haidi: assessing modest gains after the s&p 500 recovers after the worst new year start since 2016. energy shares surged as saudi arabia shoulders more output cost. plus, georgia is in the spotlight in a runoff election that will determine the balance of power in washington. the final result may not be known for days or weeks. haidi: and the uncertainty of that result, the makeup of the senate and bidens policymaking all weighing on markets overnight. tradingwhen it comes to in u.s. stocks and wall street. but take a look at the set up in asia. .6%.y is coming online, up a sliver of gains. kiwi stocks are not trading after a long weekend. we were up by .8% after news that slowly some of that international board of restriction is being lifted. going into queensland, of atially the revival little bit of tourism. about .2%.down by $50 a barrel on a tighter center tighter market scenario being outlined by opec. thethis is the story, whiplash story of u.s. china relations and th
questions and we will try to get you answers. moving two directions and telling one story. the dollar hitting a 52-week low. bitcoin with a new record high what does this say about the market guy adame. hi, mel hi, guy it says the dollar is going to continue to go lower. jerome powell is a huge fast money fan i know he s watching and i will congratulate him on torching the u.s. dollar. i think the movie has just got started. the flip side will be that everybody is on this side of the boat and too crowded it has been there is a possible 20% down and resource trade, freeport on top of a huge couple months. pan american silver back above the 35 level tim s rio didn t go anywhere today, but that s at a multiyear high i think these stocks move and will continue on the back of what will tip to be a weaker dollar i think fast traders have a history of going against the grain, against the consensus, dan nathan here we are, everybody and their brother, or mother, betting aga
smashing it. mike mckee is here to break it down. brian: it may be michael: it may be too late to influence the presidential election, but certainly influencing the way the markets are going to trade because this is a big number. in october. we thought it would be 56, but this blows that away. new orders, 67 point nine from 60.2. production, 63 from 61. for the first time since july 2019, we are seeing employment well for with augurs this friday s numbers. maybe we get some positive manufacturing. prices paid still rising. hard to know exactly what that means in terms of long red inflation since we do have the confusions of the covid case. is it a shortage of materials, a pipeline problem, or are we actually see in prices going up? likets for the year, looks the new export orders goes up to 55.7 from 54.3. that will take a hit from the lockdowns in europe. overall, this is a very good number for the economy going forward. alix: how much is it like we have seen in europe, wh
might have ohio in play. president trump aren t storming across the country, north carolina, a key senate race. also going to be making stops in florida, in pennsylvania, iowa, where he is trying to give a lift to senator joni ernst in the senate. all of this comes at a time in which there are now a new report about how both of the candidates to be spending their election night. i spoke with a source close to the president s reelection campaign early this morning who told me the president will be having a close circle of prominent notable names surrounding him on election night at the white house, where he likely could give some type of national address, whether or not he declares victory, whether or not joe biden declares victory, we don t know. the president suggesting he is preparing his team for there to be not just a long night ahead of them, but along several days after the election. guy: we are talking david: we are talking about election week. looking forward to spe
services. westpac s full year profits plunge after fines for money laundering. cash earnings falls. one of those stocks where watching going into the sydney open. let s look at the market open. sophie? expecting some moves this monday. the biggest weekly drop since september 25 as investors adjust the some of the risk ahead. we did have the worst week for aussie stocks since april. adding 0.1%. we have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at $4.5 billion. westpac has results out this morning. later this week we get results upm alibaba which ticked single day sales early on sunday. the ipo is a big event we are watching this week. we are expecting a big pop here on thursday given the massive appetite we have seen for the offering. friday had the biggest drop since june. of a private survey of chinese manufacturing data. to focus more on the u.n., let s pull up on the chart on the