Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
Kelly. The dow shedding 5 in lets get to bob for more on this sell off. Bob. I think the key here today is oils impact but its impacting things outside the oil market. Leets ta lets take a look at the sectors. The two biggest that are out there, tech and financials are the weakst ones. They will put pressure on the s p 500 because they are a big part of the overall market capitalization industrial is also weak. Energy is not among the big pressure points in the s p 500 today. I want to poipt out some of these big momentum names that have helped in the tech area in the last few days. Generally, weak today. Advance micro, starbucks these are momentum names that have done well recently and they are having problems today. The futures contract highly showed you that. Its remarkable to look at an 8 future track as 18. Thats an enormous spread were looking at here. Some of these Tanker Companies have having a tremendous day to the up side. Soc some of these Energy Futures just all over the pl
Talk about an apple a day. New reports the latest Iphone Models are selling better than they expected. Trade war hitting europe right where it hurts we are live from parma, italy with a look at one industry preparing for the worst. Ready to say cheese. It is friday, october 4. Worldwide exchange begins right now. Good morning. Happy friday welcome. Im in this morning for Brian Sullivan we start with breaking news out of hong kong where the chief executive carrie lam just wrapped up a press conference. Our own chery kang is live Going Forward with what some key people call a last resort banning face masks, invoking Emergency Powers giving them the power the make laws in emergency situations and goes ahead with those measures the Hong Kong Government highlighting or trying to minimize the reputational damage of this discussion take a listen. Hong kong is not in a state of emergency we are not proclaiming that hong kong is entering a state of emergency but we are indeed in an occasion of
Left 58 people dead and hundreds injured, an 800 million settlement has been reached. Weve got the inside details then to the brave bank teller who fought off an Armed Bank Robber and playoff baseball is in full swing weve got your highlights and the best of thursday night football its crazy in the middle of being investigated for asking Foreign Countries for asking Foreign Countries for election help thats like chugging a beer while taking a breathalizer test early today starts right now. Good to be with you on this friday morning im Frances Rivera and im phillip mena. Defiant and in the face of an impeachment inquiry, President Trump is adding fuel to his own political firestorm by publicly calling on china to launch an investigation into his political rival joe biden. The same action with ukraine is what set the houses inquiry into motion. When democrats seized on the moment, mr. Trump tripled down on twitter claiming he has the absolute right to investigate corruption and that incl
Highlights rebounding from covid19 and Silicon Valley bank which was under the regulation of the San Francisco Federal Reserve. This is just under an hour. Good morning im director of the hutchens center at brookings i want to welcome everybody and pleased to have mary daily, president of the Federal Reserve bank of San Francisco with us today and mayor daily an economist joined the San Francisco fed in 1996. And she worked on a number of issues labor market dynamics, inequality and throws to be director of research and became president in 2018. Now shes one of 12 reserve Bank President s. And except for new york, the other 11 are sort of considered the same. But mary daily has the distinction her district because we do the lines in 1913 represents fifth of the nations population but unfortunately for her they dont do population waiting when you vote on the f1c. Maybe they should. [laughter] so president i wanted to start by talking a little bit about how do you read the economy right