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And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its ....
Will be back he ignited a bit of a controversy and a heck of a lot of curiosity yesterday on this show when he said he is not using the 5 million he will ultimately get, he expects, from the government, to pay workers he will be back here to explain why hes doing that and why and how that is helping him, kelly, keep his business afloat yeah, looking forward to that, tyler, thanks. And were about to get a closer look at the economy. The Federal Reserve releasing its beige book report just this minute Steve Liesman digging through it for us bob pisani and Rick Santelli are standing by for instant action before we dig into that, lets dig into this selloff what are you seeing . Were down, kelly were well off of the lows and you can think andrew cuomo, once again, market mover we rose about 20 points off the lows as cuomo was ....
Recognized the importance of the Airline Business and our retaining Critical Service and keeping our team employed. Its extremely important and great news. Doug, you already said you plan to apply for a loan from the Treasury Department in the over 25 billion bucket thats been set aside for the Airline Industry beyond that, do you expect to have to borrow more in the months ahead from the private market in order to continue to fund the operations the way you want to have them funded thats unclear, phil. It depends so much on how demand recovers, when demand recovers and how quickly. What i know is this, we as an industry asked the federal government for 50 billion of assistance, thats what we got, 50 billion of the assistance. Thats what we believe we nee ....
Hour, jp morgan private banks and Asset Management ceo and cnbc contributor we begin with breaking news. Nearly 90 of the s p 500 is in correction territory what is called a move of 10 or lower from recent 52week highs. All the major averages look to push deeper. If these futures moves hold, the dow would be down by 620 points at this stage. The massive move of volatility we are currently just off our worse levels so far. Checking treasuries. The 10year note long bond currently near the 10year note yield 1. 91 . 30year treasury long bonds, 1. 69 . Twoyear note yells below 1 as well we are seeing red across the world as they enter their correction mode. Not a spec of green to be seen global Team Coverage this morning. Matt taylor in singapore and Steve Sedgwick in london matt, well begin with you in asia the route contin ....