romaine: i am romaine bostick, and we will continue our coverage on donald trump. we learned just a few moment ago that the white house physician did say president trump is quote in good spirits after that diagnosis we heard about overnight and that he has been receiving some treatment cocktail an antibody made by regenerating -- regeneron pharmaceuticals. something that we were looking for as i hope to get over the covid crisis, but now it appears president trump is effectively getting a dose for himself. of course an extraordinary day ready much sense two or one bang in the morning -- withhicks being diagnosed the coronavirus, but one of the more extraordinary days in a tog time in d.c., adding that the news with the job report which is a disappointment, stimulus talks accelerating. mostin general, one of the event driven days in quite a while. romaine: event driven and here we are, 32 days out from the u.s. presidential election. i believe david westin is standing by joining us in this coverage of what is going on with the president. david: thank you so much, i

joe: romaine bostick is out .oday --oline: is it is not a flight to haven.oe: the question is "what'd you miss?" caroline: we will discuss the stock market chugging along higher. this week the s&p 500 posted its worst week since march. gdp is that. even jobless claims declined more than estimated. disconnectk economy thes, but it didn't work right way round. the data held up in many ways. personal spending much better than expected, but it was a rough october and a rough week and an ominous one that has got global markets anxious. caroline: we have another cool bar chart were you. basically what it is saying is if the stock market is ugly it does not code that well for the party that is in power. moment's, we have all seen some pain trade in the s&p 500. this does not bode well for a highlynt who speaks so of the stock market. people are looking for fundamentals. this is not voting well. joining us now, katie greifeld. what are people saying about what is driving the market action here? reporter: it has been interesting to watch that breakdown. the s&p 500 i

romaine: i'm romaine bostick. in u.s. financial markets, a rally built on stimulus hopes turns to earnings expectations. joe: the question is, "what'd you miss?" netflix shares falling after subscriber numbers missed forecast, but the stock up more than 60%. becomingompanies poster children for growth. today we are going to take a shot of these growth stocks. see if he could be a signal of the rotation away from growth and towards value. notable today, energy financials outperformed. are warming to the possible switch after the u.s. elections. netflix declined today. could it be a precursor of things to come? joe: it is finally happening. october 20, finally the great rotation. who knows? but one thing is clear. netflix had an absolute boom with a huge surge of people that didn't have anything to do, so they got netflix. that is slowing down. the stock is down. romaine: you joke about this being the day. the fact that you said it out loud, maybe it will be the day. but you take a look at this next chart and we have seen a

romaine: i'm romaine bostick. stocks up on the day, down on the week, but that massive move in treasury yields providing most of the drama this week. notline: the coronavirus is going anywhere anytime soon. the numbers indicate they just keep increasing. u.s. daily cases exceeding 70,000 for the first time since july. in europe, it is dark. france, italy, along with other countries seeing daily records. today we focused on what this means to your money. there might still be time to find a potential haven. wholee are going to get a slew of economic data next week. the covid numbers, how is that going to affect the future recovery? joe: we had a second wave in the summer if you want to call it that in sun belt states. we are seeing this third wave really hitting the midwest hard. the economy has recovered even as covid has picked up. clearly this has a dampening effect on activity. the longer this goes on, the worse it gets, not good. numbers continue to surge in the u.s. europe looking very bad. than inf cases high

romaine bostick is off tonight. caroline: we look at what happened to the markets. not much, eroding our gains to the end of trading. globalas moving into stocks, europe had a strong day, the luxury sector, but all cry -- quiet on the brexit front. caroline: the question is what'd you miss? data shows that the u.s. retail sales rose in september at the fastest pace in three months. numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with industrial production on fire. when you look at the big picture, joe, economic reports confirm that china needs the u.s. and the u.s. needs china. their economies are linked hand-in-hand on the industrial and consumption levels. there are many issues between these governments, that we would see. but there is a link between the two economies and it is remarkable. joe: it is pretty striking because so much of the story of the economy, the global economy some overproduction in china, it is the opposite. you see this in our charts that cameron crise made. industrialine is recovery of

romaine: i'm romaine bostick. let's take a look at where the markets ended on the day, because it was another volatile day across u.s. markets. stocks floating, commodities inking, and investors estimating the next round of economic stimulus. joe: what'd you miss? romaine: stimulus talks. that's what you missed. stephen mnuchin did meet today, but there was no deal announced on a new round of relief. weekly jobless claims this morning remained near 12 million, and the monthly payrolls data may still telegraph a great deal of doubt about the economic recovery. investors continue to bid up stocks, the s&p 500 and the nasdaq and the green, despite one of the biggest cliches of the year -- no connection between the stock market and the economy. joe will put the cliche to the test today. joe: not everyone accepts that, even though it is repeated all the time. our guest points out that if you were to break down stocks by quintile of sales growth, you see that the companies with the highest sales growth are on the right

. >> i'm romaine bostick. let's take a look at where we stand in financial markets are the s&p and the dow all tumble on renewed fears of a surge in the virus. joe: the question is "what'd you miss?" caroline: the shock and the slog. our guest says we are facing two independent recessions. the shock in march and ended a few months later and then the slog, which we are in right now. slog, that is a pretty good way stalling economic recovery. pandemic fatigue setting in. it is hard to swallow. the worlds better with covid, such a long way to go. today we saw the pressure put on as investors left without a new stimulus deal and see a spike in cases of covid. joe, we're going to be digging into this slog. joe: it sort of feels like today is the day that it's really daunting on people. this is really real. there really is a surge here. if you want to call it a different way. kind of besides the point whether it is in europe where we are seeing hospitalizations, deaths, and of course cases on the rise. hospitals in

romaine: i am romaine bostick, let's get you caught up on the markets.orst drop in the s&p 500 since june and the broadest set off in the index since march. >> the question is "what'd you , miss?" caroline: definitely a lot of selloff today. a surge in cases causing those in europe. and building on it. there is hospitalizations to rise in the u.s.. the question to come is one next the economic crisis? dear i say, when next the markets? there was a broad selloff. major groups losing 2% across-the-board. technology having one of its worst performing days. now there is no stimulus inside and the u.s. election is on our doorstep, investors are in a risk-off mode. what would help? spending.ays fiscal bill dudley weighed in on that too, saying the fed needs to help the economy. joe, there is definitely some risk-off sentiment. joe: absolutely. obviously we have known for a little while that stimulus in the short-term is the gone. -- is gone. and the virus is really catching people's attention here. this is a great chart. 97 of the s&p 500 constituents falling

david lee spoke to caroline hyde and romaine bostick earlier about its expansion amid the pandemic.can share that we certainly have adjusted in this current crazy environment. we have met with people wanting to buy meat whether that is in the grocery store or direct to consumer. our grocery business has grown 100x since january. 150 grocery locations to now 15,000 globally. just this week, just today actually, we announced 600 great roastery locations in canada along with 200 in singapore and hong kong. it's because that is where the meat eater goes. 90% of the customers of impossible foods are self-avowed mediators. -- meat eaters. has grown to where the meat eater goes. romaine: this idea of coming up with new and creative ways to feed the appetite out there for meat alternatives, there is a cost associated with that. i remember early in the process, impossible foods jump on the radar of a lot of folks, there was a lot of talk about the cost to produce those original burgers you guys were doing. how much of that factors into the long-term strategy for the company in dealing with t