The index is down 10 from its record highs for the month the dow fell 4. 5 pshs, again, its worst month since march and second down nont a row the stp and nasdaq coming off twostraight losing months as you can see here the moves in october not great hanging into november. But it wasnt all red arrows we have been keeping an eye on small cap stocks they fell 1. 5 on friday, they did end the month higher by 2 for their sixthstraight positive month or sixth positive month out of seven crude under heavy selling pressure u. S. Benchmark currently 35 per barrel, 2 of the downside here for wti crude. Remember, lockdowns across europe are beginning to go into effect and thats sparking demand fears much more on that coming up. But first, around the world, a mostly higher session in asia over night on china manufacturing data hang seng in hong kong up 1. 5 europe is getting their day started. Were seeing positivity in the european markets ftse 100 up. Sticking with europe any developing story thi
Employees. Weve got those details. But first we start with some breaking news. The electoral vote count stands right now at 227 for mr. Biden and 213 for mr. Trump. And we still have eight uncalled races. In wisconsin, which is still too close to call, biden holds a narrow lead of just 20,000 votes. Well within the margin of error there. Well within the drift that lets the president call for a recount. The Campaign Says they will immediately do so, request a recount. Another place biden holds a narrow lead, thats michigan thats where we find Brian Sullivan in grand rapids any update on this very close race reporter yes, and no how do you like that im like an economist on the air. Im going to give it to you both ways heres where we stand right now. Heres the reason i answered that way number one, heres the count 94 of michigan has come in. Its that last 6 that is the issue. Now, youve got joe biden who is up by about 45,000 votes right now. To your point, there are far more outstanding
Well, my view is that were coming into this election and were expecting uncertainty. Youre seeing Institutional Investors hedge against a longer period of volatility following this election. Theres clearly an expectation that perhaps tomorrow night we will not have a decision on who is going to be the president of the United States. With that being said, i think, you know, if you look at positioning into the next six to eight weeks, i think its going to be consistent with what were expecting for next year, which is an improvement in economic growth, perhaps an end or an improvement to the covid19 situation and likely stimulus from either the republicans or the democrats. It will look different depending on whos sitting in the white house and if we get a Democratic Senate but for the most part i think that investors are anticipating some stimulus coming out of this the next two to three weeks could be very choppy if we tonight hadon have that decision but i think investors are instituti
Will be fought in the swing states of course were going to take you to the mustwin county in michigan. Critical state and a county that could tell the story and later, sec chair jay clayton warns Corporate America about a heightened risk for Cyber Attacks. Hell tell us whats keeping him up at night. As power lunch starts right now. Hi, at thisltyler, hi, every tech is lagging again and as the hours roll on, its getting worse. Lets go to bob pisani for more details. Whats going on is theres a little bit of a rotation here. Stimulus is coming back. Some are investing in the idea theres going to be stimulus however, its coming at the cost of Big Cap Technology and all those workfromhome stories, kelly, that worked so well three or four months ago amazon, thats a sixweek low for amazon right now apples at probably a fiveweek low, microsoft, facebook, nvidia, also on the down side. Its the same with those other stayathome, the not mega caps but the stocks that did really, really well at the
Will google or facebook or others be broken up . Congress calling for big changes at big tech. As an investor, you have to hear this news. And could be the metals is where it is at an interview on where the value is right now it is wednesday, october 7, and this is worldwide exchange. Good morning, good afternoon, good evening from wherever that you may be watching we aint talking about love, but we are playing the music because we are talking about Eddie Van Halen, dying yesterday at 65 years old due to cancer. Rest in peace, Eddie Van Halen you made a lot of nights a lot better thank you. And lets see how the markets look right now, 5 00 hour as the sun is not even close to being up you. This follows a steep selloff tuesday afternoon, futures there higher about 229 the president s abrupt decision to scrap stimulus, but then around 10 00 a. M. , tp. M. , presi saying that the house and senate should immediately, all cap, approve 25 billion for Airline Payroll support and 135 billion f