. >> all right, bob, we'll talk to you in a bit rates in dollar today, rick santelli good morning, rickorning, carl. indeed, you know, we are right back on long maturities, basically the whole curve actually to the rates we were looking at on friday which were the highest closes going all the way back to june if you look at the three-day chart, you can see we're right back at 87 plus, we're close to 166 in 30s, and this really is something to pay attention to. i will talk about this at 10:40 eastern today. the central bank, keeping rates low, but what is the world going to look like once we start to get better control of covid? open the chart up to june 1st, you see what i'm talking about, we're hovering at levels intraday and on a closing basis. we haven't seen since early june but the real key, the real key if this gets late from this point and starts challenging the mid-march zoom back at 120 close in 10s, things are going to get a lot more excited in the marketplace, and the equities and many of the global equities will pay much more attention to what is going on with rates in the u

. ♪ >> to the bond market and the cme we go where rick santelli is tracking all the action. >> hi.en a wild week, if you look at the two day 10s, it looks like rates are going up. you can see it's been a two-way trade. as it sits at 81 1/2 basis points, we really closed the gap on the week with regard to the h regard to how much ground the treasury selloff pushed rates back up. if we look at our ten-years versus european ten-years since the end of august it is nearly the same t look at the dollar versus the chinese yuan that summarizes the weakness in the dollar kelly back to you. >> thank you rick santelli. >>> we can't yet call a winner between president trump and joe biden. cnbc can declare that pot stocks were the big winners in this election aurora cannabis is up 50% today, 10% this wk.ee can these stocks keep flying high that's next on "power lunch. >>> possibility stocks are smoking on the potential of a biden presidency after four more states voted to legalize recreational use earlier this week aurora cannabis is leading the charge, up over 50% just today will these stocks

you can see that sometimes the audio goes out on these home setups let me send it over to rick santelliow get his bond report. rick >> hi, david this morning, i was listening it mike anatoly, best play by play in the business, and the treasury market is not looking for any miy major relay. it is looking ahead. it is optimistic about the vaccines and the therapeutics, maybe not as excited as the equity markets, but maybe that's the point. if you look at today's data, we had a 30,000 rise in initial claims nobody wants to see that in the levels are high. if you look at where all the experts thought things would be, in february, march, for today, the markets are much better off, the economy is much better off, of course, many people aren't better off and that's what we would hope for would happen over the next several months. and intraday of ten says it all. after the data released, the small jump in claims, rates moved lower. there is no denying that if you started friday's 82 basis point close for a ten year, we built up a little bit of cushion here and if you contrast u.s. interest rate

rick santelli tracking the action at the cme. how are we closing out the week?osing out the week on a strong note. look at intra day of 10s as we sit at 89 basis points, up one on the day remember, this is a day where headline ppi was higher than expected, michigan preliminary november was super weak but their inflation numbers were getting stronger if you open the chart up for one week, we're up seven basis points on the week so all maturities are up on the week, only long dated are up on the day. let's open the chart up to september 1st. if you'll notice september how flat the changes are, look at how aggressive it's gotten the last seven weeks the ken etic energy will be bearish. we rofri we're who having at levels on the yuan, not far off the august lows that went back to april of 2018 >> rick santelli thank you very for that. retail stocks are heading higher today. walmart and target are higher. even big are gains for kohl's and nordstrom. that's coming up next. ♪ ♪ ♪ ♪ adapting. innovating. lsetting the course. but new ways of working demand a new type of

now to the bond market, rick santelli tracking the action there at the cme rick >> yes, john, let's do020 on the market all 20 years, intraday of 20-year, largest ever, $27 billion. it wasn't a spectacular auction. rates have moved higher, which makes sense when there was avoidance buying into the action if we look at the 20-year since last friday, 142 is where it settled. we're still all long maturitiems higher on price. if we look at the first day it traded, the 21st of may, you could see we're on the high side that really gives a good glimpse of what rates have been doing the last 20-plus months. the dollar index looks to close down for the fifth session in a row. kelly, back to you >> rick, thank you very much rick santelli. >>> the s&p retail index is up about 2% more than doubled from its lows this year as investors bet on a rebound eventually we'll talk to the ceo of boxed about that and what consumers are buying and stockpiling right now. stay with us businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of

