Election day in what could be the most volatile week of the year. But, tech is still lagging. We will preview upcoming earnings. My exclusive interview with snp ceo klein. Could this mean bad news for the rest of tech . First, the earnings parade continues with posting its annual profit forecast with new accounts searching. Net new accounts jumping 55 from a year earlier. We will get to that in a moment. First, Abigail Doolittle has been looking at the broader markets today as we head into the big day. A lot of anxiety going into tomorrow. How are investors digesting it . Abigail anxiety describes it well. More jitters on the part of stock investors. Another wild day. Sharply higher. Afternoon, then finishing up just a little bit after the close. Investors were selling the tech stocks, or some of the tech stocks, and buying up some of the cyclical, growth sectors such as energy, industrial, materials. On the other hand, volatility, still very,0 fix very elevated. The investors are conc
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investors like what they see to get into more detail from the b
Corporate results come fast. The hiring trend on Second Quarter impairment and the cost of the pandemic. 6 00 a. M. In london, 7 00 a. M. In germany where siemens numbers are crossing the bloomberg terminal. This is amidst this is a beat. 1. 79 billion on the industrial businesses. The estimate was for 1. 19. They are reaffirming the 2020. They still reaffirm refrain from giving guidance for 2020. It is still very tough for them. The estimate on the numbers was for 1. 1 billion overall. Let me try and get those for you. Still no fullyear guidance. They see it comparable to crime this year. Still a moderate decline for 2020. Refraining from the guidance. Third quarter Free Cash Flow is 2. 46 billion versus 134 a year ago. 434 a year ago. It is a different business to the one they took over in the early 2010s. 2013 is when he was there. You have got a little bit of data to get through. We will talk a little bit later on. He is the ceo of siemens. Firstns us for the interview of the day.
Vaccine and treatments, bringing the futures off of their lows this morning. Still looking a lower open today, but much of this is profit taking after a very strong rally yesterday and last week. Investors saying you know what, im going to take some money off that table. Theres not much stopping big tech, though. We talk about them a lot, every day, but for very good reason. New highs for several of these and one of our bulls will tell us in a few minutes why hes still buying them even at these levels. Happening at the white house today, a big meeting about getting americas children back to school in september. That is a major factor in the economic recovery, if kids are back in school, parents can go back to work. Its a key issue. What about Patrick Mahomes . Hes a recordbreaking deal thats guaranteed for nearly a half billion dollars. I say guaranteed. Hes a very rich young man. We have two pro athletes on the program to talk about that today. Big three lourshours ahead. Im Ashley We