California joins texas reaching one million infections. Picking a statement, President Trump bands investments and firms controlled by chinas military as u. S. Election Officials Say the vote was the most secure in american history. Welcome to the program, happy friday morning. Under one hour until the start of the cash equity trading session in europe. We have a mixed picture in futures. European futures looked negative. Yesterday u. S. And european stocks dropped around concern to the extent we may see new lockdown measures in the United States. We have a futures picture where europe is weaker, wanting to play catchup with latterday losses in the United States. U. S. Futures. 2 the upside. U. S. Futures point two the upside. Nasdaq futures are treated like havens during the coronavirus. Lets look where we are across the broader assets, weakness in china. President trump in the last few months of his presidency, focusing on the things he can still act on. China mobile and telecom fall
After the election we start off with the stimulus shocker that sank stocks melissa, the president announced this on twitter saying that he had made a generous offer, but that House Speaker nancy pelosi was not negotiating in good faith. He wrote trump had a call with the treasury secretary and the Top Republicans in the house and senate to talk about another relief package mnuchin and pelosi were to get on the phone to hash out a deal, but clearly that has been upended. Pelosi was in the middle of a call with her caucus when it came out i am told that privately she responded by questioning the president S Mental Health and suggested that it may be impairing his thinking what she said was melissa, pelosi and ma knnuchind a phone call at 3 30 was there any indication she what give in i dont think she was willing to do that a shocker out of d. C. This afternoon. That had an Immediate Impact on stocks which saw stocks immediately reversed i think brian was the only guy on the desk who said
Steve smith. Good tuesday morning, everybody. It is 11 00 a. M. On wall street and squawk alley is live good tuesday morning, everybody. Deirdre bosa with us we are kicking off one of the toughest months for stocks getting a nice start here as the s p hit an alltime high we continue to watch the large cap tech names that include stocks like zoom and percentage gains that make your jaw drop. Absolutely, carl. Speaking of zoom, i have been calling it the consult of zoom, we have been talking about those incredible numbers, climbing market cap, remember they went public at a 9. 2 valuation. Take a look at these results, this chart says it all the increase, the step up, year over year, the earnings was something to behold. And at the same time, guys, it is our job to throw a little cold water on a quality like following. If you think it can become the next blue chip tech stock we saw in the results last night that it is growing a base of small users and it is making up a larger portion of
Before we get to your morning brief, would you explain to our american audience on radio and this great ruler in britain . Great uproar in britain. Just in 20 seconds, what happened . So a levels are the exams you do that get you into the school or university of your choice if you do well. Nobody took exams this year of course, which meant the government had to put in place a system. People didnt like being downgraded by an algorithm and the process is in chaos. It has caused a huge political storm here. It shows the competitive column of the u. S. Education system as we stagger back to school. Its a jumble. You know where you were on friday, where you were on thursday. I am watching turkish lira with further depreciation. You have a look at the things to come here. My mind skips to nightclubs and air travel this morning. Those are things that are really driving European Equity markets now. Brief,s of the morning there manufacturing data, estimate is supposed to be around 15. How will
Economies reopening against rising chinau. S. Tensions. They prepare another budget. In theavirus controversy u. K. Boris johnsons top aide refuses to resign, breaking the governments lockdown rules. Will come to the program. Manus and yousef are still off with the markets closed for the eid holiday. We were just discussing the focus on the reopening story, rather than the tensions between beijing and washington. Forulus is in focus investors, whether thats for singapore or japan now. Feelgoodit is a tuesday, never mind the gdp targets for the year slashed, with a 7 contraction. The worst performance ever since independence back in 1965. Here is how its looking for the asian markets. Nikkei 225 up by 2. 4 . We talked about how japan will be reopening its economy. This is a state of emergency and all of the country, not just japan. Giving a boost to the nikkei 225. Surging by 5 . Up one point 6 . Consumer confidence rebounding from 11 years lows 11 year lows. Well below 100. It outnumbe