Jim Osullivan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking...

Down days for the markets. Right now s p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterdays declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and well talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. If you are looking at the treasury mark...

R justately ben laidle calls it a q4 melt up to come. Jonathan pointing out that the u. S. Election volatility could fade. The data might continue to improve. The market might grind higher. But the numbers we are seeing from some of the big employers around the world are not pretty. Tom terrible. I am so glad you bring this up. Horrific, but once again, you separate stock market activity from the social cost we are seeing right now. Jonathan 90 minutes away from claims data, lisa. Lisa we will be finding out a backward look at the latest claims. I say backward look even though is a weekly init...

Jim isto ms. Joint joining us now. This is the question of the moment. Is the momentum lost or is the economy going backwards . Jim you can almost go statebystate and tell me what the case counted as and i can tell you how much economic momentum they have lost. The biggest Economic Indicator is rising covid cases. Once that peaks nationally and thets down, we can see acceleration again. But all of these rising case numbers are spooking the consumer. And the consumer is taking this on their own, they are not waiting for their governor to shut down or rollback. When they see their area increasin...

Weve been in a 45 basis point range since yesterday, at 1. 90 now on the 10 year. In the final session, and some strength for the at 1. 3213 now. Its been a year of geopolitical volatility, and that is not changing on the final trading day. Lets turn to the turmoil in the middle east. Dozens of iraqi lsu men and supporters storming the u. S. Embassy complex in baghdad, venting their rage over deadly u. S. Airstrikes on a rainy and backed forces. On iranian backed forces. Joining us with more is kevin cirilli. It doesnt look like this is something that is going to go away very fast. What is the...