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Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spac...

Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yes...

Bloomberg technology. Lets take a look at the markets on the day. It was a risk on session, of course avenue do with the news out of madera that they have a vaccine that is 94. 5 effective on the volunteers. 500hat news, the s p finishing higher. Some nice gains out of the nasdaq. Moderna itself sharply higher. After the market, we did have news coming from brookshire and s. Her hathawaye berkshire added to their portfolio in terms of health care. Typically, health care a defensive space. With t...

Its 11 00 a. M. On wall street and squawk alley is live good Tuesday Morning welcome to squawk ally im Carl Quintanilla markets are seeing a fair bit of chop today as we keep pace with powells comments a few moments ago. Any progress on stimulus and, of course, the president s recovery as he returns to the white house. For that were going to turn once again to eamon javers hi again yeah, hi. What were learning this morning is that a military aide who works closely with the president has now also...

They missed estimates by a wide margin the expectation was for over 800,000. And tech stocks are broadly underperforming to day, unwinding yesterdays gains. Amazon, apple, facebook, and microsoft all heading lower. 59 minutes after the session and were down 2 for those names. Power play. Pete . 5 for the s p 500 lets get to the president s diagnosis and impact it could have on a broad range of issues. Were looking at the potential impact on stimulus talks meg has the details on testing at the wh...

Services, bundling, tv, gaming options, along with a new Fitness Service which will work in tandem with the watch. For tiktokcles bid undergoes a National Security review. Oracle does not offer compensation to the u. S. Government as president from amended but does promise to create 20,000 new jobs. Tech was up on the day but also or volatile. Why was that . Sarah the Third Straight day of gains for the s and p. The nasdaq, the second straight day of gains of more than 1 . A strong day for tech....

Aigail, it felt like broadbased selloff within the s p 500 all the way down to tech stocks. Abigail it was a broad selloff. A far more concentrated as you were just mentioning with the mega cap tech stocks. There was weakness for tech. The dow had been higher. That tells you the degree, the dow closing sharply as well. The closing pressure came for tech stocks. The worst day since march. The faang index down. Tesla down 9 . The stocks and chips also down 5. 7 . And you were mentioning that this ...

Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kin...

Like all week, the president also making an appearance on day three of the rnc. In the year 2020 the American People have had more then our share of challenges. Thankfully we have a president with the toughness, energy and resolve to see this through. Reporter wednesday night the rnc rolling on, Vice President mike pence giving his nomination acceptance speech at ft. Mchenry in baltimore, joined by his wife karen. And President Trump also making the trip before his big speech on thursday, also s...

All in the bay area, low clouds, lots of this mo the afternoon hours, we are watching the fire zone forecast is welcome to the wind picks up, nothing too extreme around time is 50 miles an hour. More of your forecast a few minutes. Standing by right now we have an update on the commute. Reporter good morning, we have traffic that is moving along slowly on some of these commutes at the bay bridge toll plaza for example. You will see its backed up all the way to the main metering lights which are ...