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Come to a deal. We will have more on that, but still a super solid bid. We will break down all of this for you coming up. Coming up we will be talking to richard horton, and also mike wirth, the chevron chairman on the latest takeover. Leaders reconvene in about one hour for stimulus negotiations in brussels. Here with more is michael mckee. There is so many details within this. I guess the bigger question is, is this actually good . Michael that depends on your definition of good and the timing. Timing is the issue with getting the deal. They have been negotiating for quite some time. Everybody is focused on these negotiation. They talked through the night recessing at 6 00 in the morning. They should be Getting Started any with the new idea on the table. The big fight is over how much of the package is going to be in grants and how much in loans and have conditions attached. The frugal for countries led by luxembourg and austri ....
Of the markets. We will break it down with tiffany mcgee. Plus an exclusive interview with the ceo of halliburton, jeff miller. With oil prices around 40. Guy lets talk about the data. The data was grim. Worse than anticipated. As gdp data was bad but not bad as anticipated. The real story for me today is the claims number. Higher and looking fairly sticky. Now. Mckee joining us point out the highlights. Ofwe basically had two sets numbers. One that told us where we were and one that told us we may be going back there again. When you look at the gdp numbers, the number the u. S. Uses is 32. 9 . The entire last for year, we would be down 2. 9 . 32. 9 . 10 quarter over quarter. That compares with germanys 10. 1 , the u. S. Is 1 10 of a percent better. It shows the u. S. Global economy is in a lot of trouble. Where did it go wrong . Personal consumption was down 34. 6 percent. This was an annualized number. ,usiness investment nonresidential, down 27 . In all across the board terms of gdp ....
That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically ....
Dow indicated up by about 200 points, s p up by about 20 and nasdaq up by about 59. The dow closed above 26,000. S p was actually up about two points ant the nasdaq up about 32 treasury yields about where weve been 10year around 0. 7 . This morning, it is at 0. 715 overnight, twitter adding a warning to a post by President Trump. The tweet is a video of two toddlers running down the side walk that had been altered that said racist baby probably a trump voter. Twitter tagging that as manipulated media with a link that the original was cnbc story about a friendship between two toddlers the continued battle between social media and some of the social Media Companies and President Trump. Facebook removing Trump Campaign ads that used a banned hate group symbol to ide ....