They will go through the issues and this is television where tone, style, emotion are very important. My opinion, bidens job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. The president will no doubt attack his style but not come across as a bully he doesnt want to stir up the sympathy vote. Heres another opinion, and absolute catastrophe the media will declare biden the winner. Lets get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s p down near two. Not Much Movement, Speaker Pelosi has proposed a 2. 2 trillion dollars stimulus plan and the house may vote on it, a key point in Sticking Point contains 436 billion for state and local government, the republicans do not want that, and 25 billion for the airlines, 30000 airline furloughs on thursday if they do not get the money. Today is the day when Amy Coney Barrett goes to capitol hill and between nine republican senato senators, tha
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c
Call for urgent action. President trump enters the conversation, indicating he may now support a wider stimulus bill. Debates joe biden refuses to push back his next meeting with the president. The white house rules out a virtual clash due to covid19. We have an update from President Trumps physician, dr. Sean conley, about the president s covid19 treatment, saying that the president has been responding extremely well, that his exam has remained stable while at home. President trump has completed the course of therapy for covid, saying the president can return safely to Public Engagements on saturday. The president was just released from hospital on monday evening and his health had risen controversy given the white house was saying the timing of President Trumps last negative test was regarded as private. We are finally getting an update on the president s health and dr. Sean conley saying the president can return to Public Engagement on saturday. Lets turn to the markets with Sophie
Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher
And subcommittee on Global Competitiveness will come to order. I know this seems a little strac strange with an empty room except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless to this important hearing. This subcommittee continues to do its work in exploring the unfair trade practices of foreign governments, especially china and russia. The topic of censorship in china is a common one because it is growing effect on business in the United States as well as culture. Last fall, for example, the National Basketball association had the Market Access blocked in china because an individual american citizen using a media platform not allowed in china expressed a political opinion. Now the topics have become more manufactu important. The timely information about the spread of covid19 due to chinese censorship has contributed to the havoc wreaked on our economy and health and indeed the pande