Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
Text message. 2027488903. Again, the text number only. 488903. Please include your first name and your city on that text message. Here this evening looking at some of the reaction to tonights debate. Lets start with reporters take on it. Susan page moderated the one and only Vice President ial debate. She writes, this isnt the first time an incumbent president had a disastrous first debate, then seemed to learn some lessons for the second. She said witness reagan in 1984 and president obama in 2012. Someone who covers politics for the Washington Post notes the Vice President looked at his watch toward the end of the debate. Didotes that george w. Bush the same thing during one of his debates. He said the gaffe wasnt that bush looked at his watch, it was that he did so at a town hall debate where voters were asking him a question. He said it looked like an insult to those voters. Minutessays it took 41 to get a malarkey reference tonight. , a tweet that the 1988 Vice President ial debat
With the conducting of normal activities in the midst of this coronavirus pandemic. Here is how you can express your thoughts. For those in the eastern and central time zones, 202 7488000. If you live in the mountain and pacific time zones, 202 7488001. For you medical professionals in the audience, it is 202 7488002. You can text us at 202 7488003 washington journal. You can post on our twitter fee d. It was the Gallup Organization posting a poll yesterday asking people what they would like to see as far as returning to normal before they themselves return to normal activities. 80 said the one thing they would like to see is a mandatory quarantine for anybody testing positive for covid19 followed by improved medical therapies for treatment of covid19. 73 of those participating said they had to see a significant reduction in the number of new followed by 68 saying the availability of a vaccine to prevent covid19 and 61 saying they needed to see widespread testing to identify and monito
Investors. What do you make of these dynamics taking place in the market you know, it makes a lot of sense personally if youre concerned about your health to take precautions for your family to avoid risk. In financial markets, you should not be trying to avoid risk at times when prices are incredibly distressed if you look back to the financial crisis, we thought the Financial System was going away. If you look back to 9 11, you thought society was permanently changing you have these moments of stress where investors, because of uncertainty, say now is 250itim protect our portfolio, when in reality the prices offered at such you should be more of a risk seeker at this point in time yes, to your question where do you hide today relative to next weeks stock price, thats very difficult to guess and we not going to pretend that we know what to do we can say if you look out, these are very, very attractive entry points into some amazing companies. Win, i understand the logic this is an att
Liquidity conditions. But, fundamentally, this is coming back to a physical problem rather than a monetary problem. Romaine the dow jones down about 3 . The s p. Composite finished in the red. Into the green at the close, about 0. 2 . The only real sector was actually consumer discretionary, but it was a pretty lopsided victory. Namesof the semiconductor actually moving significantly higher, up about 10 index was your outperform her. A lot of names that people think could benefit from the stay at home, work at home environment. Netflix, intel, a lot of those names. Of course, to the downside, we see some of the names in the travel and tourism spacelike marriott, down about 6 on the day. As far as the treasury market, we continue to see some buying. 10 year yield 0. 795. The bloomberg dollar spot index is still higher on the day. 10th street day of games of gains on that index. Still with us, jack manley. Joe weisenthal, scarlet fu, still in their bunkers somewhere. Jack, when you look