Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
We start off with all the red on wall street, stocks retreating from alltime highs as the dow drops over 800 points in its biggest oneday decline since june tech starts dropping nearly 6 , snapping a tenday win streak. Is this only the beginning guy adami, what do you think hi, mel remember the carpenters . The car ppenters are one of my o five favorite bands. Weve only just begun as ive said many times, 24 hours does not a day make. I dont want to get into the vix but i will say weve talked about it now for the better part of a week and a half despite the that the Broader Market was rallying, the vix was trying to tell you something the internals of the market havent been particularly good this gets us back to levels we saw last week. I do believe its the beginning of something but it could all reverse tomorrow on jobs numbers. Weve seen it before we come back after a long weekend to find the market up significantly. Clearly there are things to be concerned about. Grasso, what did you
Survivors of the massive beirut explosion demand answers as they mourn their losses. Were in lebanon with the new information on the blast. And Michelle Obamas candid comments. The former first lady speaks about her own Mental Health struggles and the pandemic and racial strife. First, heres todays eye opener. Your world in 90 seconds. It will go away. Thing goes away. Absolutely. Its no question in my mind it will go away. Chicago Public Schools will start the school year with all Remote Learning. The fact of the matter is, we are seeing an increase in cases. Investigators probing that massive explosion that tore through beirut. Teyre focusing on possible negligence. It was a nightmare. We felt that for the first time. A wedding photographer captures the exact moment a massive explosion shook beirut. Lawmakers have yet to come to an agreement on the next Coronavirus Relief bill. Well sit and work and work until we meet the needs of the American People and get this job done. Millions a
Expect to live with the coronavirus for months. The waiver of us continues when millions of americans fighting for benefits in the past week take your life to. Octets a quarantine maaco the russian Facebook Group is recruiting pets fatness household crops to leave much of the classics. Im sure to the program the e. U. Commission president the line has admitted that the bloc was unprepared when the coronavirus pandemic hit on that it failed to help basically when it needed it most with 21000 deaths a culvert 19 is it its really hard to been any other european country road has expressed dismay of the even. Initial response European Countries were slow to send medical aid some even ban the export of vital medical supplies addressing the European Parliament in brussels the Commission President apologized and said the block to now has to come together as never before to fight the pandemic yes it is true that no one was really ready for this. It is also true that too many were not there on t
Yields down by about eight basis points, once again under 1 for the 10 year. Time now for global exchange. From hong kong to washington to new york, our bloomberg voices are on the ground with this mornings top stories. Want to beginning asia. Total coronavirus cases around the world is now above 95,000. Cases seem to slow in south korea, while switzerland reported its first death. With us now is sophie kamaruddin. Is reporting an increasing number of recovery patients, roughly 62 of those who have been diagnosed who have been discharged from hospitals. The number of fatalities reported wednesday totaling 31, all of which were in hubei province. Jinpings scheduled visit to tokyo has been delayed, and Prime Minister shinzo abe did reveal tighter border controls and japan, including two weeks of quarantine from visitors arriving from china and iran, as well as south korea, where cases have topped 6000, but the daily count has slowed has monday at the country been testing hundreds of thou