Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num
Strong considering the fact you have a 3. 7 Unemployment Rate wage growth well contained, that raises the possibility that we can take Unemployment Rate well under 3 1 2 , before we run into a serious problem, with pricey inflation labor market may be tight but not overheating in a sense that is poses a threat cheryl big show this morning, Fox Business Network dagen to price stability maria okay, all right you are not worried about all of mcdowell, moodys capitol john this you think the economy keeps growing. I think it will keeps is here and analyst. Growing however that ism manufacturing report contained lowest reading on good morning, gd to be manufacturing employment sings 2016 keep an eye on that. Here. Joining the conversation americans for tax reform president and founder grover no. What is happening with manufacturing is interesting because jobs are changing in manufacturing. And so there are jobs out there, bemployers having difficult time finding skilled tenth, robotics artif
Stocks holding on the break even line on this busiest earnings day of the season s p and nasdaq lower. The Real Movement is happen ng the treasury market. Were seeing the yields and tenyears reach the highest levels since may. Biggest ipo thrks one. A transport company out of china. The stock is down 8. 5 . Welcome, efrk. Herself what else is happening at this hour. Twitter much in the news announcing it will discontinue its vine mobile app. Congress will hold a hearing next month looking into mylans big epipen settlement with the Justice Department and amtrak will now pay 265 million in settlements following the may 2015 Train Derailment in philadelphia that killed eight and injured hundreds. About 11 days to go until the election. Donald trump expected to take the stage shortly at the Champion Expo Center in springfield, ohio. It is the first of three planned events for trump in the state of ohio today. A state he probably almost certainly has to win. With the election front and cent
Recall for the model x a couple hours ago. How the bad news could impact the musk empire. Netflix set to increase prices for about 17 million users with increasing competition in the space. This music is killing me here. Can the streaming giant keep Pricing Power . Thats the question well debate here on closing bell. I think we should keep it going the whole time . Why not, sure. Goldman sachs getting hit with a 5 billion fine. Eric sneiderman will join us after the bell and those goldman shares rallying on the hopes that the last few of these remaining settlements we are seeing in the past just as were coming up on earnings season. Where does all that money go . Thats the question well be asking, 210 billion, i think Something Like that at this point. So far, exactly. From these fines and settlements, lets get right to the unexpected meeting between president obama and janet yellen with her thoughts, from the washington post, ylan, good to see you. What are they discussing . Reporter