Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Commodities as well, as stimulus negotiations have gone nowhere, and the outcome of next tuesdays election still unclear. The dow having its worst day in more than four months. At its lows, a loss of 965 points. We are still down 750. We have the s p down 74, the nasdaq bleeding about 225 points. Wait until we show you the dow jones transports as well. Its not a pretty picture. We have our Market Mavens on high alert. We are filling the show with top voices and names to help you make it through this hour. Ceos are also on high alert as well. The ceo of the toy giant that makes those uberpopular lol dolls is here on what hes seeing with early Holiday Spending, but also, whats behind his 11th hour decision to change his vote from joe biden to donald trump . Mga entertainments isaiah larian explains the one thing behind it in a fox business exclusive. The hard numbers are in. The wall street journal has done some serious groundwork and now says the Trump Trade War with china and europe hu
U. K. Sounds a note of optimism. Make my day. Tough words from saudi arabias oil minister. Whoever gambles on this market will be quote ouching like hell. The under an hour away from start of cash Equities Trading in europe. Lets look what we have. Futures not all that convinced in any direction. Weakness in markets yesterday and equity markets, and nasdaq. Ar in u. S. Futures flat and mixed. We do see nasdaq futures heading to the upside. Because ofnificant the selling we have seen. Concerns about concentration and previous gains in the tech sector. We are digesting what we have heard from the fed. In assessments of weaknesses the u. S. Economy. The fiscal boost that will be needed. Lots of questions over the fiscal side of things. Modest gains coming through in asia. Asian stocks of around 0. 4 . The south korean market up a fraction of a percent. Elsewhere, fairly flat markets. Won up to anean eight month high. Dollar weakness part of the story. Keep an eye in oil prices. We mention
A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Getting a little tiny speedbump as we headed to the final hours of trade, we are seeing a tiny bit of profittaking, nasdaq down 18 points but this is after the index with names to an alltime intraday high, maybe charles will be right if they get back up there. The dow and s p 500 continuing to trail along for global stimulus efforts, the dow at 281 but with a few days left on the clock, topper Administration Players are running a full court press in the halls of congress to follow in the footsteps of the European Union which reached in a historic covid stimulus to overnight. As we say on the countdown theres always trades to be made. The top stimulus stocks the floor show says can juice up your portfolio. Top redhanded, just hours ago the Justice Department making official, two Young Chinese hackers now formally accused of covid espionage. Attempting to steal research from the u. S. Biotech that are trying to rush to develop a vaccine. We have a fox business exclusive with the ceo biot