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 the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Themselves on the wrong end of a judges decision in california it is friday, october 23, 2020 and you are watching Worldwide Exchange on cnbc good morning, everyone. Im seema mody in for Brian Sullivan we kick off your friday morning with a look at stock futures, the dow up currently about 75 points the major averages august coming off their second positive day in three. But looking to end the week in the red. Here is how were set up the dow and s p are on track to snap a three week winning streak, the nasdaq on pace to break a four week winning streak for its first worse week since september. Part of that is apparent rotation out of Technology Take a look at the ishares and momentum etf, it is down more than 2 this week. And on pace to snap a five week win streak the etf tracks tesla, apple, amazon, invidia and microsoft. But not to be out done, First Trust Dow jones Internet Fund is now down about half a percent for the week eyeing its first down beak week in five financials and regi
There are four of you and there is quorum, i will text the commissioner to see if she needs help. President bernal with the quorum present, we move on to the next item. The approval of the meetings of the minute of september 1st. Wrong date, im looking at the minutes. The minutes of the meeting of september 15. Upon reviewing the minutes and without amendment, do we have a motion to approve or any amendments from the commissioners . So moved. Second. Before you all vote there is nobody on the Public Comment line, so there is no need to take Public Comment. I can take a roll call vote, commissioner. President bernal yes. Commissioner green yes. Commissioner chung yes. Commissioner chow yes. And lets see if okay, i will call her as we move into the next item. That looks like the minutes passed. The next item is the directors report. Director colfax. Good afternoon. The director report, grant cocolfax. One item of note, september 30, state department of Public Health released details rega
Ask the public to participate remotely by writing to the board or leaving a voicemail message. For all comments received in advance of the meeting we have received and we appreciate these comments. While Technology Allows us to hold these meetings via teleconference, it may not be as seamless as it would like to be. There will be gaps in some airtime, staff at times the staff transitions between the speakers and the callers. Know that we are doing the best that we possibly can and we ask for your understanding and patience as we are all learning this new way of working together. A reminder to the Board Members to mute themselves to minimize the background noise. Board members will have to remember to unmute themselves to comment. Again, were going to ask everyone to be patient as we make these adjustments. Madam secretary, roll call, please. Clerk [roll call] we do have a quorum. President bridges . Number two, communications. Due to the covid19 Health Emergency and t due to the covid1
To be here. I love that idea i think i can do that. Every night i make a lot of money with them but they make millions and hundreds of me. And. Heres a nice well theres a nice a great wall and nobody feels a lot better than me believe me and ill build a very inexpensive like a great great wall. And just in case youre worried about whos going to pay for it mexico will pay for. It well see what happens who knows i always say who knows. Well see im still researching. This is boom bust the one business show you cant afford to miss or in washington coming up markets in the United States and around the world continue to slump as a global coven 1000 cases are surging straight ahead as we bring you up to speed on the scary week for equities and where we stand with the global cases and this comes as the eurozone has reported a bump in Economic Activity but the spike in cases could threaten that growth later on we dig into the numbers and what toll new lock downs could have with a packed show to