Welcome to squawk alley. Im Carl Quintanilla Julia Boorstin and jon fortt are with us for the hour the dow session alone was down 236. Were slightly off that s p 500 is off the early lows as well zoom helping to lead the nasdaq 100, john. Looking forward to disney and cisco earnings to night. That is definitely true, carl the big themes, protect investors today. Number one, game on. The play station 5 from sony is shipping and in stores as of today. Joining the x box series x this marks the start of the biggest console refresh. Really the only major console refresh in seven years its happening during pandemic lockdown and then youve got china. I mean coming off of a record breaking singles day where the chinese Online Consumer is flexing. We have to think about that exposed deadline for tiktok to do a deal in the u. S. For those assets i dont know if the president is interested in shutting down tiktok anymore fair to say his attention is elsewhere. Thats right, jon today was the day wh
Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Didnt hear an apology. So no apology last night, he says. And certainly from what we heard today of her on the floor, none today. She spoke in the chamber and she didnt apologize. Well get to that in just a second. But first, before we go any further on her excuses and finger pointing we just want to pause for a second and just let you listen to her words and views that got her and all of us to this point. These are her words. Its her bigotry. And these are her Conspiracy Theories. Her words, her bigotry and her lies. Many americans are like blind sheep, just going through life not paying attention. There is an islamic invasion into our Government Offices right now. How do you get avid gun owners and people that support the Second Amendment to give up their guns . Maybe you accomplish that by performing a mass shooting into a crowd. You make them scared. You make them victims. And you change their mindset. The socalled plane that crashed into the pentagon. Its odd, theres never any evi
Of any honest show of contrition as a member of that party that once claimed to stand for personal responsibility. The vote was 230 to 199 to strip her of her seats on the budget and education and labor committees. 11 republicans joining the democratic majority including illinois congressman adam kinzinger, who was not impressed by what she said at a Republican Party conference last night. Kevin mccarthy would have us believe she gave some serious apology. What did you hear . Yeah, so i dont like to go into a ton of detail from conference how about some . Ill tell you this. Yeah, ill give you some. Which is i didnt hear i didnt hear an apology. So no apology last night, he says. And certainly from what we heard today of her on the floor, none today. She spoke in the chamber and she didnt apologize. Well get to that in just a second. But first, before we go any further on her excuses and finger pointing we just want to pause for a second and just let you listen to her words and views th