the nasdaq, up 58. all three of these indexes were down double to triple digits earlier. >>> right now, the nasdaq has been on fire. now, since the march lows, it's been the winner, right? the home of apple, facebook, microsoft and so many of the tech blue chips is a stock that is up. nasdaq ceo is here to tell us where she sees big tech and all the other sectors in the nasdaq heading in the near future. and what might happen after the november 3rd election. >>> plus the zillow cofounder is not house hunting, he's company hunting. he's here to tell us what he's looking for for his blank check company, his spac called super nova which just blasted off. >>> self-driving cars, speaking of blasting off, roaring into the future and the present, hitting the streets of san francisco without a backup driver for the first time. gm's cruz ceo here with how it's going and should he convince you guys to get in one of these things? >>> let us get theo a fox busins alert. strong demand for tech stocks during the pand

nasdaq futures down more than 2% .s friday morning looking like it is going to be another risk off. this is bloomberg. ♪ annmarie: we are seeing markets selloff this morning. s&p 500 futures and nasdaq 100 futures down more than 2% this morning. it is not shaping up to be anything brighter in europe. from thernings out largest cement maker, lafargeholcim. joining me is gone in such -- ensich, ceo of lafargeholcim. we are seeing cities go into lockdown, but you are actually seeing a resilient construction space. jan: yes, we have seen an excellent quarter. this is based on very resilient demand from our customers. in emerging markets, we are ahead of last year in demand, based on all the branded products we sell through distribution. and we have very strong demand for residential, building, and -- annmarie: where is the recovery happening? is this out of asia, or are you seeing it around the globe? : our volumes are up from india, to china, two a lot of markets in europe and africa. also, in europe, we have demand on la

the major outperformer again was that nasdaq, surging more than 2.5% for its best day since septemberyou can see there just over the last two days here, a massive move higher, 2.5% gains there to close out yesterday. leading the charge, apple. the biggest company in the s&p soaring more than 6% on the day for its best single session since july 31 when the stock closed up 10.5% after a blowout earnings report. all of this is happening ahead of apple's big product launch 1:00 p.m. eastern time today a slew of 5g capable iphones are likely among other you new technology to be released. and outside of technology, keeping an eye on the small caps, continuing to tick higher after a 4% gain last week, that was its second week in a row with a gain of more than 4%. and according to instinstanet, y the fourth time over the last 30 years. small caps have been possibly a barometer of what could happen in the future. around the world though, a mixed session overnight in asia, hong kong suspending trading there due to a typhoon warning and european trade, mostly red arrows and let's go to geoff cut

take a look at the nasdaq intraday. why the nasdaq? well, it is taking a far bigger percentage hit than the dow, than the s&p, the russell or the dow transports. we are down 336 points. now down three full percentage points, whereas the dow, s&p anywhere from down about 2%, got to keep your eye on these things because they are a moving target at the moment. but the nasdaq as we said, down about 3%. dow down 1.6%. yeah, you can see the stretch there. there's a pretty big gap. the covid phase two hitting with a vengeance as cases spike globally. add to that the lack of the stimulus package ahead of the election and of course, the tech sector. specifically mega-techs. they have been what's carried many of your portfolios to recent record highs and now they are getting slammed this week. look at names like apple. we can also talk about twitter. apple down 6% this week alone. twitter down 18%. flip it over to amazon, google and facebook. it's not a pretty picture here, folks. you can see that facebook is down 8.7% for the week. amazon losin

the nasdaq futures well over 12,000, up 48 points already. that is because of the excitement over apple, along with trading positions out there. the gamma trade, the whale trade, the rest of the stuff as well. on the data front, i'm going to call it a fairly quiet day with yields coming in. the 10 year yield, -.98, almost rounded up. -.99.ve nine that -- i don't know what to do with one -- 1.0 30 61. francine: european stocks edging lower. i think a lot of it will depend on the bidding period for earnings, but there was a potential setback for progress toward the coronavirus vaccine because of a johnson johnson announced. haven't really looked at hurricane delta and its length all that much, but oil swinging again to a gain. that is the latest with the price of oil. 42.21 as well.e i want to talk about apple with the news flow. we don't have that much tech talk with the news across surveillance, particularly with the election flow. but this is not a normal meeting. apple had a september event. they have this event, that event, huge surge in t

futures andny nasdaq many features a little softer -- mini futures and nasdaq mini futures a little softers bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) ♪ annmarie: good morning from bloomberg's european headquarters. i am annmarie hordern. this is "bloomberg daybreak: europe." here's what you need to know today. divide and conquer. u.k. prime minister boris johnson hopes to stamp out the virus region by region with new lockdown measures, but his top medic says the plans will not do enough. tech rally roars back. the nasdaq has hit its best day since april, but futures are softer as johnson & johnson halt its coronavirus vaccine trial. there are th

