Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today well get jobless claims number out at 8 30 as they always are on a thursday. For the first Time Applications may be coming in at 875,000 like they did in the latest week. Las
Lamb weston, that was one of our stocks of the hour. Down 11 . I dont know what is going on over there in the 209. Taylor i am never going to live that down. That is good to know. On a more serious note, some of the industrial companies, 5757. R at a spot intraday basis down to about 31 basis points or so. Keyink 54 will be the next resistance level. The flight to quality we have seen, given the fed and some of the weakness we have seen in earnings. Shawne still with us, matthews. It is earnings season and we are getting into it with some of those large mega cap Tech Companies. There is high expectation but also a general sense that given their size, given their market dominance, they really cannot lose. They will have the Revenue Growth and have Margin Expansion there is really not a reason to be afraid of what they will say or report. Do you buy into the i guess teflon nature of some of these names . I think it can last for a while. If you look to the nifty 50, that lasted for quite
Its 46 waiting to apple, amazon, microsoft, facebook, and google. We are seeing the worst case fear on the part of investors that if those names go down it will take the market. We are seeing that split between the s p 500 and the nasdaq. Small caps getting a bid, which did not happen yesterday. David speculate with me. How much of this is the real world . We have the big european fiscal bailout approved yesterday. We are talking today about one in the United States. Is it possible this is reacting and stocks would do well if there was a recovery . Abigail i think this has more to do with trading and technicals. When you look at the rotations, there are many rotations going on week after week between the different sectors. It does not fit into one bucket , and lestlogy investors think one week unless investors think one week recovery. Where we have real euphoria is silver, up 60 . Gold lagging behind on the year. Gold is leading. It is not stocks that are getting a huge big rally out o
Status was scrapped, Narendra Modi lays stone for a hindu tetemple. Thank you very much for joining us here. I day after a massive explosion rocked the lebanese capital, residents in beirut remain in shock. Rescuers digging through the rubble i in the cityty today afr at leaeast 100 people died and over 4000 were wounded after a blast with the force of an earthquake hit the city. An investigation is underway to a to determine the cause of the blast. It does appear to have been 2700d in a fire ignited tons of Ammonium Nitrate stored unsafely at a warehouse. Reporter beirut this morning is similar to a war zone. Back to check onon their homes, everything is almost destroyed. Many the big explosion cars are destroyed. More than 100 dead. And more than 4000 injured. Many people were displaced from this area. They went to relatives, friends, or hotels. They came back this morning to clean. I have an eyewitness that was here when the explosion occurred. Saw, what you felt . Devastation. It l
Ahead of a vote to extend president putin term limits. Plus the earth trembles in mexico a deadly earthquake in the countrys self sends citizens fleeing for safety as the ground shifts beneath their feet. And a new highway in cairo has turned this mans dream apartment into a night out soon cars will be whizzing by within arms reach the top of this project to get the green light. Hello im terry martin welcome to the Program Germany faces its largest coronavirus break since the country started easing restrictions in april around 640000 people are back under lockdown in germany after more than 1500 workers of a slaughterhouse tested positive. Readies in germanys most densely populated state north rhinewestphalia reimposed restrictions in the district of goods is low and mild and often strikes residents blame the Meat Industry bosses for placing profit above Public Health. Districts of no environed are far back under coronavirus restrictions until the end of june residents can only have co