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Going after one company that is very close to home we are closing to a working vaccine than you might think so says biotech expert here with us on this tuesday, september 22 this is cnbc. Good morning good afternoon good evening welcome wherever in the world you may be watching. It is a jam packed show today nasdaq futures with an implied open actually in the green this is all ahead of another downed day and major average the dow dropping another 500 points for the third day in a row. The first fourday losing streak since september. The nasdaq is on pace for the worst month since march. Index now down 8. 5 since the first. If we lose more than 10. 8 , it would be the worst monthly performance for the nasdaq worse than the march lockdown month. It looks like nelson may have nailed it. He sent out a note saying the nasdaq could fall 20 because it was just too overextended. Speaking of all of the stocks in the index, only 10 are higher in september they include zoom, seattle genetics, ali ....
His big tech hitting two big is big tech getting too big . Shery we are seeing u. S. Futures slightly higher, up. 1 , this after we saw stocks falling in the selloff in tech intensifying in the u. S. With the fomc leaving the markets and a Little Information lot of questions about the state of the economy and the recovery. We are seeing japanese futures holdings that he at the moment. At this of course as we head for the boj decision. Really not much change expected right there. Stimuluscy to step up receiving. We have a new cabinet in japan as well with the new Prime Minister su,gaga. Right now, under a little bit of it has reached the 105 level. Key restocks gaining. 25 . We have Second Quarter gdp numbers coming in sightly better than expected, but still, the worst contraction since the great depression, down 12. ....
Lot of money when you die, youre doing it wrong according to the author of a new book. Power lunch starts right now we welcome you to power lunch. Stocks lower the dow is down less than 50 points right now 3m and mcdonalds are two of the biggest contributors to that decline. Both reported results this morning. Well have details a bit later in the meantime, bob gets us caught up on whats been happening on the market today. Robert hello, william. Good to see you. We have one third of the s p reporting. Two stories. One is the reopening story is not going that well. The other story is cheer up. The Second Quarter was the bottom which is it . Sherwin williams knocking the ball off everybody is painting their house. The Home Builders are billing it dr horton, great numbers orders were way above expectations then theres the other side, companies saying we are not providing any guida ....
Treasury yields rise as u. S. Jobless claims drop. Is creaking aine milelong allegations of cheating. Saudi arabia moves forward with a volatile deal. David david and amidst those headlines, we are just getting a kind reminder was, i dont know if it is early, 50 right now, but it has been a relatively good week, even considering the pullback we had. Gold, 1721. Lets put it this way. A moderately soft start to the session, a third of 1 . , give ores trading take, a 10th of 1 . Jobless claims were below 2 million. We are looking ahead to the jobs report later today, 19 Unemployment Rate is what we are expecting. Have a look at the currency markets with the dollar, the weakness in the dollar up about 12, 18 hours back has really been your top theme as well. Strengthe seeing some coming through a lot of these asian assets. Have a look at where we are on euro. 90. Ling back up about we are up eight days on the euro until right now. ....