Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
At tray Glen Astrazeneca on the defense after critics say it failed to give an update on patient data on the vaccine trials. Futures after markets were closed for the thanksgiving holiday, they are in the green as you can see, dow jones 54 in the premarket. Weve got a lot to talk about today with wall street. Were going to have a half trading day today, markets closing at 1 00 p. M. Eastern time some good news to show you, nice gains there, the nasdaq is in record territory as the dow is looking to crack 30,000 once more today after the index crossed the milestone earlier in the week. Ruling on religious restrictions, the Supreme Court telling new York Governor Andrew Cuomo he cant put a capacity limit on houses of worship. Were on this story today. Plus, it is black friday, its going to look a little bit different. Retailers going with the shift to online sales as brick and Mortar Stores are rethinking foot traffic this year. Mornings with maria is live right now. Its a brandnew day.
Schools open and businesses running and amid this latest wave some european nations are looking good imposing new restrictions to slow the infection rate so with this in mind lets take another look at the trends and spread of the virus globally with r. T. Correspondent side savages where are we monday so brand the number of people diagnosed with covert 1000 is growing every single day across much of the world so globally were almost at 45000000. 00 current firm cases while death stand at 1160000. 00 and growing now the u. S. Has more tases and deaths than any other country and right now with more than 8900000 confirmed cases while over 230000 thats now even with these numbers now theyre all still likely far lower than the actual number of cases thats being reported now breaking down the actual numbers just for the u. S. Now overall case number in the country has. Reach frightening new records across recent days in branches like you mentioned just on sunday at least 339 new deaths and a
Every sector finished in the green except for energy. Yields pushed higher so is the market giving an all clear when it comes to getting some Election Night clarity . What do you say . All clear, definitely not i think a lot of people are trying to gauge what basically the last week and a half ment. Half of that move last week we got back over the last couple trading days i will tell you flat out i have no idea. I can make a case for both candidates based on the sector maybe the president will be reelected but the counter is maybe the bond move helped and the crude went higher, perhaps that is suggestive of biden winning. If you have a candidate either one with a concession speak tonight or in the wee hours of the morning when you are on melissa lee, that will take what it closed at today down to the high 20s if thats the case, i think you buy the vix once again do you think the markets are saying anything about the election maybe not who will win, but the fact we might have a winner s
Common ground. You know weve broken a lot of stories over the years the hoax that is the fracking industry we broke the global strikes against banker occupation and a bunch of other ones that we were in the lead covered it nobody else did i think now weve got a tiger by the tail here i think were in the midst now of handing up the torch from the u. S. To china the push to this trap is upon us. It just gets more and more evidence coming in. This is boom bust the one business show you cant afford to miss for in washington coming up. Hes the greatest crisis of own age. As the globe is seeing a surge in coping 1000 cases u. N. Officials are calling for world solidarity to fight the pandemic straight ahead we break down the state of the virus and how markets are reacting to renewed fears plus amid the potential damage europe is facing gridlock at the United Kingdom and European Union are hashing out the details of a post directed trade agreement we have a pack show today so lets dive right