rick santelli tracking action at the cme. rick >> you know, tyler, you're exactly right. right now at 77 basis points, down a baker's dozen, down 13 basis points on the day. that's a bit of a distortion because some of the early misgivings of where we were in the election process when treasuries closed spiked it up so, if you look at a two-week chart, we're revisiting the lower end of a range if you put bunds on top of tens since september 1st, the main dynamics haven't changed we continue to outperform on higher yields versus european lower yields if you look at tens minus two, the yield spread curve going back to 2018, it was also distorted with a jump yesterday. it settled at 73 granted, it's back down at 63. in the end it's also somewhat in a range. if you look at one week of the dollar index, it's like treasuries, visited the low end, but maybe appropriate charge euro versus dollar that is finding some solid support it took a few sessions to get there. kelly, back to you >> a dramatic day, rick, thank you. rick santelli. >>> the bulls are continuing their post-electi

let's get to rick santelli and get the "santelli exchange." hey, rick. >> good morning, carl.neider. he is head of short term portfolio management jerome, thank you for joining me today. >> great to be here, rick. >> you know, the fed's mantra these days and for a long time now if you think back to the credit crisis, lower rates for longer the problem is when you squeeze a water balloon, pops out somewhere else and lower for longer has several snags. one snag in particular, you written about, prime money market funds you know, they had a huge regulatory overhaul, jerome, four years ago and now both confidence and capital seem to be leaving the building what's going on in the money market sector? >> quite simply put, one of the places to park cash over the past 40 years is prime money market funds the money market funds take a little credit risk in doing so however, the weaknesses have been revealed over the past few years and they were trying to address back in the money market fund report of 2016 more recently in march we saw the weakness where the fed had come once again res

rick santelli has more on this for us rick >> reporter: well, buckle up i have seven charts here and what i think is the answer look at one week in the dollar index. currently it's down to close to 1.9 it is. stu pack if you look at the dollar ves yes yen, the dollar is at its worst in two months. let's look at these three charts the dollar on top of one-month chart onemerging markets etf and one month versus the daxx versus dollar what do all those markets have in common? risk on, risk on we could talk politics but that's kind of like chasing your tail the reality is the markets are risk-on. they have been risk on all week and risk on is never good for the dollar index kelly, back to you >> rick, that was seven charts i was bracing for like a much longer thing and you flew through that and got right to the point. it's just because it's strength, economic strength? it's kind of -- what do you call it >> i'm not sure about economic strength i think that this was a good jobs report. under the context of which we're dealing, i think it's the best we can get and with regard to politics,

debt going up for auction at the top of the hour given interest rates earlier we want to bring rick santelli in the ten-year this week you gave a d-plus, so not great how did the 30-year go >> barely better i gave it a charlie minus, c-minus, and i was in a good mood today these auctions aren't going very well, especially today considering that yields are starting to move up. the resistance is clear to make it through 175 on a 30-year. let's go through it quickly. the yield at the dutch auction, 1.68 that was higher than the one issued was traded so a little demerit for that 2.29 bid the cover a little light, 61.9, a little light on indirect where it excelled was 16.9 on direct bidders 21% of the stock goes to primary dealers. when we look at these indirect bidders on the light side, it's not a big issue as it was with 10s but there's your foreigners, we want them to pay attention to foreign central banks and hedge funds, which are more direct i gave this a charlie-minus for good reason. it's going against the grain many traders are looking to be buying some of this rally that's starting to

rick santelli. coming up, we're 15 minutes away from fed chair powell's news conference even when the fed doesn't move markets that much, sometimes the press conference does. first, we'll get you updated on the states that are still counting their votes the latest daietls on the election next on "power lunch. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ >>> welcome back markets do continue to rally the dow up 575 points, nasdaq up nearly 300, that's a 2.5% gain and it is the best performer we are watching two major stories this hour. first the coronavirus crisis daily numbers topping 100,000 for the first time and on the election front, the electoral vote count now stands at 253 for biden and 214 for trump. as votes continue to trickle in from

to rick santelli hey, rick. >> hi, carl.ching the markets creep up in yield, down in price if you remember, 82.5 was the close we had friday. we have crept up and that close at 82.5 was a two-week low close, so we are building and that's very important. we all know that treasury secretary mnuchin basically taking the back stop money for the c.a.r.e.s. programs away from the fed, the wall street journal today called it courageous that fits with my line of thinking many in the marketplace didn't like it. one thing we do know the markets didn't mind it whether you look at par claybar the investment grade spread chart, the hygtf, you cannot pick out a market response the markets are dealing with this, because the back stop is as essential as it may have been interpreted was never actually needed, more psychological than anything else. and finally if you look at what is going on with the euro currency, it is hovering at levels close to breaking out to the best levels since the spring of 2018, carl, jim, david, back to you. >> all

