It is monday october 5th, this is Worldwide Exchange right here on cnbc well, good morning, afternoon and good evening and welcome from where ever in the world you may be watching. Im Brian Sullivan i hope that youre having a good start to your week where ever you may be its a very light data and earnings week on wall street that wouldnt matter much anyway all the attention and focus of the Financial Markets remain firmly on President Trump and the first lady and their help as well thats the key question on wall street right now the help of the president. So that is where were going to have our focus and futures, they are higher by about 141 points the polls right now have swung wildly in joe bidens direction and agree or disagree with the validity of polls and their accuracy, investors see reduced chances of the possibility of a contested election which as we have shown you can send stocks sliding. Theres also more hope for another round of stimulus perhaps closer to the 2 trillion nu
China the stock set to add 100 points to the dow in todays session. There is a countdown to election day 41 days to go, former Vice President joe biden heading to North Carolina today, meanwhile President Trump also getting ready to announce his pick for Justice Ginsburg Supreme Court seat, democrats threatening for pack the court if it is filled before election day. Justice ginsburg will lie in her pose at the Supreme Court building and then on friday she will become the first women in history to lie in state at the u. S. Capitol building, also happening on capitol hill, dr. Fauci will testify before the senate at 10 00 a. M. Eastern and Jerome Powell will testify before the house select subcommittee on the pandemic. And the president expected to speak to veterans and their love and a coward. It is a live action show today and Varney Company starts right now. With your help, your devotion and your drive, we will keep on working, we are going to keep on fighting and we are going to kee
Lets take a look at other Asset Classes as well. The big news as we talked about, ftse russell adding chinese bonds to the global bond indices so we are watching chinese assets very closely and we are looking at, when it comes to evergrande, that is a stock that has been seeing a quick turnaround after the stock fell 5 . A looming cash crunch. Bond yields slightly higher here aday, and we are looking for dollar that is looking slightly weaker but steady. We are set to end the week stronger by the most since april for the greenback. The aussie seen quite a slide for the currency this week. We are seeing a bit of a lift in the renminbi on the ftse russell decision and the lira here. Turkey surprising with the rate hike yesterday, but the dollar weakening, a big story here today. First word news. Karina mitchell in new york. Karina good friday morning to you. The Trump Administration has been ordered to delay its ban on tiktok. The judge gave the administration until 2 32 agree. O a delay
Remote hearing requires everyones attention and most of all when not speaking mute your microphone and turn off video camera. Sfgovtv is streaming this live. Comments are opportunities to speak during the Public Comment period are available by calling 14156550001. And entering access code 146 717 8911. When we reach our item, press star, then 3 to be added to the queue. Each speaker will be allowed up to three minutes to speak. When you have 30 seconds remaining, youll hear a chime indicating your time is almost up. When your time is up, i will take the next person queued to speak. Best practices are to call from a quiet location. Speak clearly and slowly and please mute the volume on your television or computer. Commissioner koppel here. Commissioner moore here. Commissioner chan here. Commissioner diamond here. Commissioner fung here. Commissioner imperial here. At 1301, stockton street, conditional use authorization is proposed for october 8. Item 2, 2018, 2124, conditional use auth
Runs out and shares of Bed Bath Beyond are surging, the retailer reports comps of 6 , online sales soaring 89 , jim so earlier in the week, jim, and even last week you seem to be pessimistic about the prospect of a compromise coming together. Do you feel any different this morning . Look, i think the Airline Layoffs are looming large because with layoffs come a cut in roots, with a cut in roots is a pain point, but i think its the senate, we keep talking about mnuchin and we keep talking about speaker pelosi, but i think the senate is buying into the president s vshaped recovery and i think Mitch Mcconnell is buying into it which says why do we need more we have a v shape, its just Certain Industries that can be triaged. I know that the industries represent small and mediumsized business so im against that, but i would say in favor of the mcconnell position, at least if you are looking at the stock market, this set of earnings, now, that is not what they care about and i dont want to m