Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Enforcement is a radical move those claims will help reduce fatalities during arrests the proposal though has sparked mixed reaction. The Police Officers to respond to non violent activity its not the police who decide what level of force are going to be used the suspect this size and we are forced to respond. By the day here in moscow thanks for joining us on r. T. And. A decades old territorial dispute between armenia and azerbaijan has flared up again as austerity is resume on the nagornokarabakh border violence erupted on sunday morning and both countries have now declared martial law. Well discussed situation earlier on with aunties Saskia Taylor this is a conflict that has flagged often gone through parents of thought 3 decades now but within the last 24 hours we have seen the most serious escalation in recent years were hearing unconfirmed reports that people including civilians have been killed in the new one it region that happened on sunday but the military activity continued
Uncertainty about where fiscal stimulus is going to go in the future. The major stock averages are all coming off their 3rd consecutive losing week the u k apparently reported considering another National Lockdown to try to stop an increase in coronavirus cases there so that could rattle the Global Markets annalee here weve got negotiations for a second stimulus bill kind of complicated now with the passing of Supreme Court Justice Ruth Bader ginsburg. So thats also sending shock waves through wall street tech shares which had been riding high are all getting hit hard today, Apple Microsoft amazon all off by at least one percent and then if youve been following the latest with shares of an electric car and Truck Company is thought to be a major competitor to tesla well we have news this morning that trevor milton, its founder is voluntarily stepping down now as executive chairman and its board member as we have the department of justice and the sec. Apparently questioning some of the c
Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
There and that continues, at least. No rally 37 bucks. So many different stories to choose from. Lets start with oracle. Those shares are jumping ahead of the bell. Apparently beat out microsoft and walmart in a deal for tiktok and jim and i will go over this and find out what represents a deal nvidia arm holdings. Jensen huang will join us later this and verizon ceo, yeah, why not. Talk to us about that deal, as well verizon buying track phone maybe as much as 7 billion with certain targets met. Jim, no shortage of m a and didnt even get to the gilead deal give me your take on where we stand on the markets before we Start Talking specifically about this tiktok transaction. I can argue i want older people who keep saying the market is too high to cover their ears i could argue that all these deals this morning add up to a market that some people think is too cheap. The amount of money that is going into stocks that i think many people felt were overvalued is astonishing, david. And i t