rick santelli, how did it go >> reporter: it did not go well, the seventh auction of 20-year bonds. i gave it a "d" as in dog. the-year-old 1.422 was higher than the high when the auction buttoned up. higher yield, lowest price and the heist yield than any of the previous auction and the size of the biggest at 27 billion but no matter where you look there was weakness the bid to cover 2.27, the second lowest. 61.2 indirects was the second lowest if you look at 15.3 directs. that was the best -- best of breed. it was higher than the six auction average and 23.5 dealers take a bit more than we'd like them to take in the final analysis, the indirect bidding was weak. there's your foreign central banks. the direct bidders that were strong, kind of mutual funds, insurance companies, hedgies and that gives you a lot of clues because they are more comfortable with t.yields are starting to creep back up, and that's never good for a 20-year auction. kelly, back to you >> yeah, there's ten-year in the green now. up 80 basis points thanks for pointing out indirect that's definitely a bee in my

stocks giving back some gains as we pay attention in the meantime, business inventories are out, rick santelli>> yes this, is the end of the third quarter. numbers in september jumped. september business inventories jumped up 0.7% that is the strongest jump since january of 2018. and we know we need to build wage it? s if we'll have a good holiday shopping season. aim east and go to diana olick for our november read for the national association of home sentiment. a good number? >> reporter: rick, it is another blow-out number from the home builders sentiment in november soared to 90 on the national association of home builders wells fargo housing market index, the third record high in as many months anything above 50 is considered positive last november it was at 71 and at the start of the pandemic it plummeted to 30. but buyer gey demand has been incredibly strong since then as consumers want more indoor and outdoor space in the suburbs sales expectations in the next six months up 1.89 and buyer traffic up 3 points to 77. one note, nhb said 69% of the responses for this were received before t

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rick santelli. markets holding on to gains.414, the first peak back above 3400 since october 27th. >>> election results for north carolina still too close to call scott with more this morning >> good morning, david this may not be getting some of the attention as say, pennsylvania or michigan but with 15 electoral votes, north carolina looms larger and larger all the precincts have reported even though our graphic there are saying 95% are in. all of the early votes and same-day election votes have been counted but here is the issue as you see the president up 76,000 votes over vice president biden. the issue is 117,000 absentee ballots that have yet to be counted and not yet returned those loom large as well as provisional ballots cast yesterday that have not been counted. that 117,000 number will change as more of the ballots come in certainly some people are not going to return those at all what happens next is those ballots go to thecounties. the counties will decide to count them some of that will not happen until next week

let get to rick santelli >> historic day. 30,000 plus in the dow it's having an effect on traits.ates do need sop help in that regard. the stock market is in response to historic vaccine. when you think about it, these are historic events and it's an historic time for investors. if you look at that two day and then go to a one months, tens versus dow jones industrial average, they keep yanking them up euro versus dollar looks to be closing at a 12-week high against the green back look at the intra day against the dollar if it was on the lows, open the chart up to november 1st, you'd see we'd be closing at record levels back to you. >> maybe it's a flip side of that raek dollaweak dollar, thew trading just a hair below that level now. which consumer stocks will benefit from the thanksgiving holiday. "power lchun" is back in a couple at fidelity, you'll work with an advisor to help you build a flexible wealth plan. you'll have access to tax-smart investing strategies, and with brokerage accounts online trades are commission free. personalized advice. unmatched value. at fidelity, yo

let's check in with rick santelli how did it go, rick? >> reporter: it was not a pretty reaction, and that shouldn't be shocking to anybody. i give the auction a-plus. biggest ten at 122 billion but the issue is the vaccine move yesterday in stocks took out all the slack of where interest rates could go without hitting resistance and nothing is more psychological than 1%. let's go through it. everything was on light side, but pricing at .96 was right in line was light on bid to cover and light on indirect. the direct lightest since june and the dealers took a whopping 25%. that's the most dealers have taken since may of 2019. i think the way you want to formulate this is if we leapfrog and can go over 11 on a close which was yesterday's intraday high, maybe we can keep the momentum going, but that certainly doesn't seem to be the issue at this point. i would have thought that everybody would have stepped up to buy this considering it's probably 1% or close to 1 it is yield resistance kelly, back to you >> rick, remind me which one represe

rick santelli is tracking the action for us at the cme >> hi, kelly without the storck market makinghistoric move, we're losing ground. when stocks are hot, the 10s get -- you look at a month today of 10s, pay attention to two lows in early november, that's where your ideal support is. on a month-to-date chart, if you put the s&p on top of 10s, the effect i was discussing, if we just stick with this month to date, look at what's going on with the dollar. euro is at the top of the range toying with new highs and if you go back another month you see an even more aggressive look to the chart. the dollar is starting to slip pay particularly close attention to the weak eeweakest. >> "power lunch" will be right back ♪ ♪ ♪ ♪ ♪ i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the

carl, jim, david, back to you. >> all right, rick, we'll talk to you later, rick santelli. balanced picture than we had this time yesterday. you got energy industrials up half a percent banks and tech are weighing on the overall index. s&p is down 18 before money, people traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm

. >>> dow is punching back up 400 points now we're going to go to the bond market and rick santelli >f tens shows us everything we need we're sticking close to the best of the highest yield we've had since joune. you can see 90 basis points with that high close. we have been dabbling around 87 basis points october wasn't a kind month for bund yields. they couldn't keep up with treasury yields and i'm talking about on the high side because higher yields at least on some level are considered to be an optimistic viewpoint of the economy. if we look at the bdollar index this is the fourth session we may close higher on. where is the weakness coming from europe in general. look at the euro dollar, looking to close at the weakest level since the third week of july kelly, back to you >> rick, thank you very much as the candidates make their final push, so do their supporters we're going to look at the big money that's continuing to flow and not just in the presidential race we are also watching the nasdaq, which has been leading declines today, but it just briefly turned higher. it do it's d

. >>> from stocks to the bond market, rick santelli tracking the action at the cme group. >> lookingintra day of tens, we've drafteifted and if u look at the one week chart, we may close at a level we haven't closed at in one day shy of two weeks. dom brought up maybe stimulus gets a kick out of the markets but let's face it, we're still a 29,000 handle on stocks, best existing home sales number in 15 years and continuing claims dropped about, well, close to a half million so the data hasn't been that bad and if you look at the bund yields versus tens since the beginning of the month, you can clearly see we're all moving together and the vaccine gave everybody a shot in the arm. and finally, a september 1st, at these levels we're close to closing at levels we haven't seen since the first trading day of september kelly, back to you >> thank you and one particular crowd watching the dollar is those in gold and bitcoin bitcoin is above 18,000 again right now. every time it's spiked in the past, there's always been a pullback will there be a better time to buy? we'll ask. plus the compan

. >>> let's get to the bond market rick santelli tracking the market >> thanks, jon 122 bs for 3s, 10says of 30s didn't pay much attention to the daily this morning. yields moved lower but they were slow moving and after the auction you saw one little spike in yields to the up side because it was on a very good auction and we're right back down. as a matter of fact, we're continuing making lows, down nine basis points in 10s and 30s. you can see rates were dragged up by the rally in stock and now we're seeing the opposite side of that effect and if we continue with the 30-year and go back all the way to the fourth quarter 2019, where's the resistance here? right around 2%. the closest we've gotten, barely over 1 3/4 and we're moving the other direction. the dollar index of july 2020, look at how flat it's been, august, september, october, november a very tight range but this range is basically at the bottom of a three-year chart. kelly, back to you >> we are watching it closely, rick, thank you, sir it's time now for today's power movers we start with multi-plan they provide technology

we go back to the bond market where rick santelli is tracking the action at the cme. >> hi, tyler wend everything you need to know is right there we open up but we've just been drifting look at a month-to-date chart of what's going on in a ten-year note yield it ended last month, october, at 87 basis points. so we are now officials higher price lower yield than we finished last month on the long maturities i think that's very relevant we want to pay very close to attention to 75 basis points below and the resistance between 92 and 96 basis point on top. euro versus dollar, like interest rates it's lost a lot of ground. up see the high there? 120 and change why is that important? it's important for a number of reasons. it's a 31-month high, and, b, there's a lot of strike price option a thet 120 in the options that will be a resistance level. back to you. >> zoom is up this year. the company reports reports after the bell can it meet the sky high expectations we'll explore that wn ce ghbackheweom i felt like... ...i was just fighting an uphill battle in my career. so when i heard abou