some oddities in the market, but the major theme is nasdaq up, the nasdaq 100, not the composite. spx up 16 points. that is a nice big move, .4%. 12,140.creen, that is a quote we usually don't give. that is the nasdaq 100, and that is with the pros are watching right now, lit up by technology. you will hear me talking about that a lot more. turkish lira, another ugly day, out to 7.95. we are on the eight-lire to the dollar watch. francine: going back to the british pound, will it did erase losses, saying the u.k. has signaled it will not walk away from e.u. trade talks immediately. why this is important, there is that december 31 deadline, which she rightly said was the big one, but then there was the self-imposed u.k. deadline for tomorrow, october 15, where they said if there was not of progress by then, they would walk away. this goes against what they initially decided. and what i'm hearing from insiders is that we think there is a call between boris johnson and the commission president today. boris johnson now taking this and hand himself to try and push away from -- try to p

the s&p off by 37 and nasdaq 187.ake a look at some of the s&p laggards all of the tech earnings pretty much in focus. firstenergy, devon energy and mgm also in that category. >>> and the impetus for health screening that is accepted across international borders will be key to the recovery for the travel industry. but debate is emerging between the cdc and industry professionals on whether passengers who test negative before an international flight should still quarantine upon their arrival. common pass is an app in trials with the airlines where passengers take a covid test before getting on their flight and the data is stored in a qr code it is part of an he was packeff create consistency and standards in global travel joining me is paul meyer, part of the nonprofit heading up the app. please take us through what exactly the ecosystem will look lik you get tested, how many people will accept the results and will it make travel more freely >> that is certainly the goal. we want to make travel easy and safe so we buil

the nasdaq down about 50 points.he final snapshot of what happening in -- of what is happening in the market. this morning, a clear stand is the japanese dollar-yen, holding onto a 104 handle, 104.32. euro-dollar come around the time that governor holtzman told bloomberg's maria tadeo here was not for an interest rate cut. 11 minutes into the session, a fifth day of losses on the cards for the euro stoxx 50. this is bloomberg. ♪ this is bloomberg. ♪ ms. lagarde: incoming information that the euro area economic recovery is losing momentum more rapidly than expected, activity in the services sector has been flowing visibly. consumers are cautious in the light of the pandemic, the impact of the second wave on banks is going to depend on this, but let me tell you , the europeane central bank, and the whole european system, will be extremely attentive. we are not going to just stand still. we are going to use all the instruments that we have come up with the entire flexibility that we have, and i am clearly here p, more t

nasdaq futures as well. immediate market impact. looking at this is dani burger. >> we are looking at equities. also some of the nettles. -- metals. havens popping up. it is the headlines, everyone looking at the market watchers. trump says he and melania trump for both tested positive covid-19. we do know the position of president trump -- the physician of president trump has confirmed they have contracted coronavirus. the president since both of them are doing well. presumably, they are in the white house continuing their quarantine. according to people familiar, that first the aide tested positive was experiencing symptoms. no word on whether president trump and the first lady are permitted latest, the white house saying both of them are doing well and they are currently in the white house. claxton dani burger, thank you. we are going to dig deeper into the market impact. juliette saly joins us from singapore. brent trading under $40 per barrel. both contracts down 2%. 1900 it is back above announced. the market looking for haven

it's a big autumn so far the nasdaq and nasdaq 100 coming off the fourth straight winning week both now up around 4% since the beginning of october small caps, they continue to shine. the russell 2000 up more than 8% on optimism for more stimulus as well as hope for a domestic economy rebound. check this stat of the day out in the s&p 500, 60 stocks are up more than 10% this month the best of the best is tapestry, tpr, the old coach retailer on the more macro front, another huge day for speakers from the federal reserve. chairman jerome powell will make remarks along with three other fed speakers actually five other -- six fed speakers today if that was not enough, a lot of news making events coming up this week including today you have the opec meeting and the nahb housing index, major retail sales data out tuesday, and the fda vaccine panel will meet thursday those are the three big things happening this week. meantime around the world, a mixed picture in asian trading overnight, even as china posts surprisingly big economic numbers. we'll get more on that in a moment europe is gettin

stocks and nasdaq 100 futures. had a big short position maybe that is all being squeezed out. >> we'll hear the latest on the stimulus talks in a moment do you think if we get a deal it leads to a bigger jump higher for the market than if we don't get a deal in terms of a fall for the market >> i think that's probably correct. if we're talking about, you know, on the upper end of the size, raily i really do think i going to matter which stocks perform better than the aggregate market cap of the u.s. stock market just because we do have this give and take in there where we have a slow growth environment. people are happy to own growth stocks as long as yields are maintained i think the premise to your question, i would agree with, wilf we haven't really baked into the market at these levels incremental short term fiscal stimulus >> mike santoli, see you in just a moment let's talk about the need for that stimulus. some signs today that what we've seen already in terms of relief could be wearing off jobless claims co

