Million. And beyond meat, those shares are down sharply amid slowing sales, while mcdonalds launches a new plantbased product line carl well get to that later, guys first, jim, a lot to unpack with the covid cases, pfizer news, lilly news today, azar on squawk saying the timeline for a vaccine delivery is getting pretty specific now. Right look, were back in that same world and i listened to the fund manager speak on squawk, got to buy value and sell growth where were they yesterday whenle have you went from being okay to being overvalued in about a threehour session i find that when i look at some of the stocks that i like in the industrials, they have gone so far that i think now everything has to happen right and these arent going to happen righting. They are hostage to earnings Cloud Computing stocks, they have a lot of room to go down because theyre so high. When you look at faang, for instance, does it make it so alphabet is worth less the principle method of how alphabet makes i
There is a tumble on the growing u. S. Industries. Decade, asore than a the pandemic rages on. It is also slashing its final dividends. Big tech is a warned that it may lose Legal Protection over user content. Lawmakers are accusing tech shery lets get you started with a quick check of the markets. We are saying u. S. Futures, online higher at the moment. This is after u. S. Stocks tumbled by the most since june. Check is leading all of the sectors. Tech is not really acting like a haven today. Lets see how things are shaping up for the asian markets. Heres Sophie Kamaruddin in hong kong. Sophie after that steep drop that we saw for u. S. And european shares, expect losses to continue. In asia. It is the busiest day of earnings for china. In australia, we have all of these futures falling to the lowest since october 5. This is after a report of a 40 a 42 slump in profit. S may be facing a tumble. Bullion fell. Is picking up steam. We may see some slight tweaks to its quarterly forecast
Vice president ial contenders take the stage for the one and only vp debate in Salt Lake City tonight. We will take you straight to the beehive state for a live preview of what could be the most intensely watched vp faceoff in history. And our allstar Political Panel, Brad Blakeman and mary ann marchon on why the president chose his Supreme Court nominee over trillions in coronavirus stimulus yesterday only to reverse. Plus, slack stepping it up to take on tiktok and instagram . Slack unveiling workplace video stories as it fights off new challenges from google. Ceo Stuart Butterfield joins us live in just a moment because they have a whole host of other things they are floating. Really interesting things. In the meantime, lets get to the president s tweet thats got the markets doing quite a dance. This is what we saw at this time yesterday, after President Trump put a full stop to stimulus negotiations. You could see it. It really began to fall very dramatically. His tweetstorm right
Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
Well also hear from thom tillis, rick gates and arkansas senator tom cotton. Markets this morning look like this. Futures indicating this morning a decline at the start of trading. The dow industrials down right now 276 points, the nasdaq down almost 201, as you see, and the s p lower by 38. Markets finished near session lows wednesday on fading stimulus hopes of. Earnings season meanwhile rolling on. This morning we hear from walgreens, Morgan Stanley and Charles Schwab among others. All the numbers as soon as they hit the tape this morning. The nfl is back in business, you can watch the biggest games on fox, fox nfl lead analyst and three time hall of Famer Troy Aikman is here previewing whats next for the super bowl and beyond. Mornings with maria is live right now. European markets this morning look like this. Weve got a negative showing there as well. The fq100 down 133, the cac down 107 and dax index lower by 363. This as we learned covid cases in europe have surpassed those in t