Hearing. Futures this morning look like this, markets fractionally moving this morning, they are in the red on fears of a new coronavirus wave. Dow industrials down 17, nasdaq down 23 and s p 500 not too far from where it closed yesterday, down just about 2 points. Despite positive talks on a new round of stimulus. It is he departure from yesterday, markets were boosted by energy, technology and financials. This morning, we are seeing reversal after four weeks straight of losses, the dow industrials yesterday were up 410 points, nasdaq up 203 and s p higher by 53. California wildfires turned deadly as more than 50,000 people are forced to evacuate their homes and wine country has been ravaged by the flames. We will take you there live. And hitting the brakes, the epa questions californias new plan to ban gas powered cars by 2035. Why it may not be legal at all. Plus, a skeleton of fun, this gigantic halloween decoration making the buzz this morning. Wait until you hear the price tag. M
Whale. Buying up massive bets on tech shares as the european commissioner tells cnbc europe needs an answer. Its a major problem. Cant match this problem with a single taxation. And he is worried about talks with the u. K. Amid talks that the government could override parts of the divorce deal. Happy monday and a very warm welcome to street signs. Lets look at how the markets are doing. European markets are trading higher across the board this morning. Every major region participating in the rally the ftse rallying 1. 2 last week it underperformed relative to the rest of europe all of europe seeing a negative week last week the stoxx 600 dropping we have a bit of a rebound taking mace this morning lets take a look at the sector break down starting with the best performing parts of the market we have real estate up about 2 . Autos also performing up 1. 9 . Renault is a star performer. Industrials and basic utilities round out the topper formers lets see what the bottom looks like media
The 5th demonstration on president lukashenko has disputed election victory. Im phil gal welcome to the Program Israel and the United Arab Emirates have announced that they have agree the historic peace deal under its terms the u. A. E. Will recognize israel and establish diplomatic relations in return israel will drop its controversial plan to onyx parts of the Palestinian West Bank the u. A. E. Says the deal is a win for diplomacy in the middle east the agreement was brokered by the United States just a few moments ago i was there a very special call with 2 friends Prime Minister Benjamin Netanyahu of israel and crown Prince Mohammed bin. The United Arab Emirates where they agreed to file and see. Historical peace agreement. Everybody said this would be impossible. And as you know mohammed is one of the great leaders of the middle east after 49 years israel and the United Arab Emirates will fully normalize their diplomatic relations they will exchange embassies and ambassadors and be
New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi
From tjx to l brands to bjs as they report sales better than feared. Coming up on todays show, the view from the south. We will speak with atlanta fed president Raphael Bostic about how reopening is going in his district plus, Scott Gottlieb has called Antibody Testing a game changer. We will speak with the head of quedel and we will ask how his companys rapid diagnostic measures are up to the traditional tests we talk so often about. As sarah said, lower 0. 6 but off the sessions low Mike Santelli is tracking a volatile day for the market. Joining us to discuss big money being spent in the race for a vaccine are Chris Meekins from Raymond James and meg terrell as always mike, lets start with you. Yes s p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200day average look at a oneyear chart of the s p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. So it is familiar territory. I dont