Joe biden making that final push to win over voters just days before the election. Brian sullivan lays out the big guide in one big battleground stooit stat state. And well go live overseas into the deep dive an app hes success. Youre watching World Wide Exchange good morning, im dominic chu in for Brian Sullivan. Lets get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. S p by about 49. And the nasdaq lower by 220. Well get in to that more. Stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3 and nearly 6 so far in just that short time span alone. It is also the last trading day of the month and october proving to be a tough one for investors. The dow down nearly 4 , the s p down 1. 5 . And the nasdaq with a fractional gain, although we know the nasdaq
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, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
Big buy call on a burger joint you know there it is. Its yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a Big Court Win in california deirdre bosa has more. Reporter until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the shortterm it suggests that their threats to shut down service in california over the last week worked just hours before the extension, lyft told its drivers and riders it would be suspending services at midnight because the change would necessitate an overhaul of their entire Business Model and wasnt a switch they could flip overnight. In reality the writing has been on the wall for years. Uber and lyft used a tactic theyve used in other markets to avoi
Again and bet, bath, and beyond with the street gone its thursday, july 11th and World Wide Exchange begins right now. Good morning awelcome to World Wide Exchange. And dow higher by 54 points and s p higher by almost six points and the nasdaq almost 20 weve been at this level for most of the morning. We have the dow, the s p 500 in the nasdaq and not necessarily closing there, the nasdaq dedid and trauszs for the First Time Ever so that was good, crossing 3,for the First Time Ever. Didnt actually close there. Its relatively quiet today although we did see some yesterday as oindicated a raich kit was coming maybe 50 basis points. But right now the yield on the 10year is sitting at 2. 0. And thats see what the action looks like its green, basically all the way around the world with in asia as you can see higher by a 1 2 a percent and the south korean cospy added on a whole percent and change were green across the board as well like yesterday the strongest action up 7 10 off a percent bu
You were past your prime. Hell, i know something about that. President biden was cracking jokes with defending World Series Champions at the white house yesterday. That looked fun. We do have a lot to get to this morning. A very confused judge in fort pierce. Oh, my gosh. She was shocked, shocked that you could have two grand juries going on at the same time. Its not a good sign, actually. Whered she go to law school . Oh, boy, a lot of questions. Not a good sign. Well go through the flurry of legal filings last yesterday in the 2020 election case that has the judge summoning both sides to a washington, d. C. , courtroom. Different judge. This is a different judge, a different case. Plus, action around the Fulton County courthouse in atlanta. Different case. Sparking speculation that another indictment, another one, could be coming very soon for the former president. Also ahead, well explain how the fight for Abortion Rights in ohio could hang on what happens in todays special election