Stay updated with breaking news from Company thinks. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy a ....
Changing condition. Futures point higher in sydney and tokyo. The yen holding back. Almost everybody is softbank thinks the group taking a Group Private is a bad idea. We will look about the chances of such moves actually happening. Lets take a look at how we are kicking off trading in sydney. It is a public holiday. But we do still have the cash 4 in thep about 0. First two minutes. This comes on a busy week for australian traders. The budget where we are expecting to see assumptions made about a vaccine becoming available and we are also getting a report that is trillion is set to further lift that that australia is such a for the lift that debt ceiling with 4 billion u. S. Dollars with the debt ceiling being lifted higher to 1. 1 trillion. Looking at the aussie dollar ahead of the all be a. We are expecting no change. Markets are significantly pricing and now another rate cut. Before the end of the year. Dollar trading at 71. 67 ....
Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here ....
The dow down by almost 1,000 points the decline of 1. 8 . S p by over 8 the nasdaq a miracle come back after a laydate rally weve been bouncing around positive territory right now, the dow down around 14 points, s p up about seven points and the nasdaq up about 70 points. We are talking about a town month for the markets, we are looked at four sessions in a row. Thats the longest losing streak looking at these numbers, you are talking about these lower numbers. Month after month i think we had april, may, june, july, august are all up. Stocks only go up not in september. In an Election Year it can take on significance. The nasdaq can move. We can see it down 400 or more points can that close higher again today . Thats a good move you could look at it midmorning and then it seems like it is not the tale at this point kind of the log. Faang, tesla and the leadership move. Apple made the rally yesterday too. Gold is supposed to go up ....