let's get out to rick santelli as we get those fed minutes. >> do remember, a lot has changed since november 4th and 5th. think about the underpinnings of fed programs and the treasury money behind them. also think about the notion interest rates have firmed up because most of the headlines i am now seeing, as steve liesman peruses the details, is there was lots of discussion about bond buying and changes, meaning quantitative easing. what would it take to buy more are we buying enough these are the types of questions that would only be under consideration if there's a general nervousness regarding interest rates maybe moving a little too aggressively to the upside we all know for the most part, we live in a managed rate society at this point. it's been that way in some form really since the credit crisis as you look at 2s, 10s, 30s on an intraday basis, you will see a slight deterioration on the longer dated treasuries, like 10s and 30s, which make sense because i doubt if the fed is thinking about buying less in the form of quantitative easing and to take it one step farther, as the econom

watching rates today as we get headlines from bullard, to rick santelli hey, rick. >> hi, carl. as we sit at 89 basis points for ten-year note yield, we're up 7 on the week. as you look at two-day, you see that the big feature was obviously we're trading lower yields, higher prices than yesterday. but it is starting to reverse a bit. maybe part of that was a headline ppi this morning. a bit hotter than expected at .3. but it is more than that it is just as generalized notion that at some point with vaccines and therapeutics out there, it is just a matter of when, and we know that we're going to have a tough time before we get there, but markets are always thinking ahead. look at month to date of 10s we continue to see that the month is shaped up to be virtually unchanged. we're about at the same place we ended last month, as we are right now. maybe a basis point or two higher this is actually a key area as we once again look like we want to regain the 90 basis point handle, 1% say bis a big psychological area now it is at 71 basis points, but when you put it against the kbw bank

to rick santelli hey, rick. >> hi, carl.rning we had a robust housing number, housing starts up 1.53 million. what i want to point out real quickly, single family starts continue to just toil ahead. highest level since 2007, 13 years. look at intraday of 10s, you can see we have come off the lowest yields after the release of that 830 housing starts and permit number, pretty good. rates moving up a bit. we can to day chart shows we have been drifting lower and if you opt chart up to august 1st, this encompasses everything. on the 4th, the all time low yield close. half of 1% .50. the highs in the first week of november at 96 on a closing basis. so you can see we're more towards the upper end of the range and have a push with the lower level ever if you go to the euro versus the dollar, hovering close to best levels since the end of august carl, jim, david, back to you. >> all right, rick, thank you very much. >>> most sectors in the green this morning with the exception of utilities and healthcare basically flat vix below 23

to rick santelli >> yes, you know, we had some important data today initial continuing claims, we canhow much good news it really is. but it is still the best level since march. now, another data point we had today, we didn't cover as deeply as i would like to, very quickly, productivity, third quarter, preliminary, 4.9. 4.9 was a stand alone without last month's 10.6, let's go to the charts, it would be the best productivity level since the third quarter of 2009. that means 10.6 on its own was the best quarter since 1971. so as you can see on this chart, we have the two best productivity quarters going back to 2009. i think that's something to pay attention to what we learned here is that the way we do things differently during the pandemic has some productivity pluses. maybe we can hang on to those is the wider economy gets postcovid and opens up in its entirety two day of 10s, we had 23 basis point range, 94 to 71. open the chart up and one month chart of 10s, we lost some of that zing. and when you consider that i would rather have strong equities, higher interest rates and strong

. >>> obviously, a big week for central banks, again let's get to rick santelli who has ism coming up a big week for central banks and big week for trying to figure out what central banks are going to do and tomorrow's event and ultimately one whenever we good et the results is going to figure out into that prominently look at the intraday of tens. they're moving down. down now four basis points and the curve has flattened by 3.5 basis points here. if you look at two-day a much better glimpse of what is going on 87 plus in the wee hours and it is giving way. this derisk theory even though equities are doing well because of what is going to occur tomorrow, of course. and as carl pointed out i'm not sure how they are going to end up mopping all this up should a better vaccine or different types of drugs to combat covid-19 sooner rather than later. if you look at a june 1st you really see what is going on. we have moved up to that almost 90-basis point june high and the data is out. market pmi, the october final read which pulls out 53.3 and replaces it with 53.4. so, a little bit better

