We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix remains thats the way im looking at the world right now. Lets be clear, concession speech by either candidate
[laughter] guest i think we have so little perspective on this moment that it is quite impossible to say. I think the perception that many people in the United States and, of course, also around the world have that this is an extraordinary uni shall time is something that we are in a time out of time will be a curiosity in the future. People will look back and wonder about that very sense i think it is kind of an interesting phenomenon. I think that will be studied. Host when you think about today, do you compare it to any other period in history . Guest no, you know, as a historian, im interested in analogies. I think we have a cognitive tendency to enjoy analogies to find one thing to be like another, all the time, just in the same way, you know, im the kind of person that sees likenesses in family members. I look at a new baby and say oh that looks just like great grandma so and so. But at the same time, even as i say that, i recognize that a lot of that is my need for familiarity.
An antitrust lawsuit against google, characterizing its search and advertising business as a monopoly. Shares shrugging it off, up 2 well speak to a top analyst about what it could mean Going Forward for big tk and Tilman Fertitta is seeing bright spots in the country. Hell tell us where and why. Power lunch starts right now let me welcome you to power lunch as well take a look at some of the big names we are watching today. Netflix slightly higher ahead of its earning reports, that stock down about 4 . And no earnings boost to ibm, thats the biggest drag on the dow after reporting its Third Straight quarter of revenue declin declines and financials one of the best performing sectors thanks to regional banks, helping the rest of the group kelly. John, thank you we begin with the two big stories out of washington today. Elan has the story but first Kayla Tausche is tracking new developments on stimulus aid reporter today marks the end of the 48hour window that nancy pelosi set to reach
Another day of dragged on stimulus talks, john. Intel not a small factor in the trade. When i think of volatile tech stocks, i tend not to think about intel. Look that two year chart ups and downs. Its like an obstacle course, a tough mudder or something. Last quarter, it was about the supply side and intels manufacturing. This quarter the surprise was more around demand and the extent to which enterprise and government just isnt buying in the data center. Cloud picking up the slack that has an impact on margins. Of course, we have the pc stuff going on which is largely a tail wind they havent for a long time but theyre not buying them in the enterprise as we would expect people are not in the workplace. People are adjusting the way they work. That does have an impact on intel. A lot of balls in the air here this volatility predated, bob swan particularly on that manufacturing side but now hes got all of these other things to deal with as well investors looking for clarity around what
Restrictions begin to bite once again italians have been ignoring an overnight curfew choosing to vent their anger on the streets to move into the study as you can see italys rebelling this government has decided to suppress the italian people to starve them. From moscow to the world this is our International Pleasure to have your company my name is donald quarter and welcome to the program. Now with just 6 days till the u. S. President ial election unrest has entered a 2nd day in West Philadelphia protests have turned into riots and looting after a black man was shot dead by police right here you can see live pics of the protests that are going right on right now this man his name is Walter Wallace and he was 27 years old at the time of his death. Will become. Turned. Protests over the shooting escalated into riots several businesses and they ended up being vandalized burned and looted city police chief says a total of 91. 00 people have been arrested and according to the police the k