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 Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
Well, my view is that were coming into this election and were expecting uncertainty. Youre seeing Institutional Investors hedge against a longer period of volatility following this election. Theres clearly an expectation that perhaps tomorrow night we will not have a decision on who is going to be the president of the United States. With that being said, i think, you know, if you look at positioning into the next six to eight weeks, i think its going to be consistent with what were expecting for next year, which is an improvement in economic growth, perhaps an end or an improvement to the covid19 situation and likely stimulus from either the republicans or the democrats. It will look different depending on whos sitting in the white house and if we get a Democratic Senate but for the most part i think that investors are anticipating some stimulus coming out of this the next two to three weeks could be very choppy if we tonight hadon have that decision but i think investors are instituti
Philanthropist. Also save the giant panda at the zoo and also bringing the magna carta to the archives. So how do you do it all . What about your leadership . I feel i was as good of a leader as the people i interviewed so i talk about what i try to do as a leader to recognize i went out to interview the most famous that i knew who were leaders in business or culture and the book is a summary of what they told me it takes to be a leader. You feel any particular qualities of leadership from these people . So tell me what you found to be the most important quality or the connected thread . Assistance is number one because nobody wakes up and can get anything done that they want nobody has ideas that are sold brilliant when jeff basil so i will sell books on the internet people laugh also communicate with other people and learn on teach them so they can work with you and also its important to be humble with the humility that gets further than arrogance but in the end those that are they w
4 trillion in debt. Going into debt, an additional million in an hour and a half. Its not the republicans fault, of course, and its not the democrats fault, and what im looking for is who did it. Now, theyre the two folks involved, so maybe if you put them together, they did it. The facts are, we have to fix it. Somewhere out there there is an extraterrestrial doing this to us, i guess. Everybody said they will take responsibility. Someone somewhere has to take responsibility for this. That was independent candidate ross perot during three separate debates in 1992 talking about one of his favorite issues, the u. S. Debt. In that election the texas businessman won 90 of the popular vote, the largest vote for an independent candidate sin since. Good night and thank you for being with us. Were doing this series as a way of looking at American History through the lens of president ial candidates who failed in the white house but had an influence on American History. Ross perot is one of 12
Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m