Today as republicans look to fast track her nomination before the election day and in the gulf, clean up from hurricane delta continues this morning as nearly half a million residents still remain without power and technology under fire yet again this time from across the atlantic its monday october 20t12, 2020 youre watching Worldwide Exchange here on cnbc. Sh good monday morning kicking off this morning with a hearty congratulations to the Los Angeles Lakers you can see them there jumping around they won their 17th nba title beating the miami heat in game six last night 10693 lebron james helping lift the lakers over the top with a triple double himself while Anthony Davis logged a doubledouble of his own you can see the dow jones implied higher by 16 points and the nasdaq up by 134 Big Technology in focus yet again. And with fridays 160 point advance the dow is now positive for the First Time Since september 22nd you can compare that with the s p 500, the dow transportation stocks a
Hard to digest the news. Well cut right at it, give you the details in a moment. Overall, the market lacks real direction. The dows going to be up maybe 15, s p up 10. Nice gain for the nasdaq though, all green at this point. Politics [laughter] can you say softballs . One after another, they were lobbed towards joe biden at the cnn town hall last night. Not very good preparation for the first president ial debate which is, by the way, 11 days away. The standout for me came when biden suggested that if the president had acted sooner on the virus, all those people would not have died. So the president killed 190,000 people . Not a word of pushback from the moderator, cnns moderator. Today biden goes to minnesota, an opportunity for him to clarify his position on urban rioting and defunding the police after the minneapolis disturbances. And get this, the president will also be in minnesota today. You can bet hell brung up law and order bring up law and order. Mr. Trumps press secretary,
Tom wti is leading down, no question, francine, but i would look at the remarkable decline of floating oil, global oil, brent crude, well under 20 a barrel now. For it to sustain under 20, a splint to me how some of these nations move forward. You were talking in the last hour with the tourist rector of greece. I dont know if oil is good or bad for the tourist director of greece, but 20 brent crude does not get it done for a lot of other people. Francine i mean, i think the price of oil is secondary. If you are the greek minister for tourism, he was very careful because he wanted to speak to other nations to see if it was ok. But do you issue a Health Passport . How do you do with people congregating in lobbies . A thirdce, it employs of their population. Now to bloomberg first word news with viviana hurtado. Viviana a new strategy to expand coronavirus testing from the white house, that is our beginning on first word. States receiving new guidance on how to build testing capacity, les
Of hedging backup. People going out and buying protection. The cable rate going nowhere. Youre seeing flattening in the market for treasuries. 1. 82 is how we trade. Time now for the global exchange. We bring you todays market moving news from around the world. From riyadh to zurich, london and washington, our bloomberg voices are on the ground with todays top stories. In riyadh, history is being made. Saudi aramco jumping 10 in its debut, giving a value of almost 2 trillion. Bloomberg spoke exclusively to the ceo of the Saudi Stock Exchange. If the full offering size is offered in the markets based on ,he 1. 7 trillion valuation that is a on. 5 . However, thi changes every day. We are watching the price change over the next four days. But our anticipation of 8 to 9 would be the weight of aramco. Alix yousef gamal eldin joins us now from riyadh. Give us the latest on the ipo. Yousef its been a remarkable few hours. Trillion, to 1. 88 within firing range of the 2 trillion mark, which ha
As the economist magazine calls have been ignored or obliterated everything having to do with a sound society is being ignored to get a member to a higher level and its getting to a higher level but at what cost the cost is going to be catastrophic were going to go over some of the cost in the next headline but in fact i want to say you know 1. 00 thing kaiser reporters always said in particular this guy named max kaiser on kaiser he says that the bankers always commit these crimes and then change the law so after the financial crash remember chris dodd before he was paid off by hollywood and got to run the m. P. A. Chris dodd and barney frank did the dodd frank act well here we have the fed using the dodd frank act which was supposed to help the citizens of america and give them some sort of transparency from ever being on the hook for another 4. 18151617181000. 00 trillion dollars for bailing out the banks well hes using the new york fed as using that as an excuse why they dont actua