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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 crosse...

Of the character of our political system and its volatility. Scarcely more than one third of our chief executives, beginning in the 18th century, have been elected to a second term for one reason or another. Eight have died in office. Four have been assassination. Five have been elected without popular majorities. Three have been impeached, two of those in the lifetime of many people with us here today. Of all of those numbers, the one i want to of the size most, is the number one. By that i mean that the president is simply one of the 536 elected officials in washington, d. C. Strictly speaki...

Earnings which will include some hightech bellwether names later in the week. We have apple shares, they lost their opening pop despite top apple analysts saying first day iphone 12 preorders surpassed last years numbers for the iphone 11. That bodes well for the mini and pro max, who Iphone Models that have not taken preorders and ship four weeks from today a couple more big q4 products, the xbox series x and the Sony Playstation 5 will hit shelves verizon and at t this week morelikely with 5g comments Texas Instruments and intel all reporting. Mike santoli joins us now with more well get mor...

That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom l...

Which is some kind of a rudimentary indicator of the character of our political system and its volatility. Scarcely more than one third of our chief executives, beginning in the 18th century, have been elected to a second term for one reason or another. Eight have died in office. Four have been assassinated. Five have been elected without popular majorities. Three have been impeached, two of those in the lifetime of many people with us here today. Of all of those numbers, the one i want to emphasize the most is simply the number one. By that i mean that the president is simply one of the 536 e...