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Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumer...

The show. A oneday day holiday on monday. We have seen initial gains of 85 , but still a healthy debut. A big ipo in hong kong. Smic is picking up 3 despite reports earlier. Gaining and alibaba is also up, close to four points. Currencies it onto in terms of cnh. It is around the level that it was fixed at. Pound, between brussels and london, increasingly concerned. It is currently down. 4 . 39, 1. 7 . Yvonne how they are going to reopen is still the key question. More than 4 incline. A rallytin...

Fallout falling far beyond the economy. Is too early to get bullish on energy prices. Lets take a look at how markets are shaping up this tuesday. Take a look at asian stock futures. The japanese gdp is expect it to be revised of the second quarter. Futures moving higher. Chinese bought a water maker starts trading, kicking off another wave of ipos in. Sydney, as we go to overweight by j. P. Morgan. On u. S. Futures this morning, Goldman Peter oppenheimer betting that tech will continue to drive...

Tumlin will talk about this, but last week we did have a press event with supervisors peskin and preston announcing that we will be delaying our fare increases. Obviously when we were voting upon that fare increase, we could not have understood the magnitude of what was before us and not to mention we didnt really have a path forward in being able to fund the operations, so i want to thank you supervisors peskin and preston for working with us to come up with solutions which i cannot tell you wh...

That the hefed puts out, down severely. We will tell you the sectors suffering the most and no, it is not travel and leisure. As the Dow Jones Industrials fall to about 323 points, that percentage is a loss of about 1. 33 but look at the russell 2000 small and midcaps losing near double that amount. This selloff comes as the u. S. Sees the highest number of coronavirus deaths in a single day, 2405. At the same time, President Trump threatening to pull funding from the world health organization. ...

Brent crude hits its lowest price this century as the demand crash hits the Global Benchmark. An impromptu opecplus call reaffirms commitment to cuts but no action. Repeat,see brent, brent. The u. S. Senate passes new Pandemic Relief Funds totaling 500 billion. Treasury secretary Steve Mnuchin says it is likely to be the last roche sees a bump as they work on developing tests for covid19. We will speak with the ceo of roche at 8 00 a. M. U. K. Time, 9 00 a. M. On the continent. Just one hour awa...

Tweet me jimkraim he were worst day since the crash of 87, the dow at the lowest close in two years no s p plummeting 9. 8 , nasdaq 12. 32 , a truly sickening day with a horrendous last hour. Its finally dawning on people were in a real crisis here. Ive been telling you this pandemic could be real bad news for stocks, since i came back from the super bowl we were underestimating the coming outbreak send us into i want to say a recession, because i think that its pretty obvious that thats kind of...

Im most passionate about is making sure every family in this country has access to health care they can afford. Thats because i grew up in a family that did not have access to health care themselves for a lot of my childhood. It is probably no secret that i have been working really hard to make sure that we stabilize the Affordable Care act and work toward how do we Structure Health care to make sure that every american has access to it . Host how did you end up going from arkansas to minnesota ...

116th congress. We recently spoke with members representing the midwest region. First up, angie craig. A democrat representing minnesota second district. She is a former newspaper reporter and a Small Business investor. Rep. Craig i grew up in a mobile home court in arkansas. I have lived life at all extremes. I have lived life at all extremes. My mom was a single mom. Who raised three kids mostly on her own. We had lots of farms around us. My grandfather was a farm foreman appeared i grew up in...

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