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Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, ap ....
Volatility . Time now for global exchange, where we bring you todays market moving news from all around the world. From london to frankfurt, beijing to hong kong, bloomberg voices are on the ground with this mornings top stories. Want to start in hong kong, where the high court is set to allow the government to reinstate a law banning protesters from wearing facemasks. Earlier in the week, the court ruled this very law unconstitutional. Or Bloomberg China editor leigh joins us on the phone. Came after chief executive carrie lam imposed this mask ban last month by invoking a colonial area Emergency Powers for the first time in a halfcentury. The court struck it down earlier this week and said it was unconstitutional. It has been flouted by protesters who continue to wear masks to shield their identities from police. This comes ahead of sundays district elections here. They ....
Have. My name is george and im the programmer at the commonwealth and we want to welcome you and thanks so much for coming down. We will have Charles Schwab in conversation with adam bleszinski. We appreciate you all being members of the Commonwealth Club. If youre not a member itse oun a great time to join. Traffic programs coming up in programs like the one here. And there is ae jonbenet billyt the back of the room who will be happy to answer any questions about joining. See him on your way out. Youre welcome. Take a moment to turn off all your cell phones. While youre doing that let me tell you about a couple of things about the program at the Commonwealth Club. On october 31, halloween at noon brett will bewe with us, novem r november 12 National Review e ....
Stocks are under pressure and i do mean under pressure down by more than 300 points on the dow on that weak manufacturing. What way to start the Fourth Quarter. The s p and the nasdaq down a percent or more in each case take a look at whats leading us lower. That will be industrials materials, the suppliers to industrials and energy all of those sectors down 2 or more lets get down on the floor of the New York Stock Exchange bob. This is a big miss on the september manufacturing and i think this is a problem for the markets here the s p moved in a 50point range. Almost 1. 6 lower since the ism report came out at 10 00 a. M. Eastern time the s p has moved more than 1 this reaction was probably just sheer size it was not just the big miss it was the lowest reading in ten years. The other reason for the outside reaction is despite the turmoil around global trade, the s ....
Indiana congressman dave mcinto be, ed kinard, ellie ya zinn sky and Jenny Beth Martin, Tea Party Patriots cofounder. Let me go to you first, Jenny Beth Martin, because you wrote an interesting piece on tax reform helping the sharing economy. And ive got to tell you something, no ones brought that up even though its the hottest thing going in this country right now. It is, and i think that it really highlights the fact that the last time the tax reform that we had tax reform, it was 1986, and we werent even using the internet or email, much less this new gig economy where people can plug into uber or lyft or other types of businesses to do contract work from time to time as their schedule allows. Charles so does it help, is there any provision or thought put into this plan from either the senate or the house . ....