We will hear from the head of west coast listings jeff thompson. Lucids desert oasis just finished a listing in san francisco. We will get a picture of supply and demand with first, u. S. Stocks started the month off by hitting records on stimulus talks and covert progress. Salesforce says it will proceed with plans to buy lack for 7. 7 billion to buy slack for 7. 7 billion. Slack prices up, salesforce had dropped. What do we see after hours . Abigail both shares are down. The idea that salesforce. Com would buy slack, now lo and behold, that is happening. As you mentioned, 27 point 7 billion in cash and stock. Some are wondering about the cash piece. Salesforce. Com does have a lot of cash, so using it here for this deal, and i think the bigger thing to take a look at is the fact that salesforce. Coms Ceo Marc Benioff has made more than 60 acquisitions, as you know, in his 21 years, making salesforce. Com the conglomerate of all these different pieces. Now they have this Communication
These children are dying because society has yet to decide that their lives are worth saving. Woodruff and, its friday. Mark shields and david brooks analyze the president s refusal to concede, and what a Joe Biden Administration could look like. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Fidelity wealth management. Consumer cellular. Financial Services Firm raymond james. Johnson johnson. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff covid19 set all kinds of records in the u. S. This week, and none was good. Just days after passing 100,000 new cases a day, the u. S. R
Judy and its friday, mark shields and david brooks analyze the president s refusal to concede. And what a Joe Biden Administration could look like. All that and more on tonights pbs newshour. Announcer major funding for the pbs newshour has been provided by [music] moving our economy for 160 years. Bnsf. The engine that connects us. Consumer cellular. Financial Services Firm raymond james. Johnson johnson. Fostering informed and engaged communities. More at kf. Org. Announcer and with the ongoing support of these institutions. Announcer and friends of the newshour. Announcer this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Judy covid19 set all kinds of recordin the u. S. This week and none was good. Just days after passing 100,000 new cases a day, the u. S. Reported 153,000 yesterday, more than 67,000 people are hospitalized. A record for a third raight day. The country has averaged near
On the day could be the reemerging trade war between the u. S. And china, china saying it will slaps sanctions on defense contractors. On this we have greens and other commodities lower, along with stocks. The chip index is a poster boy for the u. S. China trade war that is underperforming, down 2. 5 . That is another nuance developing, as if we needed more. Guy talk to us about david talk to us about the bonds. Last week we were talking about the reflation trade. We saw the 10 year goa above 85 basis points. Now i see it below 80. What happened to that trade . Abigail that is the bid for bonds. That tells you some traders are nervous. They are hedging around not just today but last week. That is why we had bond selloff last week. The yield curve steepen spirit we had stocks down. The nasdaq 100 down for the first time in five weeks. Todays trading action is a continuation of what we did have last week, and it is interesting. Another piece you and i were talking about last friday was t
Town halls. Who came out on top . I will ask. Also coming up, pfizer announcing it will hopefully be able to move forward with its vaccine next month as americans try to hold out hope. We have the very latest on the trials and how they impact the investing. Of course, its all about your bottom line. We will talk about that at the bottom of the hour. All that and so much more on making money. Charles all right, folks. The markets bolted out of the gate initially powered by higher than expected retail sales through september. Huge number, crushing wall street. In fact, overall, up 1. 9 . The street was looking for up. 7 . More than 300 more above the 0. 4 in consensus and the control group which goes into the gdp report, up 1. 4 . Department stores, they saw a huge rebound, clothing popped as well. Even the internet, its interesting, though, because it had a more pedestrian move. Meanwhile, restaurants, they picked up really nicely as Grocery Stores seemed to have plateaued. Auto sales w