This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
We will begin, though, this morning with of course stocks, futures indicate an additional testing of that 3220 level on the s p. Were also talking about the possibility, however remote it might seem, of a relief package coming out of congress,given some conversation, jim, between secretary mnuchin and Speaker Pelosi do you think there is a chance i know that they both care passionately about Small Business if you look at the testimony yesterday by secretary mnuchin, he mentioned restaurants a couple of times. Thats where the yelp numbers that we get, yelp yikes is our vc, where the real damage s youre starting to talk about 50 of the bars and nightlife being closed in this country, thats way too big and i think that the secretary is really alluding to that david, do i think there will be a deal i think there is a sense that both sides feel a deal is bad for them, in other words, if they give if theres a stalemate, they will somehow do better at the election i dont think thats true, but
Thats still a threat a new stimulus plan high seed out still but maybe this is a buy on the dip day for big tech. The big five are off to a good start, you will see it all in a moment, plenty of green on the screen this morning, the debate joe biden says the president is not smart and he does not know much about Foreign Policy or domestic policy and he will come out swinging in the debate tomorrow night. The president wants biden to take a drug test before the debate and hes asking where is hunter biden, 36 hours ago, get separate tv ratings record, judge barrett facing harsh personal criticism, democrat activists are calling her a white colonizer for adapting to haitian children in senator feinsteins attack on her catholicism keeps popping up all over the place. Judge barrett starts makin meetg tomorrow and several refused to meet her including senator schumer, the hearings can begin in two weeks around october the 12th getting close, what a day and what a week, jobs day friday and Va
[narrator] finish your degree at snhu. Edu. It is 11 00 a. M. On wall street and squawk alley is live. Good morning, welcome to squawk alley. As we watch the markets have a nice bounce on this monday morning, the down up almost 500 points the s p holding on to 3335 banks and energy are part of the story. Banks, amazon up almost 50. Amazon in the news this morning because they set a date for prime day. That will be october 1314th, delayed because of the pandemic. That is setting up a unique one to thee. Now october actually has a lot of action. You have prime day, that is probably in september. Then you have singles day, then you have black friday. In the mix there you have console launching happening there. It is an interesting moment for investors to think about what that means, all of that retail momentum going into q 4 and how that might play out differently this year. That is right, john there is so many different shopping events for the year also something that i have looked as is
These days lets face it can happen to anyone because incidents like this are becoming common. Dont like that, happen last night, the confrontation again in louisville, demonstrators try to set the library on fire, a black cop shot in the stomach, 24 rest, urban violence is an election issue and polls show a sharp decline for antipolice demonstrations. Thats that, lets get back to money. After battling the threat of impeachment, Speaker Pelosi and the democrats are pushing a 2. 4 trigon dollar stimulus plan, and was 3 trillion and now its 2 trillion, now they come down, we dont know whether the treasury secretary will go up from his original trillion dollar, 1 trilliondollar plan. Not that much action in stock so far today, the stimulus plan news not really affected the market, the dow will be down 100 ands and p down a little bit but the nasdaq looks like a gain of 16 points at the state, not Much Movement but look at this, william hill, the reddish bookies getting to takeover bids and