It is the 32nd time this year the nasdaq has set a record close again. This morning, we are looking at a negative picture this morning, you are looking at red ar owes. S p indicated down by about 16 points everybody is waiting to see. At least right now, 10year looks like it is narrowing to 2. 5 jobs friday today. Forecasters will expect payroll to climb 1. 48 million after june gains shattered expectations a huge number this time around unemployment is expected to drop 10. 6 from 11. 1 from june well take you through 8 30 a. M. When those numbers actually hit. News breaking this morning for those of us in new york city who woke up and thought what just happened. Con edison investigating widespread outages. As an upper westsider, no power there. You lost power . A true black out. We are in 2020, what could go wrong . I looked around and thought, it is so dark what is going on is the nasdaq going to have power. What am i going to do . Here we are middown. You left connecticut to come to
1400 nationwide as cases surge in the midwest. Plus, controversial policies in two states and some say put nursing home residents at risk. Ride of a lifetime. Two astronauts who made history, crude mission on a private rocket. Safety issues they say need to be fixed before the next flight. First heres todays eye opener, your world in 90 seconds. Suddenly, we heard a very loud explosion. The build iings, all the glass just went down. It was raining glass all over the city of beirut. The massive blast in beirut, lebanon. As the death toll keeps rising, Lebanese Health minister says thousands are injured. This coming as an investigation is under way into what cause this had tragedy. Isaias is leaving a path of destruction on the east coast. People confirmed dead. All of a sudden it felt like the end of the world was coming. Turn the attention to the upcoming electric, the president says he supports mailin voting in florida spl theyre so well run. Florida is a very wellrun state, low taxes
Golden opportunity chris barone said this sector has been immune to market weakness hes going to tell us what it is. Later, were firing up the grill, because there a big Burger Battle brewing, three food stocks that have our traders licking their chops. Nice. Yes, like that . Hungry already we start with another rough day on wall street stocks falling across the board with the nasdaq and s p 500. Treasury yields tumbling the 30year note hitting its lowest level ever, like ever, and check out some previous high flying names like microsoft, apple, amd all pretty deep in the red today. So has the red hot momentum trade finally hit a giant red brick wall guys, the momentum names, those big tech plays, theyre over ill play your reindeer game. Ill say the answer is yes if you want a line in the sand, ill give it to you. It comes in the form of the tlt. Youve got to close above 150 even in the tlt which should make ten year yields, around 1. 4 , 1. 38, then the game is over you can hit a poin
Towards our debt we have no more prospects when are we going to make is in our lives but if you dont get that job. Also coming up tonight in the picture of modern day politics in the u. K. Apparently that was why a painting by the artist banksy with the title devolved Parliament Just sold for a record 11000000 euros. But really what hes pointing to here is the regression all of this the oldest parliamentary democracy in the world into tribalistic animalistic behavior the sorts that weve seen both kos and televisions across the world of the last months and weeks. But to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with voters and the choices they are about to make in tunisia on sunday voters in the north african country go to the polls to elect a new parliament if their recent president ial election is any indicator we can expect 2 outcomes a disaster for established parties and victory for populists who are promising everything except c
Yep, 1997 because the s p is having its best start to a year since then that song youre hearing, you fast money fans out there, this is not one of our traders losing a fast pitch. Thats unbreak my heart which was topping the charts in 1997 in the box office a little movie called titanic was smashing records. Here is the question heading into the Fourth Quarter. Will it be a smooth sailing for stocks or like the titanic is the market headed for a giant iceberg . Guy adami. Well done. Iceberg or smooth sailing choose your own adventure. I watched the titanic movie when it came out it was a good movie. It was very realistic. You felt like you were on the boat the thing about icebergs, just to get some science here. I was waiting for that. You only see this much of the iceberg they should have a saying like that. Below water. Below the water so the market has done an incredible job of navigating through what have been numerous icebergs this year its weaving its way through the people stand