the weighting into the nasdaq 100 makeups 13% of that index. when apple is not doing well, it is fair to say the nasdaq is not doing well either. tom: we are going to see how that works out. there's been a lot of sell side reaffirming. is 1700e line geometric and it is rebalanced daily. is flat over the last five years. that is the partition of the stock market. iveshan: on big tech, dan joining us shortly, wedbush securities analyst. from new york and london this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market slowly recovering, with the emphasis on slowly, after a brutal week for the equity market longs. this is bloomberg. . with the first word news, i'm ritika gupta. house speaker nancy pelosi and treasury secretary steven mnuchin playing the blame game. each blames the other for the lack of coronavirus relief l. mnuchin accused pelosi of holding up a bill by refusing to offer compromises. policy says the white house -- says thee -- pelosi white house isn't responding to a number of sugg

the nasdaq opening up 3.5 points -- the nasdaq up now about 2 points the s&p 500 looking to open downtwo big stories this hour. mortgage applications hitting the wires. diana olick is going to bring us those numbers and an outlook on housing. we begin with ylan mui ylan >> reporter: deep in negotiations over another round of relief with the treasury secretary and house speaker nancy pelosi scheduled to talk on the phone once again this afternoon. now the administration has under the offer to $1.88 trillion. on cnbc yesterday mark meadows said they're willing to add more money for small businesses, for manufacturing tax credits and they're willing to send out big checks but he conceded trying to win over democrats could turn off his own party. >> i can tell you it probably will divide the republican conference you have some senators who really believe that we've done enough for the economy and want zero you have some that believe at the 1.88 number that we're at that certainly we have been more than generous on a variety of issues and they support that number and then you have a number

and the nasdaq up almost 3%.back. ♪ ♪ ♪ ♪ "hmm's and ahh's" heard in-call. ♪ [sniffing] is the salmon wild-caught? she only eats wild caught. [cash register beeps] uh, i need a price check on honey. don't get mad. get e*trade and get more than just trading. investing. banking. guidance. >>> the market zone is sponsored by e trade trade commission-free today with no account minimums. >>> 13 minutes to go in the trading day. we are now in the closing bell market zone. commercial-free coverage of all the action going into close. mike santoli is here and today anastasia am rowso back as well we will kick it off with the broader markets. stocks rallying for the fourth straight day s&p 500 and nasdaq on track for their best performance now since early september. anastasia we are coming off up on the best day for the s&p in three months with not much news. what do you talk the strength up to particularly with apple up 6% and all the other f.a.n.g.s up as well. >> i think that's what the markets are focused on today, the

the nasdaq up 90. we will see how that opens up. en, what i think is absolutely fascinating here is the wall of worry. laidler of tower hudson has been great. nobody loves this market. from minneapolis, do you see the same thing? nobody loves this market? jim: i do. i think this whole crisis has been one of the most emotional we have ever had. it has really helped the market. it has kept $4.5 trillion on the sidelines in money market mutual funds, as people keep flying into the bond market, even though the yields are ridiculously low, which means there's a lot of dry powder on the sidelines if we can ever build some optimism here in the future. we talked about the provisions of the banking industry. i was looking at that yesterday on bloomberg, and total provisions for loan losses are as high right now as they were in the entirety of the 2009 crisis. there's a lot of nightmarish scenarios booked into things, and if it turns out that the reality is a little better than your nightmare, i think there's a lot of revision that has to go

have been read all day but way off of session lows for all three of the markets, nasdaq, the biggest loss is tech stock which is the profit stock of the year, they beginning the most hits and we will get into that later on in the show. we will also talk to former white house medical director doctor william laying he cared for george w. bush and bill clinton, he will tell us how the white house will handle the medical shocker going forward, all of this, a backdrop to the jobs report before the election, the last one we will get before november 3, the economic recovery workforce is slowing down and we will talk about it with the top economist mohammed of ali on who is hear from a deep dive on the september jobs report, we continue our weeklong look of innovation with intel ceo bob swan, the chipmaker state-of-the-art production plant in arizona is underway. a lot is staying with us, yet to stay with the show a lot going on, breaking news let's start with this, president trump campaign team announcing major changes to his event schedule and his diagnosis of covid-19, some events will be

they took a look at the nasdaq in 2020 and this one ran democrrandom but interesting.days accounted for nearly 21% of the gain so far in other words, 64% of the nasdaq's gains have all come on mondays. so if you think about selling stocks or not owning stocks into the weekend, you will cost yourself about 64% of your net returns this year. doesn't say why that is the case but mondays have been the money maker for the markets. we're doing the rbi by the way that one today we don't normally do it on friday, but still bespoke noting that mondays are key to the markets and your money i guess there is a reason to like mondays back to the markets and the election and your money. november will surely be a big month for health care policy with the election looming and the supreme court health care act vote on november 10th. but despite the likely turmoil, there is still money to be made. and joining us now, principal at ag health advisers anna, well welcome i don't think there is any segment of the market or the economy that could be more in play given what happens on november

