Futures, big corporates with news flow in particular sap. The guidance has been disappointing for that stock so were watching implications there. But a number of themes for investors as we look at the opening signals on the benchmark, investors eyeing the u. S. Trade and whether we get any progression on stimulus this week, counting down to the u. S. Election and we have tech earnings, thats a feature of the market where were seeing a kshape on markets alsotodriving the u. S. Stock market forward well eye the earnings to see if it justifies what weve seen since the start of the pandemic weve dropped more than 1. 1 , thats a big reversal from the. 6 gained on friday you can see from the amount of red on the market its fairly deep in the negative territory on the market. Oil and gas 2. 1 lower, this is reflecting the spot prices were witnessing as we talk about coronavirus cases, weve been assessing the impact on demand for oil you can see as we go through this process, a second wave of
Strong. The risk off fee here is tangible. The sap inp germany. What if you bought shares friday . Francine we understand that it could probably infect or touch the european stocks. We have the october german business confidence, 92. 7. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika House Speaker nancy pelosi says the chamber could pass the pandemic relief package this week. Still, a deal with the white house remains elusive, and the republican led senate may not act before the election. Both sides accuse each other of moving the goalpost on the legislation. President trumps chief of staff theymeadows is says will not control the pandemic, that the government response will be on vaccines and treatment, not containment. As president mike pences chief of staff and two other staff mirrors have tested positive. Staff members have tested positive. Amy Coney Barretts nomination to the two republicans are being accused of using political power before elec
Additions here amgen, honeywell and salesforce which report after the bell. 59 minutes left of trade welcome to the big show, david yep and head on todays show as well sara, were going to discuss the Economic Data points and what the outlook is Going Forward were going to have the council of economic advisors acting chairman his name is tyler goodspeed. Hell be our guest plus, well focus on todays strong housing dwrat with redfins ceo glenn kelman. And it may be late in earnings season there are still some big names reporting after the bell including sales force, nordstrom, Toll Brothers and more well bring you all the numbers, sara, as soon as they hit the tape before all that, lets get straight to the market the major arnlgs following another record high for the s p 500 yesterday. Mike santoli is tracking all of the moves for us good morning i should say that is the last time ill do that, mike good afternoon, mike. 3 00 p. M. Is the last time were going to call it morning appreciate
Have come on the show saying this was started by the you Recovery Fund, but also inflation is better than expected in europe today, and that growth figure not as bad as it could have been. It is clear that the markets are moving, but i think in general they are buoyed by the Massive Technology earnings that are seeng a lift overall, as we parts of the economy in terms of technology, deliveries, things like that, that are outstanding at the moment. Tom Stephen Engle with us moments ago, and he will join us in the hour, our lead hong kong reporter. This is carrie lam in hong kong, at a not unusual press conference. Stephen engle reports that we could get some announcements out of this rather extraordinary, particularly on the election as well. Are ratherhis that extraordinary, particularly on the election as well. We will get to the data check in a moment with bonds and Foreign Exchange on the move. With first word news, here is ritika gupta. Senate republicans want to go on record sayin
Euroyen shows you the dynamic away from the dollar, translated. It is all about the weaker dollar across the board when i look in yields, i really look at the inflationadjusted yield as a 0. 92. 2012. Reaches the jonathan 2 trillion and 99 days. A 2 trillion spread between democrats and republicans, and 99 days until the election. You have to believe the president steps forward and says it needs to be bigger. Tom no question about it. The president just reads the riot act to his republicans about losing the house, losing the senate, losing the presidency, and getting out. I dont think it is 1. 5 trillion where we are heading with mr. Trump. What i would focus on in a week of Technology Earnings is that equities are so resilient here compared to what else you and i see on the bloomberg terminal. Jonathan a massive week ahead. Lets get to the morning brief. A fed decision coming up later this week. Tech earnings in the mix. Latere get u. S. Gdp data in the week. Heres the price action to