busiest week of earnings thus far. trillionlmost $16 worth of corporate s reporting. we need to figure out exactly what the set up looks like. let s do that with scarlet fu. scarlet: what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s&p 500 having reported. third quarter etf down 18%. third quarter revenue down last, but still up 4% versus last year. we have definitely turned the corner because declines in the top line and bottom line are less bad than it was in the second quarter. it may even turn positive by the second half of 2021 when the conversations become easier. the market had priced in all of these third quarter declines. so far, so good. 500 are topping estimates overall. sales are beating estimates by 3%. that is the most in two years. eps is surprising to the upside by 18%, slipping from a 23% margin in the second quarter. gina martin adams says growth companies are beating estimates more widely than value co
effective, it brought down the market up the day about 39 points s&p 500 had given a run for the money. we are below that 2,800 level. s&p up about 4.5 keeping in mind the treasury yields right now, the 10-year seems to be yielding 0.606% andrew, i ll send it over to you. we ll give you an update now on the pandemic numbers. global cases have reached 2.7 million with 869,000 in the united states. the death toll in the u.s. is nearing 50,000 new york cases have hit 263,000 and new jersey over 100,000. georgia plans to reopen. they have the most confirmed cases with over 21,000 we ll talk about that throughout the morning. yesterday, new york governor cuomo shared early results from the study of 3,000 people that said one in five new york city residents tested positive. that means as many as 2.7 million in new york already encountered the virus and survived and never knew it questioning the available of the test but said new york s test was reliable enough to determine immu
the 10-year is yielding 0.75%. we ll continue to monitor that as well. we have a lot of guests today. including dr. scott gottlieb who will join us in a couple of minutes. j&j s cfo, the ceo of moderna, ceo of related companies and the ceo of zoom. all in the next three hours. andrew an update now on the pandemic in the united states. now more than 582,000 cases and 23,000 deaths. north has 96,000 cases and 10,000 deaths. new york governor governor cuome numbers appear to have knocked off in new york. it was an accomplishment. a heck of accomplishment those health care workers for the rest of my life, i will say nothing but thank you to them. i was not sure if we could keep the tide from overwhelming our hospital capacity. they did there is going to be no ephany or morning headline that says hallelujah, it is over thats not going to happen. we ll hear more from dr. scott gottlieb about plans to reopen the country and more about governor cuomo s gathering of states on th
taylor: really seeing some big gains on the s&p 500. this is the second straight monday where we have seen big gains. all of the monday before that going to march 2 posting big losses, so a relief that you are seeing some gains come in. small caps are doing the best. this is a barometer of the u.s. economy. some hope, given new york city fatalities have perhaps started to level out, that the economy can get running again. there is some hope in the russell 2000. the riskiest of all sectors, the stocks index, many of the chipmakers get the revenue from china, also the biggest performer of them all. take a look at the vix. 44 handle. this is the lowest going back to march 6. finally, i want to look at some of the individual stocks moving today. a lot going on underneath the mes. carnival is up 26% after a saudi investment fund revealed a stake in the company. ulta beauty rising 26%, added to jpmorgan s focus list. ulta beauty is one that jpmorgan is liking today. nvidia, chipmak
this is 3% declines for each of these markets. joe, it looked worse overnight we ll see what happens as we get a little closer to the opening bell you ve been watching the treasury. it was lockdown. it was lockdown for quite some time. and it really was about i couldn t help but saying, this is the politicians fault. it was if they had done what they looked like they were going to do as of friday, i don t think it would have been like that but then again, we may have had the, all right, they passed it, we re up and then that sells off. in this world, i don t know what to hope for anymore. this is how it works, though. i m going to read something in a second that i m so excited about. i even got more excited about this than i did about the futures not being locked down is,000 points. weet gel we ll get to that. it was 954 points or something. yields have come down. the ten-year was down at 0.829%. again, that volatility is spreading not only through the stock ma