check it, we have the nasdaq at its lows down 327 points, and the nasdaq quick check here.190. so yes, tom hayes is exactly correct. we're coming off off the low. some fears coming out of the market. we're seeing volatility index begin to lower on a day where the truth is we're seeing yet another crest in coronavirus cases. [closing bell rings] much more to be heard from and said, "after the bell" is next. thanks for joining "claman countdown." i will see you tomorrow. connell: lockdown fears slamming into wall street on this monday. stocks are plunging throughout the day. virus cases rising around the country. also spiking in europe. i'm connell mcshane. welcome to "after the bell." we check in on the numbers, with the dow, first of all down more than 950 points at the low of the day. we have comb well off the lows. about 300 points off the low. closing down by 650 points. there is a lot going on here. election uncertainty, not just the presidential race and some of the senate races and lack of stimulus action out of

the nasdaq's up around 150 points.y is the ongoing discussion on a stimulus plan. this one's worth, what, about $1.6 trillion. money to state and local governments, $400 a week unemployment pay, big dollars fo

. ♪ >>> invesco launching a junior version of the nasdaq 100 etf.will be qqqj bob pisani joins us with the head of the etf bob hoffman. >> julia, success begets success. the nasdaq 100 etf, the qqqs has become a monster etf trader. the fifth largest etf out there. consistently very high volume every day used regularly by the momentum and growth people john hoffman joining us now. i know tech and growth is hot now. what prompted the move to do this this is the nasdaq 101-200 this has been a big success. this looks like the 101, the junior varsity qqqs. why now? >> yeah, bob the j is for junior. and, look, innovation has never been so important. it couldn't be more front and center you know, during a pandemic when we all had to experience and create and build during this period look, innovation drives growth and that is persistence. and the qqq as you talk about, bob, has delivered growth for 21 consecutive years. we're expanding on that now. providing investors more ways to simplify the investment and growth and innovation. that's what this is all ab

so what is going on with the nasdaq?hristopher: again, you have seen some of the uber caps really perform month to date. you have really potentially positive news coming out, whether it is apple or amazon. the other thing is you still have a fair amount of retail money in the market, and those are names that are fairly well known and well loved by the refill names. let's not forget, yesterday was a holiday, so people may have had a little more time to trade. jonathan: are you saying that the bond guys were away so the equity traders had a little play? [laughter] christopher: i wouldn't say it like that. jonathan: are you trying to say the adults were out of the room for a little bit? is that what you are implying, chris? i am just trying to understand where you were going with that line. christopher: maybe a little, possibly. i was talking to some friends, and i was asking what they were doing. people did have a little bit more time to mess around and maybe push things around a little bit. jonathan: let's talk about mess

the nasdaq up 8. and the s&p 500 up 10 despite intel down about 6%.tock to keep an eye on as we approach another day of earnings for the market. that does it for us on "worldwide exchange. "squawk box" is next >>> good morning the final debate of this cycle obviously. president trump and joe biden squared off last night from reopening the economy to taxes, to many other subjects, we'll bring you the highlights the fight against covid, gilead shares rising after fda officially approved remdesivir for the use of treating the virus. and intel shares dropping after one part of its business is hurt it is friday, oblgt ctober 1223 "squawk box" begins right now. ♪ go big or go home, go big or go home ♪ >> ghc good morning welcome to friday. i'm becky quick, along with joe kernen and andrew ross sorkin. let's take a look at what is happening. we're seeing green arrows that come after gains for the markets yesterday. yesterday in both the dow and s&p up by about half a percent the nasdaq up by a little less than half of that. this morning the dow futures up ab

>> the nasdaq is somewhat evenly mixed.t is more than two to one dechinaing volume yesterday was about a 90% downside volume day. that's often a washout number. if you get those in clusters, often it means a bit of a negative trend change. definitely the average stock underperforming the indexes at the moment we talked earlier about the shut down digital names working better, look at the enter stock etf, dow jones internet fdn this week outperforming, deskcally flat avoiding the losses the bank etf eye tin year rising most of october is now down 5.5% and the volatility index is back up this the low 30s area it is trading rich compared to what the market itself is doing. it seems as if all the bets are about a decline in volatility but not until after the election right now it is not really giving kind of a clear wink to the market to say okay try a big rally attempt here today sara sara >> as we head into the close, the dow is down 200. it has beens being weighed down by the likes of boeing that stock in the two days of tra

