Ready to trade today still feeling the burn from the pandemic, disney announcing a huge new round of layoffs hitting some 30,000 employees. And the path forward for new york city as Indoor Dining begins today september 30, 2020 you are watching Worldwide Exchange on cnbc. Good morning, im dominic chu kicking off the Third Quarter of trading take a look at whats happened over the last 12 hours the dow indicating 150 points to the down side. The key to watch here down 83 implied at the opening bell. Take a look at whats happening here with the overall futures picture. As weve seen, we are just off the lows here. We did get the green a little overnight. Hit the lows here about 2 00 a. M. Eastern time. That was coming off another downed day for stocks. Major averages snapping threeday win streaks. They are set to close down for the First Time Since march the one stand out is the transportation industry. Dow transports, some look at that as a possible leading indicator for the overall econo
We will have the latest on that well tell you what to buy heading into the final strep of the your palantir just began trading. Alex karp will join us in a couple minutes for a first on cnbc interview more power lunch starts right now. Hi, everyone first two big public debuts. Palantir just began trading moments ago, and asana opening up higher as well, plus starbucks higher as counsel upgrades the stocks, saying its actually a good thing for the company. The chip maker micron is lower after reporting earnings yesterday. You can see shares taking a hit, down about 6 . Brian, over to you the idea if we get a democratic sweep of the white house and congress, fiscal stimulus could be very generous for a very long time also noted the thought we might be getting closer to a new round of coronavirusrelated relief, so lets get to ylan mui with the latest on the negotiation. The ylan brian, the treasurysecretar is meeting right now with the speaker of the how in person in one last push to try
Becky is off today all breaking fivemonth win streaks with the dow the big loser. Still a good quarter i should say a very good quarter. The dow gaining 7. 5 take a look at u. S. Equity futures this morning lets show you where things stand as we speak. The dow up triple digits s p looking to open higher nasdaq about 140 points hire overnight, Tokyo Stock Exchange suspended trading after a glitch blaming a hard wear problem followed by a failure to switch over to a backup device. The first fullday closure of the tokyo markets since trading began in 1999. Too much partying like in 1999 also in 1999, the year after was the year 2000. That was the last time the nasdaq had two quarters as good as this. It has been 20 years the nasdaq was up 45 . So it has been pretty unbelievable yesterday, we had worries about coronavirus. Even in new york and elsewhere where there is high infection rates. We had sort of just the aftermath of the debate, which people said was unsettling just watching then
Marred the city since jacob blake, a black man, was shot in the back by a Police Officer on sunday. Masks to become compulsory throughout paris. The french Prime Minister laid planse plans as part of to fight covid19. Those are your headldlines. Yoyou are for r joining us. I am genie godula. Hasfrench foreign minister announced measures for covid19. France has seen a resurgence of cases of covid19, an average of about 3000 new cases a day. That number went up to a most 5000 new cases reported on wednesday. A percentage of positive cases among those tested is growing. Lockdown,just after and now it is at 3. 7 . Statistics tell us that the virus is most active among young people, people between 20 and 30 years old test positive at a rate of 6 higher than the national average. The covid19 9 security measures are having a big effect on the france French Business community. To talk more about that, lets bring in our Business Editor stephen carroll. What were business leadeders interested in
Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t