jim, thanks, you always take time we got to get the data jim paulsen, 8:30 on the east coast, rick santellieconomic data some of it might be higher, rick. >> some of it may be higher, october read for consumer price index, unchanged unchanged. strip out food and energy, it's still unchanged. these are definitely cooler than expected let's go way back, year over year, up 1.2 core, it's up 1.6. every built of data is lighter by a tenth or so than we were expecting. if for a historical perspective, from march of 18 to march of 20, 25 reads, 2% or higher jobless claims continue to move down 709,000. and of course this follows a slightly revised 757,000, and if we look at continuing claims a week in arrears, well, 6,786,000. 6 million, 786,000 this is the first breach of the 7 million mark, which is something important. we know there's other programs with regard to claims and federal claims that may be put into the calculus, but these two are pretty good, and there was a subtle revision on continuing claims, joe, originally released at 7.285 and now stands at 7.222 million but under 7 million, a

rick santelli here to break down the closing moments and today we have josh brown with us as well., i don't wish. let's kick things off with the broader markets. the nasdaq massively outperforming on track for its best day in merely seven months, up a healthy 3.8%, the dow is up around about 450 points, it was up almost double that, 822 at the highs of the day mike, the market just welcoming the fact that the election is behind us, even if the results aren't. >> that's certainly part of it also there was perhaps one scenario that was implicitly underpriced by the market going into the election which was a little bit of a gridlocky feel, no blue wave and maybe the growth stocks had catch up to do, if you look at that inter day chart we showed of the nasdaq and twichd higher in the morning, people did make a grab for the momentum growth stocks that have been sort of left behind a couple of months ago and then it went to sleep from there. so i don't know necessarily that this is some kind of real tide change in terms of which way the market is going to go and what kind of stocks it's

rick santelli live here at cme hq october read on starts and permits.on on starts. that's 1,530,000 that is, indeed, better than expected that's up close to 5%. do remember last month it was all about single family starts, and we will look at that deeper in a few moments they represented almost 80% of last month's starts. if we look at permits, also about as expected. arguably just a smidge light 1,545,000. these are close, 1,545,000 would be equal to last month's read or just about a lateral to last month's read so these are very good numbers and we will eventually go to diane who will give us the breakdown on this, but suffice it to say interest rates have moderated quite a bit. many say it's due to lack of stimulus many believe, of course, it's the fact that the equity markets seemed to have stalled a bit even though they're close to all-time highs, it seems as though the needs of the treasury market for ongoing good news to make it boulliant is something we need to pay close to attention to, watching how demand goes for long maturity may give us mor

. >>> welcome back to "squawk box," rick santelli here live at kme hq, looking for the latest data onnitial claims. of course that breaks the streak we had dropped four weeks in a row. the our last week at 709,000 may still get revised and it's not a bad number, but it certainly isn't the number we were expecting. we were expecting to be closer to 700,000 or breach that level. on continuing claims, 6,372,000, and that indeed, does continue the streak that is the 8th weekly drop in continuing claims in a row last week 6,786,000 still stands, although, in the next few seconds, there are revisions, but it actually was revised up a bit up a bit so we still keep our record of eight in a row 6,801,000 last week. currently week, 6,372,000. so not bad there and with respect to how the markets have been behaving, of course we know there's more hot spots, and how various parts of the country deal with it, of course, is going to affect the economy. it's going to affect travel, and it's going to affect these numbers ultimately but there's not much business can do when government tells them that t

going to you, next, steve, so we're reading across, and then finally rick santelli, but it's easiest in order, kate, what are you expecting at this point? >> yeah, so i'm looking at 720,000 for the month of october. but i think there's going to be a lot of noise, and after we get the headline, we have to separate out private from government, given the fact that we're going to have a decline in government workers from the finishes of the census i think we'll have good numbers from the private side. >> nada, it's kind of an important number because we had the great snap back, and now a lot of concern that we might be petering out a little bit. what are you looking for >> i expect actually a decline from where we were in september, down to closer to 500,000. but i'll also be looking at the unemployment rate in the labor force. i think that's going to tell us a lot about how people are feeling about their opportunities in the labor market >> austin, the election is over, we can be friends again, i mean, we don't know exactly how it's going to turn out. what are you looking for numbers to