we have the s&p down 94, the nasdaq down 332. look, now we see october's gains wiped out for those two indices and oil getting crushed in the aftermarket session, down 5.25%. we are now at $37.51 a barrel. this is not helping, either. >>> three tech giants, facebook, twitter, alphabet google, adding to the nasdaq's woes. their shares hammered as their ceos faced congressional scrutiny from both sides of the aisle during a very contentious hearing on capitol hill. we are about to show you the key moments and then our tech panel, top guys in the industry, will translate what it might mean for the stocks. >>> will the renewed lockdowns invite a supply chain grinch to your home this holiday season? mattel's ceo is here live on the jedi tricks he's pulling now to ensure your baby yoda, your barbies and the rest of the mattel toy gang make it under the christmas tree. >>> we've got a fox business alert right now, as bad news swarms the markets ahead of the election. the s&p right now is on pace for its worst week before a presidential

nasdaq futures up 61 points.ow yesterday though coming off its best day since mid-july, a 500 point gain s&p and nasdaq also coming off more than 1% gains but this week, it is the transports that aare outperforming and hitting all-time record high in technology, 95 the nasdaq 100 rose yesterday on hopes for more stimulus two stocks to watch this morning, eli lilly and regeneron, both big winners on coronavirus treatment hopes. much more on that with meg tirrell coming up. and also, watch shares of tesla. new street research in-grading the stock to a buy with a $578 bryce target saying that there is a decade of what it calls hyper growth ahead of tesla. this call makes the firm the second highest price target on the street tesla, new call, new price target, from street research all right. from wall street now to washington where lawmakers are once again trying to hammer out a series of smaller stimulus package designed to target specific sectors of the american economy. the president voiced his support of those ty

nasdaq up tiny fraction. six points. that is .06%.ially after apple and amazon, prime day starts for amazon and apple in a few short hours they will unveil their new line of iphones. reporting today, earlier this morning citi, jpmorgan, delta, johnson & johnson overall these were pretty good earnings reports as we start the earnings season. as for politics, that is what it is. starting on capitol hill, day two of the confirmation process for judge barrett. she has to answer questions today from the judiciary committee. if there are any headlines, i promise you will get them. and now this. >>> the democrats have concluded that judge barrett will become justice barrett. that she will fill justice ginsburg's seat on the supreme court. they have also concluded attacking a mother of seven for her morals or her intellect will not go down well. so what do they do? they turn the hearings into an election platform. health care took center stage. by doing that, they showed what they really want from the supreme court justice. they want a politi

nasdaq is up nearly 100.to jump all over the president when he responded to a question about white white supremacist. in the past he has been very clear to condemn white supremacists watch this. president trump: racism is evil, those who cause violence in its names are criminals and thugs. including kk, neo-nazis, white supremacists other hate groups repugnant everything we hold dear as americans. i'm not talking about neo-nazis and white national its. they should be condemned totally. i don't know who the proud boys are, they have to stand down, let law enforcement do their work. stuart: that is pretty clear to be honest. how about paris dennard, black voices for trump, that is his organization. that is who he is with, he is with us now. paris what is the reaction, when you watch the debate, president said proud boys, stand back, stand by, what did you think right then? >> who are, first of all who are the proud boys? never heard of them. i don't know what they do. i know what antifa, i see them destroy blac

it's up by 23 points s&p is up and the nasdaq up by 122. this is coming after a strong week for the markets up by about 3% just for the last week nasdaq was up for the week too it was up by 1.something percent but you were talking about the dow being in positive territory for the first time since september 2nd. stocks in china reopened after a week long public holiday they both jumped by more than 2% the shanghai composite was up by 2.6% let's take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and there's a bit of a mixed picture. it's actually a little bit higher ftse 100 is right around the flat line, andrew. >> hey, becky. we've got so much going on this morning. we've got -- this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. now running two days, starting at midnight tonight eastern time so watch out for that. i've already scheduled it and then apple holding the big event t

nasdaq turns red, too.worst levels of the session but all the major afternoons in the red. welcome to "closing bell." i'm wilfred frost with sara eisen and mike santoli the nasdaq 1 hub had been green most of the final hour of trade but ended up 4 basis point in the red. s&p 500 and dow down more than 1% the low of the session was down 233. it closed down 137 nine sectors lower, a coming up, former cdc director, thomas freeden on eli lily pausing its antibody treatment after j&j paused its vaccine study yesterday. plus we will speak with the ceo of t-mobile about apple's new 5g iphones announced today. eugene profit is still with us and dave joins the conversation as well. dave, banks clearly reported today, and some pretty decent beats on the eps line. why did we see citi close down 5 -- or 4% plus. >> i think we had beats off analyst's estimates and the estimates were obviously all over the place because of what was happening with the provisions and the margins but i think what they are telling is you the

we're seeing implied opens for the dow of 422 to the down side, s&p by roughly 42 and nasdaq by 113. this does represent right now at or near the lows of the overnight session for the futures picture, so we'll continue to watch that futures over the last six hours, you can see losses accelerating this morning just floating off the lows that we say maybe in the last hour or so, but the dow joins future certainly pointing what could be a sharply lower open for 24 particulthis partic. dow coming off its third down day in a row the index is now more than 1% lower for the month and on pace for its second losing month in a row for the first time since its three month losing streak ending in march of this year. the dow is now down more than 7% from its all-time high so yes still close, but we're moving lower and crude oil futures after a whip saw session yesterday, benchmark crude prices $38.05, nearly a 4% decline there. $39.96 for brent the last trade there. and this morning's market action coming as we find ourselves in the thick of earnings season with the busiest day of the week on tap

session lows, dow down 967 points or 3.5% nasdaq composite is down 3.8%.elf is down over 3% at the close, sara, session lows, 3.5% or 966 points on the dow. worse than that for the s&p and nasdaq. >> yeah. they were selling almost already into the bell. ugly close, down for the dow, 940 points welcome back to the "closing bell." sara eisen with wilfred frost and mike santoli take a look at how we finished on wall street we closed down 940 points. rising coronavirus cases here in the u.s. and in europe, with new lockdowns announced. that was the catalyst. three days of selling in a row for the s&p 500. for the dow was more than four s&p closed down 3.5% every sector in the s&p was lower today by at least 2% you got groups like energy, technology, communication services, they all fell 4% some pretty steep declines for some of the market's best performers that's why the nasdaq did the worst. it was down 3.75%. the russell 2000 down 3% now the s&p and nasdaq have joined the dow, negative for the month of october we are doing damage ahead of the election we've

the nasdaq off by 132.ape up as we get closer to the opening bell let's also show you big technology names once again. many of them playing into this morning' premarket decline after earnings last night. apple down by 3.8. amazon off by 1.7 and twitter down by about 15%. alphabet is hanging in there, up by close to 7% when we come back, we have two more big interviews. first on "squawk box," after earnings first, activision blizzard ceo, and twitter ceo. we'll talk to bobby in a moment. check out the shares of the two companies, as we showed you, twitter down 15% this is after the company came in with great numbers. however, it was the user growth that concerned people. we'll talk about that in a moment activision blizzard beating on the bottom and top line. it was concern about the outlook. we'll talk to bobby about that. shares of under armour have been jumping after the company reported better than expected quarterly profit, up by 6.7% the ceo, patrick frisk is on "squawk on the street" at 10:30 eastern

the nasdaq is showing a gain of 111 points, 1% higher on the nasdaq.ints. one of the reasons for the dow industrials, it's being dragged down by johnson & johnson. the company halted the phase three vaccine trials after a participant in the trial became ill. overnight, the company released the news. the stock is down this morning. that is a departure from yesterday's session where we had an you across the board rally, led by big technology. the dow industrials yesterday were up 250 of points, nasdaq was up almost 300 points, 296 points higher, 2 and-a-half percent on the nasdaq and s&p yesterday up 57 points, one and two thirds percent. european markets this morning are mostly flat. we had economic data out of the u.k., u.k. retail sales up 5.6% in the month of september. people got an early jump on holiday spending, as you see. the fq100 is up just a fraction. unemployment was at 4.5% from june to august in the u.k. we've got those numbers as well overnight. the cac this morning in paris down 12, the dax lower by 53. fractional moves overnight in asia

it has been 20 years the nasdaq was up 45%. so it has been pretty unbelievable yesterday, we had worries about coronavirus. even in new york and elsewhere where there is high infection rates. we had sort of just the aftermath of the debate, which people said was unsettling just watching then we had one person say the speaker and the treasury secretary were going to talk a little more. more about stimulus again today. we didn't close on the highs we closed up three and change or three and a quarter. it all seemed stimulus induced i have to ask you. is it all just sloshing around or does it help the economy gain its feet and keep things going and zha what the stimulus does does it improve the economy or is it more money searching >> both can be true at the same time >> there is a lot sloshing around and that might be a negative long term in the short term. growing the economy and getting people back into jobs, no question the stimulus is helping to some degree i'm sure people will say it has perverted parts of the system. do you

a new high for the nasdaq. new high for the nasdaq up 191.is full-scale in the green rally this monday morning. first lady melania trump just tweeting this. my family is grateful for all prayers and support. i'm feeling good. i will continue to rest at home. thank you to medical staff and caretakers everywhere and my continued prayers for those who are ill or who have a family member impacted by the virus. there is a melania trump tweet. >>> then there is her husband. the president is under attack from the media after testing positive for the virus. he is always under attack. look at this tweet from cnn's jim acosta, it says, i'm reading for you, trump did not stop for questions. of course he didn't! he was being loaded into a helicopter to go to the hospital for heaven's sake. the lady on the right-hand side there, lara logan, fox nation host. we're grateful to her for coming to us today. have at it, lara i'm astonished to the reaction by the media when our president is in trouble? >> stuart, when i look at it professionally, i don't think a

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probably the heaviest selling, the nasdaq 2.5%.. again, this is about taking money off the table. you got the results, they were great as priced in, and now it's time to take some money off the table and see who ones november 3rd. also do you want to hold the stock risk into a weekend? by the way, the end of the quarter, we know october has usually typically been volatile especially in election years, the last four election cycles. so this type of price action though, if you think about it, we still made a lot of money off those marlos, right? stuart: sure. >> haven't given back all of them. stuart: all true. and this is not sort of an unraveling of the market -- >> no. stuart: it's a nasty downside move that makes you worry about things, but it's not the end of the world. >> i was surprised that it could be the worst month, october, worst month since the march selloff that we saw. those were down times, right? stuart: oh, brutal. >> brutal, yes. also the worst week at the end of march as well for all three benchmarks. stuart: righ

and the nasdaq up by 71. joe?the nasdaq closed down on friday i think the s&p -- >> it was down four days in a row. >> yeah. yeah >> it was up for the week but down tuesday through friday. kind of weird. >> when you say stocks are up or down, it's becoming less and less -- it's not a moneymonolit >>> coming up, dr. scott gottlieb did you see the cover of the "journal"? i think we're almost allowed to go back to europe. but aren't covid cases rising in europe that's paris those people -- it looks like -- that looks like -- there's a lot of people there. all of them -- there's no social distancing it was weird to me when i thought wow, we're reading about europe >> paris is going into new lockdowns. >> what is that? what is that i don't know >> can't catch covid in the day they say >> seems scary to me that so many people are in one place. >>> as we head to break, here are some of the biggest premarket movers stay tuned, you're watching "squawk box" on cnbc ♪ everyone wakes up every morning to a world that must keep

it's up by 23 points s&p is up and the nasdaq up by 122. coming after a strong week for the markets up by about 3% just for the last week nasdaq was up for the week too

on the dow, late september on the s&p and nasdaq for the week it's not a pretty picture.e

the nasdaq's down 193 and the s&p lower by 36.he major averages erasing earlier gains yesterday after treasury secretary steven mnuchin cast doubt on getting a new relief package passed before the election. the dow was down 165, nasdaq was lower by 95, s&p was lower by 23 at 4:00 on wall street. joining me right now is dominic tavella. also joining the conversation all morning is fox of business' dagen mcdowell, republican strategist, joseph pinion. great to see everybody this morning. happy thursday to you. dominic, let me kick it off with you here. what are you expecting in terms of driving this market. why such weakness at the beginning of earnings period, yesterday down in the triple digits and we're looking at a decline now of 265 points on the dow. >> so we've had a very nice bounce off of the september lows and the market basically recovered pretty much what we had lost during september. but i think now the markets are really starting to focus on two things, this virus that simply will not go away and obviously is getting w

back to the market, down 177 points for the dow and the nasdaq down 123.ng in our guest on the market brian belsky, why has the market comeback, we were down 600 now we are down 178, your explanation. >> it speaks to the momentum late market that we are in quite frankly in the short termism quote unquote that we are in reacting to every single bullet point and people forget september is the worst month of the year statistically for the market and that's what we had so much volatility, september given how strong the market has been in july and august, again not surprising as were tick by tick, hour by hour reacting to the president of the united states. stuart: we had larry kudlow on the show 15 minutes ago and he was saying we need some aspects of the new stimulus plan, we do have the positive test for the president and some feel that will add emphasis forgetting some kind of stimulus plan through. that may be one of the reasons why the market has come back a bit, let's say you to that. >> we would agree to that, the market need some confidence and clearly

back over to you >> thank you very much, frank. >>> big tech back to driving the nasdaq higher todaycebook, alphabet, apple, amazon, all higher by large amounts and all higher by more than 5%. big tech ignoring for now the potential for increased government regulation, both here and abroad here to talk tech joanna stern and jason ware as we look at the companies leading the dow and s&p 500, it's the same names basically out of technology day after day after day. it's facebook, it's alphabet, it's twitter, it's microsoft, it's apple and maybe one more -- and amazon is that a worrisome sign to you? has the cowardly lion got just more courage than it deserves? >> hi, that tyler. this september we did not see these large technology stocks lead we've seen some rotation within the market away from those large cap growth and more cyclical and value names. but by and large you're correct. they have led the market for many years and continue to lead in this pandemic and on a year to date basis not being in this mega cap technology stocks has been a mistake to us it doesn't make us nervous to

the nasdaq is down 2%. big tech is the big laggard. seema for trading nation >> travel stocks meeting was postponed following president trump's positive covid test results. airlines moving higher as speaker pelosi pushes for additional government assistance let's bring in the trading nation team to discuss the sector craig johnson and danielle shay. danielle, your thoughts on the cruise lines it was in this meeting that cruise line ceos were hoping to detail their safety game plan on how to return to sea >> this is true. this was good news for now when these things start traveling again, who knows which ports will remain open and they are surely to become floating petri dishes who wants to go to the caribbean wearing a mask the only way to trade them is to the downside >> the sailings in europe have been successful and they have been able to keep covid off their ships. with that said, is there one stop within travel that you think will be a good proxy for this broader sector going forwa forward? >> take a look at the chart of bookings.

the nasdaq closed up 2.5%.l ignorance among those that really believe in the strength of tech to come. to thestill buy in big names? hugh: there are a couple of parts to that. the first is the spending power of consumers in the u.s. the macro picture has been weak but consumers have been well protected through this issue in the u.s. from the extra support from government. if you remain confident in the strength of the u.s. consumer, you have a high bet that there seen that you have people have been better off because of the government support and not because of a strong outlook for wages. that would bps number one. please. anna: finish your point, sorry. point numberuld be one. the regulatory point. it is hard to argue that anyone is blind that regulation will get tougher ahead. regardless of the election outcome, tech companies will have to justify that they can grow outside of earnings in a more difficult regulatory environment. gimber, j.p. morgan. he will stay with us. we will find out how he is positioning

the nasdaq is doing well, up 127 points.unceback from yesterday's big selloff. how about the price of oil? i think it is down to 35 bucks a barrel. yes it is down 4%. it suggests lower gasoline prices in the future. i'm waiting. the price of gold you would think it would be up. it is not. it dropped below $1900 an ounce, 1876. you would think it's a flight to safety. it is not. down today, down another three bucks. >> >> i want to get the latest out of philadelphia. the city had imposed a curfew after violent protests broke out over police shooting of a black man. lauren, i knew the curfew has been lifted. what do we have there? lauren: it lifts at 6:00 in the morning. it was in place at 9:00 last night. look at scenes you're watching. successive nights of protest, riots, looting, in the fatal shooting a black man carrying a knife. 200 businesses ransacked. atms blown up. they found a van carrying explosives. at least 50 police officers are injured. the national guard is mobilized. they should arrive tomorrow. the white hous

up for nasdaq, 52.owns are the worst assault on the working class in a half century. whoa, now that is a flat-out denunciation of the lockdown that took over our economy. who said it? bernie sanders,a-aoc? intono, from three scientists from stanford, oxford, universities. that endorsement has been denounced by 15,000 doctors. this growing anti-lockdown opinion is very important. the researchers are saying very clearly don't lock down. it is devastating for poor people and they say the medical and psychological damage from lockdowns is worse than from the covid virus itself. they want, quote, focused protection for vulnerable people while those who face, quote minimal risk should be allowed to resume their lives. their approach is similar to president trump's. maybe that's why the media has ignored them or worse, suppressed their opinion. they claim google shadow-banned their report. how about that? same old story. the left and media propaganda difficults, so hate the president they will suppress anythin

those technology and communication services names remain in focus for the technology trade and the nasdaqif you take a look at many so of the themes developing right now, one of them that has been getting a little bit more attention among traders as of late is the transportation-related stocks. they are continuing to move higher, trying to get to that semblance of a new 52-week high and record high. watch united parcel service. i'll put a star right there because that stock made a record high in trading, up 40% year to date and union pacific, the second biggest stock market cap-wise in the transportation indention, up 13% and that transport trade of 5% year to date, and you heard it over the last hour. disney, dow component, also moving to the highs of the session, up 1.2%, $123 per share. that move higher coincides with activist investor and hedge fund investor dan loeb pushing disney suggesting that they suspend their dividend payments and save that cash to invest in streaming prors and content for disney plus that move is helping to push those shares higher. kelly, remember, disney sha

to 3372 and the nasdaq down 2.5%. run through the picture here all 11 sectors r lower in the market, energy, industrials, financials and tech are the biggest laggards the worst performers in the s&p are all three cruise lines and retailer hasbro this morning who did report better than expected earnings but sales for its tv and film division fell short you can see why with nobody going to the events quite so much is. all 30 dow members are also lower today. amex, salesforce and honeywell and royal caribbean, a 12% drop in some of the cruise line stocks today amex and salesforce down 5% and marriott is one of the worst nasdaq performers. workday hit hard after the sap miss zoom video the best performer, up nearly 1% a classic stay at home trade. >>> meantime, shares of sap are plummeting after the software company slashed revenue guidance on covid-19 concerns this the has the entire software market and because of that the entire stock market concerned. sap shares are now sinking almost 24% josh lipton has more for us. j