Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
Researchers involved in the usc dornside day break poll. Thank you for inviting me. Before we get into the experimental polling method, tell us, using that method right now, who would win the popular vote and who would win the Electoral College and hence the white house . We are actually part of a Research Team partnering with usc. Were skrg a panel of participants for their own intentions to vote and using several new methods were hoping the shed light on the election. In particular were asking people who they think their friends will vote for. According to this, biden still wins popular vote by a more narrow margin than most polls predict. When it comes to electoral votes, although our poll was not designed to do statelevel predictio predictions, there is a possibility that trump could win electoral vote or at least what were seeing is a very close race. All right. So i understand that unlike other polls where they kind of get at who would you vote for, youre asking, hey, who do you
It is monday october 5th, this is Worldwide Exchange right here on cnbc well, good morning, afternoon and good evening and welcome from where ever in the world you may be watching. Im Brian Sullivan i hope that youre having a good start to your week where ever you may be its a very light data and earnings week on wall street that wouldnt matter much anyway all the attention and focus of the Financial Markets remain firmly on President Trump and the first lady and their help as well thats the key question on wall street right now the help of the president. So that is where were going to have our focus and futures, they are higher by about 141 points the polls right now have swung wildly in joe bidens direction and agree or disagree with the validity of polls and their accuracy, investors see reduced chances of the possibility of a contested election which as we have shown you can send stocks sliding. Theres also more hope for another round of stimulus perhaps closer to the 2 trillion nu
Giuliani. The dow industrials up 71 points and the s p 500 up 20 points. Higher for the week. A full Market Analysis coming up this morning as you can see, from ids close at the dow industrials down 134 points, mornings with maria is live right now. European markets this morning are higher, take a look, green across the board in europe, cac quarante up 37 and dax by 83, german economic minister proposing no tax increases during the pandemic. In asia overnight markets were broadly higher, take a look here with asian markets up on average better than 1 , china was closed for a holiday. Top stories that we are watching this morning, President Trump could return to the white house as early as today as doctors tout his recovery from covid19. Doctor Walking Around the white house medical unit without limitation or disability. Our continued monitoring of his cardiac, liver and kidney function demonstrates continued normal findings or improving findings. Maria the president giving an update to
Thats been going on for a long time that was going on in fact in january and february, then the plunge and the ricochet. Lets look at a few slides to try to prove it, so to speak the precondition of excess you see these bullet points here basically, s p 500 before this selloff this week at an alltime high we know the price to sales, a fundamental on measuring the valuation, at an alltime high the s p 500 is up 42 and the nasdaq up some 57 the precondition of excess, and then the next slide, divergence. As the market is making alltime highs, only 16 of the s p constituents were making alltime highs index doing it the average stock in the s p is 28 below its alltime high. Thats not now thats on monday before we sold off. And then, finally, 46 of all stocks in the s p 500 have no gains for two years. This is the precondition of die divergence and the precondition of excess. So the next slide, what we know is we have a very rare circumstance where the nasdaq 100 drops 10 in a twoday period