Stay updated with breaking news from Curt wagner. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dismal jobs reports. Unemployment to soar to 20 . They broke the streak this as things actually calm down on the protest front. Walk us through the ups and downs. It was a volatile day. As to the move down breaking that fourday winning streak for nasdaq. Nd florida coronavirus numbers came out and higher than the sevenday average and the s p never recovering. Teches have it worse. Nasdaq 100 yesterday had flirted with a recordclosing high. Today, nasdaq had been above that level but not able to close so close. Stay at home weakness and the bioteches and seeing that rotation in the cyclicals. The big question is because these stocks are weighting for the averages, is there more pain especially after a big runup and stocks shouldnt be so high . Overextended conditions, quite frankly. Emily there is uncertainty and there are results withdrawing and slack is a company that we considered a pandemic winner because so many people are slacking as they work from home. And going public and spiki ....
A trillion Dollar Company again. There is your round number. Romaine real estate and consumer staples. Youre going to bet on that or on apple . Littleht, lets dive a deeper with our markets reporters. Abigail, what are you watching . Wacky you called it earlier. I would agree. This is slightly risk off. This is a quarterly chart. Yellow is gold, white treasury futures, and those are bonds, and then in purple, we are looking at emini futures, and the main diversions point when the fed lowered rates back on july 31, old shot higher, treasuries took off. That is pretty much in play. Old is higher. Treasuries higher, outperforming the nasdaq 100 gold is higher, treasuries higher, outperforming the nasdaq 100. The First Quarter of the year when you have divergence like that among risk assets, you really want to think about it, especially considering last september, saira, with the ....
Falling revenue numbers. And a waiting impeachment, why big tech in the United States could be hoping that president trumps political problem could be their gain. Ut first, to our top story, it is official, wework is pulling the plug on its ipo at least temporarily. New coc. E. O. s of the Office Space Company want to focus on its core business public which they still plan to do at some point in the future. Now wework has brought in cash, planning thousands of job cuts and putting some of its sale. Sses up for joining us to discuss we have ellen hewitt who covers the company. Ellen, this story has been the ing dramatically over past few weeks. What is the latest from this morning . Llen its official, the ipo is going to be put on hold, so they said this morning that it, re going to be pulling that confirms a lot of the reporting we had in the last week or two which is th ....
until the midterms. when true democracy goes away, people get hurt. and it s hard to recover. we have to walk away from politics as usual. it s a choice between two vastly different visions for america. with the economy and inflation top of mind for voters, president biden is also focusing on the u.s. workforce set to deliver remarks on that this afternoon. about the same time, we re expecting the fed s announcement of another interest rate hike going up three quarters of a percentage point for the fourth consecutive time. what their decision today means for your wallet. new details rounding the attack on speaker pelosi s husband, paul. the washington post and nbc news confirm a live camera feed was rolling on the pelosi home on the night of the attack and the post reports that while cameras captured the break-in, no one was watching the feed at the time. ahead, new questions about security. we are going to start with the president s remarks tonight on thr ....
The funeral. You always do the black. I have the same 25 suits i wear all the time. That way i dont have to think of what to wear. Its the jobs anyway. 25 shirts, 25 suits, 25 tie, every morning i say, i wonder which one im going to wear . Are they all adent cal . They are. I like to travel with plaque, it doesnt wrink him or you are cant see the wrinkments its a crisp look when you talk about money, you should wear a jacket andrew, hint hint loose, ill put the jacket back on. Respect the capitalist way. No question laying it on very early this morning. Lets give you a look at where stockmarkets futures are at this hour we had a positive close t. Major averages avoided a threeday losing streak. Can you see we are green arose for futures. The s p would open up shy one. T. Dow would open 31 points to the upside t. Nasdaq would open up about nine points. Of course, this follows some fairly positive trading overnight in acia. We saw better than expected retail sales in japan. We seen yen s ....