Make up your job. Made for mines. Joe biden introduces his economic team. The president elect says, help is on the way as he nominates janet yellen delete the u. S. Treasury. So what do the pics tell us about bidens approach . Also coming up, the e. U. Has a flashy new campaign for its cloud infrastructure. But can guy x. Live up to the hype in the tech world, dominated by the u. S. And china . And say good bye bye to breaks your next house could be coming out of a different places. Do you do your business and robots in berlin . Welcome to the program. U. S. President elect joe biden has set out the top team he hopes will help guide the u. S. Economy through the economic recovery, saying he chosen a tested and experienced group of advisors. Among them is janet yellen, who becomes the 1st woman to hold the post of treasury secretary accepting the nomination. The former Federal Reserve chair painted a gloomy picture of the pandemics effect on the u. S. Law. It was Small Business struggli
I mean for the last time German Police have now confirmed that 5 people have been killed after a car plowed through a process train zone in the western city of tia. And 9 month old baby is among the dead. Several other people are seriously injured. The driver, a local man is in custody. A police havent yet been able to say what prompted him to carry out the attack. Investigators are hard at work. Im acting halfords. Earlier the suspects vehicle was taken away. True, here is a city in shock. That hastened our sorts are with the victims next of kin who have to mourn the death of a loved one. People whose lives were extinguished from one second to the next by such a heinous crime. Among them as a baby, a truly horrific thought. The parents would have to mourn the death of their child. Its just terrible. As i thought, besides the child police say 4 others were killed when the 51 year old local man drove an s. U. V. For around one kilometer through the center of tree or hitting people at ra
The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi