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Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of th ....
Yesterday. It ended with new records for the s p 500 and the nasdaq, check out this nasdaq, up 86 points, three quarters of a percent, s p 500 up 12 points at 34, 43, unchartered territory. Violence erupting in wisconsin for a third night in a row, the gun battle in the streets leaving two people dead. Weve got the latest. Hurricane laura a category 2 storm, it is gaining strength, barreling towards texas and louisiana. Well take you live to the gulf coast this morning. How far did it go . New details in mcdonalds investigation into steve easterbrook, examining if he and other employees covered up misconduct. Peloton ready for the ipo, giving investors a look at its finances. Finding your happy place, the surprising spot more americans are going to relax. Mornings with maria is live right now. European markets this morning are mixed, take a look at the fq100, down 9 points, the cac is up 8, the dax in germany up 60 right now, about one half of 1 . In asia overnight markets were split, ....
Is much larger. You can see it over my shoulder. The hen see fire is moving. It didnt have air support today. Those resources had to go to other areas that need the help even more. First came the smoke. Then a few licks of flames. Then they served notice. After a quiet note, this would be a day for moving and moving fast. Neil and his wife kathleen knew all about that firsthand. Looked down at the window and theres a small area of fire. It was rapidly increasing in size. They live a few yards from the Lightning Strike that started all this. It was thunder and lightning all evening. It really got loud. What had been one fire yesterday became three this morning. With the gamble fire and now the 155. Yesterday toward the end of the day, 155 and gamble were a couple hundred acres. Overnight they yue to 4,500 and 5,000, respectively. From 60 known line strikes yesterday. There are all little spots, smoking up there. Even some trees i ....
Good to be back with you. You did mention very important piece, which is davids piece and hes a friend of the show. Talking last night i was reading it and thinking can we really go higher he has a piece that says we will blast higher that will be something that i think a lot of people would be suspect, little critical of because were going right into the election he doesnt seem to mind that davids work is high quality and i just really think that he is just saying, it is time. And wouldnt that be something if we have a big, big move here. Its fascinating. He does say, jim, as you point out, the election does remain a risk but 3,600 year end and 3,800 in 12 months is a 6 gain and earnings estimate, jim, for next year 170. I mean, i remember when they thought 150 might be a risk. I just have to tell you, i wish everyone could get goldmans research i was fortunate enough to get that piece because it is a very logical piece because how there are many parts of the economy that are good. Th ....
Lots to talk about this morning, once again we follow the bouncing ball of the china story and overnight we are learning that both sides said they would be willing to roll back tariffs, interesting. Devil is in the details, this can be very good, imagine how much markets might soar if you, in fact, do get this first round deal with china, very good news for investors. Maria we have a rally underway right now, futures indicating doubledigit gain, on top of all 3 major averages closing in record territory yesterday over optimism in deal with china, u. S. And china, s p was up 11 and nasdaq up 46, washington and beijing considering rolling back tariffs of completing phase 1 of much larger agreement, President Trump spoke about that in rally last night, listen to this. China is doing poorly as you know, but they are paying billions and billions of dollars and theyve never given us 10 cents before, billions of dollars, they gave a lot ....