What we are get interesting the university of Michigan Sentiment survey. The headline number, way, way weaker than anticipated. That number coming in at 77. Thats down from 81. 8 last time around. When things are good well north of 100. The expectation was for 82. Current conditions, 85. 8. Thats actually ahead of expectations. But its the expectation number, the forwardlooking number here, that is really sharply lower. Coming through at 71. 3, alix, versus 79. 1 in terms of where the market, the economists had forecast that number. Down from 79. 2. A much more gloomy outlook for the u. S. Consumer from the u. S. Consumer. Alix no doubt. As covid cases are spiking everywhere here in the new york, it feels like we are headed for a School Shutdown as well. Get the read on what that means to the consirmse with ajay. Its always good to get your read. You have this more pessimistic expectation outlook from the consumer. Then you have rising covid cases and you have targeted regional shutdow
Caroline bloombergs economic model is seeing a doubledip downturn. There was much good news on the vaccine front, but joe, the euphoria has ended. Investors are trying to work out how they get through until spring when the vaccine is going to be more widespread. Joe weve had a powerful rally for the first couple days, but then you look at the action with the nasdaq surging and itrything else lagging, and does seem like the vaccine opposition is running head to head with reality, which is that right now the covid situation is bad. Hospitalizations, hitting a record. Ineurope, you see the surges germany, italy. At some point, it seems likely we are going to get a vaccine, but the current situation, not good. Romaine it is really the sustained trajectory of this latest wave that is most concerning. The one thing, if we are going to find some silver lining, his hospital seem to be more prepared this time around than where they were back in march and april. Joe absolutely. With more, tech r
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
Tv we hurl from the National World war two the merica animals of world war ii. She highlights the meals, dogs, patients who are integral part of this war effort. Thanks for joining us today. Im really happy to talk about low forces. And he burns and i coauthored this book published in 2019. We did it after exhibition of a larger topic of animals at war that we have in the museum. And for the book we actually decided to narrow the focus a little bit, just to talk about the u. S. Military in their use of animals but the war. I am going to talk but for meat animals today, and if we have some time i will try to get in a couple of other fund topics as well. We are going to talk about meals, dogs, pigeons, and horses. We will go to the first flight here and mules. Although they are often looked down upon because of the stubborn an object nature,s freeze government mule is one a lot of us are probably familiar with. They are indeed hardworking and widely used and military before world war ii,
You. Instead, new zealand, where Prime Minister jacinda entered won a victory. Ern bolivia. Lso discuss brexit . We not dig into the latest effort to restart trade negotiations as the government is hit by worsening pictures. Covid is something that all these companies are having to face. Brexit at the same time, this is a painful issue. Joe did i hear you right . Did you say brexit is still going on . I will be making that joke for years to come. It never gets old. Of course, the ramifications are not insignificant. This comes at a precarious time. You see here different possibilities for the trajectory of the economy. That white line is estimated gdp growth out several years in the event of a no deal brexit. The stakes are pretty high along with Everything Else going on to get some sort of trade agreement, exit deal with european union. Romaine there are sort of broader ramifications here. That is why, today, we are focusing a little bit broader about the issues going on around the gl