The s p closed at a new all time high the dow is within 100 points of its own record airlines were up, cruise lines were up. Is the consumer back in business despite the long list of headwinds that are still out there . Brian kelly, kick it off if you look at this kshape recovery, i think part of the consumer is back in business and i think part of the consumer is stocking up again. So the real question is, as we go into the winter and cases surge, how does the consumer behave is this the last push to the time when the consumer locks down or are people going to go about their lives as usual i dont know the answer. As far as the market, it doesnt seem there is a lot of riskreward because you dont know what will be the dominant factor over the next six weeks to two months. We just heard from President Trump in the rose garden to say he expects a vaccine as well as treatment to be given approval for emergency use by the end of the year if you are in a state where infections are rising, yo
This because i directly dealt with the biden family including joe biden. Does more headlines in about 59 minutes it was our 2 international. You will or if youre seeing this later you already did fall back an hour at 2 am november 1 Daylight Saving time and its saving not savings artificially moves an hour from morning to evening during the months of the year when the days are longer is started during world war one the goal was to save energy if for instance the summer sun set at 8 pm rather than 7 we might spend that hour outdoors not at home consuming electricity but science journalist Joseph Stromberg notes that studies that evaluate the Energy Impact of daily. Saving time are mixed it seems to reduce lighting use and electricity consumption slightly but may increase heating and air conditioning use as well as gas consumption its probably fair to say that energy wise its a wash and theres a growing push to stay on daylight time rather than shifting to standard time and floridas 2 u.
Well also hear from thom tillis, rick gates and arkansas senator tom cotton. Markets this morning look like this. Futures indicating this morning a decline at the start of trading. The dow industrials down right now 276 points, the nasdaq down almost 201, as you see, and the s p lower by 38. Markets finished near session lows wednesday on fading stimulus hopes of. Earnings season meanwhile rolling on. This morning we hear from walgreens, Morgan Stanley and Charles Schwab among others. All the numbers as soon as they hit the tape this morning. The nfl is back in business, you can watch the biggest games on fox, fox nfl lead analyst and three time hall of Famer Troy Aikman is here previewing whats next for the super bowl and beyond. Mornings with maria is live right now. European markets this morning look like this. Weve got a negative showing there as well. The fq100 down 133, the cac down 107 and dax index lower by 363. This as we learned covid cases in europe have surpassed those in t
For the drop. The nasdaq 100 extended its 2020 rally. More now with abigail doolittle, our Bloomberg Markets reporter. L ofe been following al the action. What do you make of stocks rallying at the close . Abigail what an exhausting week. A mixed close on the week between different indexes, making it just as exhausting. All of the volatility tells you what we were talking about yesterday. The uncertainty out there. Theres the nasdaq 100 on the week. You can see the huge ups and downs. This tells you investors do not know what is going on. Between this month and last month, not a lot has changed fundamentally for these companies. Just technical movement, that in august. E had at this point, you do have the on thep investors up 2 nasdaq 100. The best week going back to august. Largely driven by apple having its best up week since august 21. From a also up sharply percentage standpoint. Apple, from a waiting standpoint, as you know, between those two companies in early 20 nasdaqsset 100 o
Please knew your microphone. Mute your microphone. [indiscernible] we have previously provided guidance as to how this would [indiscernible] [indiscernible] cspan. Org [indiscernible] [indiscernible] thank you. I want to welcome mr. Menendez and his wife. I appreciate you taking on this post. Tonk you for taking the time talk to me last week and take the best thank you for taking the time this morning. This is the first hearing the committee has held since march the 10th. Since then, millions of americans have filed for unemployment. Nearly one point 5 million have contracted covid19 and nearly 90,000 have perished from the disease. Is work in the u. S. Senate that much more critical and we respond as we respond to this pandemic and return to the economy. Second the highestranking office and the department of energy and the department has been playing a role in helping the nation fight coronavirus. The department of energy is a scientific powerhouse. Its National Laboratories are some