or something. I saw another guy say it is going to be so hard over the next year that we are looking at another 40 drop others that say the average recession that the market doesnt bottom for 11 months although jim
Im Carl Quintanilla with Morgan Brennan and jon fortt from various locations. Dow session high was up 378 on a very busy day for earnings Consumer Confidence tumbling this morning a twoday fed meeting that begins, morgan to tonight we will get a look at starbucks, ford, alphabet, and other major companies. I think peter at Advisory Group hit the discussion, noting the reasons the markets had been optimistic, the rallies in recent weeks, improved testing capacity, hopes about treatments and vaccines moving forward, all bolstering some of the reopening plans in places like most significantly in the last 12 hours, texas plus what is essentially, speaking of the fed meeting, unlimited central bank support which is the key reason youve seen the s p come back it early october 2019 levels, but also, he notes that the economic envoorlt and how thats playing out in treasuries and high yield, the collapse in crude as well, is a very different scenario and given that fact and all the uncertainty