Case as soon as today. Preparing for a flood of sanctions. The Trump Administration preparing a new wave of actions against iran in the leadup to a joe biden presidency helima croft is here to weigh in. Theres no stock like your own stock. What Warren Buffett and the folks at Berkshire Hathaway have been at in the past three weeks. This is Worldwide Exchange right here on cnbc im back, back in the new york well, good morning, good afternoon and good evening im Brian Sullivan im happy to be back in a new york mood. And good to be with you after our epic twoweek election road trip theres so much to get to on this monday morning. You have a new week, a new president elect and the possibility of new policies that could impact the markets and your money certainly so much going on lets jump right into it on this monday futures are surging. Dow futures up 375 the election, after all that, pretty much turning out exactly as most on wall street had predicted and planned for. And positioned for
The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Then later he tweeted that he would be willing to cut some checks for americans, extend aid to airlines. Joining us now is kevin cirilli. What is really on the table right now . A small, piecemeal approach. Mark meadows was saying earlier that they are still pressing for democrats to do a piecemeal approach. That is a nonstarter with nancy pelosi. The developments coming as the president tweeting that no fiscal stimulus deal would be on the table until after the election. Should biden went on november 3, it would also mean that a fiscal stimulus deal would still come in the lameduck and even in the first calendar week of the year. Guy you are outside of the debate site for tonights debate. How consequential will tonight debate before the outcome of the election . Kevin republicans are hoping to have some type of major trajectory shift. Vice president pence is one of the leaders inside President Trumps inner circle as it relates to the coronavirus response. He is also trying to send bas
And 8 billion read a mistake is just under 5 . Hes pushing for changes at the Company Including a possible sale. Up about 5 as a result of that news. Its crunch time on capitol hill for republican tax writers. Finaluse bill is in its day of mark ups. The ways and Means Committee has been debating and shaping the tax cuts and jobs act. We will be one step closer to cutting taxes for americans at every income level. David after election losses in new jersey and virginia the pressure is on for republicans. Lori davidson joins us. Let me ask you what we expect to see from the senate today. We have seen some headlines. How different are these pieces of legislation . Very different and they continue to be different both on the house and senate side. Trying tore still figure out what this is going to be. On the house side they are going to vote this thing out of committee and they are still putting all the pieces together. Has comeno paper that out yet. On the senate side they are looking at