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Because Network Effect has forced traditional financiers to change their tune on the digital currency. And this is black rocks, c i o, o of fixed income, he told c. N. N. B. B. C. Last friday. His name is rick reader, he said, big queen is here to stay while conceding, that he is not a big bowl reader, said the flagship currency will quote, take the place of gold to a large extent because it is so more functional than passing a bar of gold around, right . This is a remarkable statement because weve heard the argument that big coin is goal to point out that its a prayer to gold, but that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looki ....
Manufacturing index hitting its best level since november 2018 but tech stocks as we mentioned lagging. The nasdaq is in the med as apple, amazon, microsoft all trade lower 59 minutes left in the session. Back off the lows. Coming up on todays show, ever corps founder roger altman on how the outcome of the election could affect your machine. Plus mond leez and paypal report earnings after the bell we will bring you all of those nbc first on cnbc with mond leezs ceo as soon as those numbers come out. We start off the month of november with gains after a down ep to october. Bob pisani is tracking some of the action. It is turning out to be a fairly simple narrative to understand today that is investors are choosing stimulus over stayathome plays. Let me show you what i mean. There is a belief there ises going to be very gig stimulus coming somewhere down the road again. Thats taken hold here look at the s p 500, up. Wait look at the small caps, up almost twice as much generally the bep y ....
Vice president ial contenders take the stage for the one and only vp debate in Salt Lake City tonight. We will take you straight to the beehive state for a live preview of what could be the most intensely watched vp faceoff in history. And our allstar Political Panel, Brad Blakeman and mary ann marchon on why the president chose his Supreme Court nominee over trillions in coronavirus stimulus yesterday only to reverse. Plus, slack stepping it up to take on tiktok and instagram . Slack unveiling workplace video stories as it fights off new challenges from google. Ceo Stuart Butterfield joins us live in just a moment because they have a whole host of other things they are floating. Really interesting things. I ....
Earlier bonds had been higher, as was the case yesterday. Yesterday i was speaking as that is one side of uncertainty. Even though stocks have been higher, bonds higher. On this news around President Trump said to have approved a broader stimulus plan, bonds are now lower. This tells you investors have some confidence a deal may get done sooner rather than later. We have heard so much back and forth on this narrative you will have to believe it once you see it, one something is agreed to and signed if that happens. David it is a little like lucy in the football. It feels like that right now. Thanks to Abigail Doolittle for a report on the markets. We have been looking not just at the polls but at Market Metrics showing how investors are pricing the outcome of the election. We welcome david hunt, president and ceo of ....
Return back to this market. I guess if you are an investor going long, you have to be happy with what you have seen over the past few days. Caroline down in volume. Very much the build up toward labor day. Managed to rise 12 points. Overall, it seems to be all focused on neverending buying. Out, a we should Point Company here, big commerce holding, this just went public at the start of this month. It was up 37 today. This is basically going to be the software behind this ecommerce storefront. Big commerce is the beneficiary of this announcement. Taylor about 88 billion in market cap, showing a pretty big number on the top in bottom line. Estimates were about 1. 55 billion. Decent beat on the bottom line on adjusted aces. Earningspershare, 1. 81 versus 1. 09. I continue to shift through some of the earnings. In the meantime, lets get back angelamwanza mwanza, from ubs. I am curious, as you recap earnings season, were expectations to ....