Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L
The presiding officer pursuant to rule 4, paragraph 2, the senate having been in continuous session, the senate will suspend for a prayer from the senate chaplain. The chaplain let us pray. Holy god, as our lawmakers strive on this decisive day in history to accomplish your purposes, show them how to discern your will. May they renew their minds through the in yourishment of your an hourishment of your holly word. Lord, prepare them to be sober minded and filled with your spirit, accomplishing the tasks that receive your approval. Lord, keep them from conforming to worldly impulses, as they strive to ensure that their conduct will rightly represent you. May they conduct themselves with holiness, godliness, and civility, waiting for the day when you will return to establish your kingdom on earth. Lord, prepare us all to stand before you in peace without spot or blemish. We pray in your powerful name. Amen. Mr. Lee mr. President. The presiding officer the senator from utah. Mr. Lee mr. P
Have warned that if the current rate of hospital admissions continues, the 2,000 intensive care beds in belgian hospitals could be full by midnovember. Woodruff and, its friday, mark shields and david brooks weigh in on the barrett confirmation hearings, the dueling town halls, and the approaching election. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by movingur economy for 160 years. Bnsf, the engine that connects us. Fidelity wealth management. Consumer cellular. Financial Services Firm raymond james. Johnson johnson. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. This program was made poible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the president ial candidates were back out on the campaign trail today, just h
United states within the decade. Nancy pelosi says that the house is ready to vote on a potential deal this week and Cocacola Europe is buying a soft drink or soft drink makers operations in australia. 19 premium eight to their last close. Lets have a check of the markets. We will start off with u. S. Futures, currently weaker by about 0. 2 . The cost is up right now but when they lasted they were higher by 0. 2 . Reporting higher a little but by a little more than 0. 25 . Europe as covid cases continue to rise is really weighing on crude at the moment. Continuing to prop up buying for january. Still some downward pressure there. Kathleen chinas leaders gathering in beijing to map out the fiveyear plan. The economic roadmap is expected to center around technological innovation. Mackenzie joins us from beijing with the preview. What should we watch for . They will be meeting here in the Chinese Capital over the next four days. We are expecting to get a bit of a steer in the next few day
Nervous and seeking that safety. Now you have the 10 year yield higher. Over the long run, if that continues, that will actually be a headwind. Today you have to take it as a signal investors not wanting havens. , the new yorkand faang complex, the mega cap tech stocks, that is down 1 . That part of the market is still weighing on the s p 500 while you have the financials and the energy and some of the other cyclical sectors doing well. David talk about that faang index. Earlier you said the real story is not the index, it is what is going on with amazon. What is going on with them . Abigail there two day prime event was last week. If you look at the stocks from that event to today, almost in a correction, down nearly 10 from peak to trough. That is not a great sign. The stock is underperforming its peers by about 5 during that same time. If you have a stock coming out of a bullish event into an Earnings Report suggests that hiphop ahead. Hiccup ahead. A the company could be under pres