And later, bitcoin still hot, hovering above 30,000 and theres one sign investors are buying the dip and well have more on that. But first, lets start with the markets. A parade of earnings out this morning. Bob pisani has more. Bob . Good to see you, as always. Flatish day, but were getting a lot of guidance. Quiet on 2021. And this is good news. Kind of disappointing on their guidance they had some restructuring charges in there, but Free Cash Flow is improving. The street loves that. Thats the highest level since february a little over 11 for ge johnson and johnson was great. A modest beat but 2021 guidance well above expectations. Thats what the street wants to hear that is an historic high for johnson and johnson. Disappointed but beat due to provisions for credit losses thats not considered a high quality beat by the street they want to see more fundamental underlying people spending more it wasnt there and the downside overall, off to a good start on the Fourth Quarter theres al
Pandemic in human history. It is also going to be the most quicklylaunched and into the publics hands, and arms, in the weeks and months ahead and an aggressive timetable that pfizer says is imminently doable and the Administration Says is going to be done, or else. Lets get the read from Lucas Tomlinson at fda headquarters in silver spring, maryland. Lucas whats the timeline on this . Reporter neil as you mentioned its going to be very aggressive in fact top officials just concluded a Press Conference at the fda where they said they were not under any pressure from the white house to approve this new vaccine and they said it was the urgency of the mission that guided them. President trump touting this recordsetting achievement from the white house last night. President trump todays achievement is a reminder of americas unlimited potential when we have the will and the courage to pursue ambitious goals. As ive said at the beginning, we will vanquish the virus and return life back to no
Election uncertainty poised to bounce from the worst week since march businesses are bracing for election unrest. Live in manhattan. Well take a look at how companies are preparing for the unknowns of this week ahead. And with no preelection stimulus lifeline, how airlines are now preparing to stem the losses and lure passengers back in to their seats. Carl all right, jim, what do we think is going on this morning doesnt sound like you trust futures at this level. We really sold off terribly friday until the last half hour. This is continuation of what looked like a short covered rally. I think a lot of people who are betting that no matter what happens it will be contested and therefore the market has to go down so, why not just come in short my problem with that is what happens if its actually not contested . What happens if its a landslide for either side. The reeason i point that out if youre betting on a contested election its entirely possible with our 24hour coverage its entirel
Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to