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Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin on this election day markets are continuing the rally we got on monday were close to session highs right now. Dow is up 665. Best day since june 5th for the dow and s p 500. Best breadth since april 8th nasdaq and s p 500 erased their october loss, jon, as were seeing things like yields go higher as well and the dollar weaken which is another sign that some of the imbedding on emerging markets going out of this election. Yeah, carl. Looking at tech overall and particularly big tech, its interesting the gap between microsoft and amazon lagging behind apple, thats narrowing a bit. Remember, you had apple above 2 trillion in market cap and around 1. 5 trillion now thats come down apple is below 2 trillion those two are still around 1. 5 alphabet lagging all of those year to dat ....
Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of suppl ....
Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, ....
Our the morning lamar deanne here at the civic a state beach this morning are not a lot of people out here because its a little lightning rainy on here this morning. But hey a lot of people like you mentioned, ive been enjoying beaches during this time and now to find out that the governor is going to close down those beaches. Not too many happy people this morning but i want to show you guys actually some video from a state park. This is actually from Southern California beaches. You might remember they close down those beach parking lot. But that is not people from going the catalyst for nice of decision is large crowds gathering over the weekend and inter an orange county. Now its reported that nearly 800,000 people were out in Newport Beach over the weekend not a lot of people. Governor newsome saying that those large crowds for example on what we should not be done. ....
People out here and its not even as warm as it has been over the weekend will you seen all of these people coming out you can see people walking their dogs down there people taking strolls on the beach. So the catalyst for news of the decision if youre wondering were going to show you what those large crowds looked like over the weekend in ventura and orange county. Its actually reported the nearly 800,000 people. Were at a Newport Beach over the weekend you can see them with their surfboards out there gathering. Now also the role is if you live within 5 miles of beach thats the beach that he could vote who they were trying to keep you away from beaches outside of that Governor Newsome sane the large crowds were an example of what we should not be doing. About a 100 beaches and sort of easily defined 100 beaches. And there were 5 where we had some. The ticker johns overwhelmi ....