Shocking news, an outspoken founder leaving the company. And beta bearing down on the gulf coast as they brace for another storm. This is Worldwide Exchange right here on cnbc good morning, good afternoon and good evening thank you for joining us to start your week and lets get a check on your monday money and its looking like the sell off we have seen recently. Its early but stock futures are down 500 on the dow. Nearly 200 on the nasdaq theres a ton of news out there today. Well get to all of it in a moment but theres two big and important things happening that you have to Pay Attention to right now. Number one, the s p 500 has fallen three weeks in a rowand it just flows below its 50 Day Moving Average for the First Time Since april two, the biggest stocks are beginning to underperform. Some of them meaningfully. Take a look at these the s p 500 dropped 5 this month. But the biggest tech names, names that you know, theyre down 11, 12, 13 apple, down 19 in the month of september. Rem
Work on a curbside basis so he was hoping restrictions would be lifted even more. As long as we are practicing cleanliness and social distancing and just having less customers like they do at the grocery store, i think other stores and retail shop should be able to do the same. Reporter santa clare county officials had the opposite reaction saying the governor is veering too far away from public health. Its pretty disappointing because at this point, statewide theres really no evidence of flattening of the curve. Reporter county executive jeff smith says the states new business and retail guidelines will not be put into effect in Santa Clara County. Smith, who is also a medical doctor called the governors policy decentralized, confusing, and potentially dangerous. We already knew we were going to have another spike, this action just means the spike will come earlier and higher. Reporter after waiting in a long line to get into a target to buy groceries, one shopper says she agrees with
Ive been on the show. Sho such a beautiful start to the Holiday Weekend. Weeke when is the best time to i drive . Every day wes ve beeneb looking at traffic on the bay bridge. I was surprised by the backup. E a t of youybe a lot of youas would have left yesterday. Erd yeah. Well, maybe the weather weath held people off yesterday. Yest. It was storming last night andit it was such a humid day but asmt we take a live look outside ondo this saturday morning, morni gorgeous Crystal Clear bluerystr skies. Sk it is the epitome of a good g day. People are heading to theding beach right now. Now satellite and radar shows theana cold front that came throughha last night produced some of o those strong storms as sunk well off to our south. Our sth. Cooler drier air has moved in. I it was so humid yesterday butteb it feels much better. Ette temperatures are still mild in washington, 71 degrees toees start you off on a saturday sur but cooler north and west,es very comfortable in the low 60s. 64 g
Life. Mikhail gorbachev left office in 1991 recent survivor of an attempted hard line, communist qu, but victim nonetheless, of unstoppable change. The vast soviet empire had suddenly ceased to exist. Gorbachev left behind a moscow reduced in stature. The capital now of a newly independent russia. Of course, he was very, very disciplined in man because he was at his house. He had not only by the russian state of soviet state, but by the russians. I mean, he used to not for a popular hell be remembered more warmly abroad than at home. Go b as he came to be known, one the confidence of World Leaders by dismantling the structures of the cold war. He played a crucial role in the reunification of germany. Joining east with west as the berlin wall fell last last and perestroika formed the new, more attractive face of an old phone. He became secretary general at the time when the soviet economy was beginning to collapse. He realized that he had to make a very serious choice in open up to the