Changes ahead of its big hong kong listing. New controversy for one of wall streets most powerful Investment Banks this time over Sexual Misconduct allegations. And then ditching sin city, yes, ditching it, one of the biggest casino operators in the world on a plan that would focus the company entirely on mccaw and singapore. Youre watching Worldwide Exchange right here on cnbc on tuesday, october 27th, 2020. Viva las vegas good morning im dominic chu in for Brian Sullivan today. Lets begin with stock futures right now showing relative stability after big losses yesterday. You can see here the s p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. However, after yesterdays losses they could be viewed as somewhat stable. A closer look at the dow futures over the past 12 hours were well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as yo
Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor
Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
There will be some heavy rain coming in tonight. Sonoma county and marin county and San Francisco along the peninsula and the Santa Cruz Mountains overnight into early tomorrow will have heavy rain. We will have what dirt roads. I would think that there is some rain not too far away. It is making a move and there is a line of moderate to heavy rain showing up wayne will return they will be in the 50s and rain is developing later today and then we have snow on wednesday on thursday with highs in the upper 40s and very low 50s today. 51 to 56, below average. That is a rarity. The bay bridge, not the commute direction. This is the eastbound direction and there is an alert with a couple shutdowns because of an earlier crash and i will show you what we are talking about. This is eastbound 80 before treasure island, a collision and two lanes are blocked because of it. If you are driving in the opposite direction, the commute direction to the carquinez bridge, it is 23 minutes. Once you get t
There. Im trying to figure out whether the trade or the adp number has been the biggest catalyst of the action we seen so far. Volume is pretty good in europe. Cyclicals,ating into banks, rotating out of more defensive names. The pound is trading higher. Weve almost completely seentripped what weve since Boris Johnson became Prime Minister. The real action is what is happening in the bond market right now and treasuries. To 58 from 74 from 74 to 58. That is a huge move. Vonnie those talks to begin again, china and the u. S. Planning to have facetoface negotiations to end the tariff war in washington next month. Skepticism remains on both sides that any substantive progress can be made. Lets welcome bloomberg trade reporter shawn donnan from washington. Is there anything to suggest this particular announcement shouldnt cause us to roll our eyes today . Shawn its good that theyve agreed to have these facetoface negotiations. , these wereber originally scheduled to take place this month,