Swan number three, hurricane zeta. We will show you exactly where it is right now and how its crushing oil, natural gas and energy stocks. At its lows the Dow Jones Industrials had fallen 908 points. So when you combine that with the previous two days, thats a drop of more than 1700 points. The s p 500 and the nasdaq are also struggling hard right now. We have the s p down 94, the nasdaq down 332. Look, now we see octobers gains wiped out for those two indices and oil getting crushed in the aftermarket session, down 5. 25 . We are now at 37. 51 a barrel. This is not helping, either. Three tech giants, facebook, twitter, alphabet google, adding to the nasdaqs woes. Their shares hammered as their ceos faced congressional scrutiny from both sides of the aisle during a very contentious hearing on capitol hill. We are about to show you the key moments and then our tech panel, top guys in the industry, will translate what it might mean for the stocks. Will the renewed lockdowns invite a supp
There are many reasons. And there are many alternatives to. Make up your own mind. Made for minds. A president saying hes better and markets on the rise. Moves from the hospital back to the white house marcus prefer to disregard that so far the us president hasnt been healed from closing 19 also coming up she earned her a name for herself by going after big tax europes top antitrust official tells us why her work isnt done and pare for some eggs from the web the chinese farmers are increasingly turning to online streaming to sell the products. Im Chris Culliver welcome to the program u. S. Stocks rose to their highest level in a month on monday with Investor Confidence growing over the possibility of a new fiscal stimulus to the markets also appeared to be called by news that u. S. President. Was leaving hospital following treatment for coverage 19 positive Economic Data from the Service Sector also helped asian trading on tuesday also bounced back. Lets get more from our markets corre
1. 8 trillion. And jobless claims disappointed the street coming in at 898,000. It was the highest rating since mid august. Rising coronavirus cases in europe and the u. S. Affecting sentiment. 59 minutes left of trade down only 23 on the dow. The european measures definitely weighed on european markets. We have improved since the european close coming up, we will speak with gregg lemkau about how the pandemic changed the m a landscape. Plus the ceo of zoom will talk about the companys efforts to branch out beyond video meetings and the stocks run thissier. Fir mike, lets start with you the Broader Markets well off the session lows. A resilient showing throughout the last few years. You mentioned the market lows in the u. S. Were just before the european close perhaps that was one of the bigger pressure points, the overseas action. Where it has taken us though is really hasnt disturbed much of the trend. This is this area. Last week we broke above this range we have been in for a while
Gain of more than 500 points the day before that and right now dow futures indicated up another 113 points this comes after the dow closed at its highest level in a month yesterday. Oil prices picking up by about 3 more of a supply picture but the s p 500 indicated up by about 13, nasdaq up by 31. And treasureky my market, te yielding 0. 765 . Andrew lets talk about stimulus this morning because house he Speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke about a broad stimulus plan yesterday and Speakers Office says that the treasury secretary made it clear that President Trump had interest now in finding an agreement on a comprehensive relief plan, that conflicted with comments from the White House Communications director who said that the white house wants to address stimulus checks, Small Business loans and the airline, but not anticipating a larger package. Nancy pelosi said that the white house is open to something bigger but not on the scale that democrats have prop
Is the day. So he may not entirely be able woods yet the team and i agree that all are a valuations and most importantly his political status support the president safe return home we all remain cautiously optimistic. And on guard we have worked very closely with the walter reed team to ensure that we are looking very closely at Infection Control Prevention Strategies and the right posture so that the president can safely return to his residence we try to get patients from the hospital. As quickly as is safe and reasonable every day a patient stays in the hospital unnecessarily is a risk to themselves he has never once pushed you can anything that was beyond safe and reasonable practice that we all 1st. Also on the day by Opposition Leader took on a sky out visits germany to meet with chancellor im going to what is she looking for a bird to broker talks with alexander lukashenko. We need. Help in mediation negotiations with authorities and we think that. It is going to be extremely hel