Increased number of virus cases will weigh on markets: Portfolio manager

CNBC's "Power Lunch" team discusses markets and investment strategies amid the coronavirus fears and stimulus stalemate between Congress and the White House with Russ Koesterich, portfolio manager of the BlackRock Global Allocation Fund. It's not all about fiscal stimulus, says Koesterich. But the market is starting to come to grips with the fact that we may not get a package before the election. But a weak jobless claims number and the increase in coronavirus cases weighs on markets, he adds.
Thu, Oct 15 20202:18 PM EDT

watch now
CNBC ProNucor CEO talks Q3 beat, expanding production and 'unrelenting' focus on trade
watch now
CNBC ProThe biggest story this year is the Covid-19 demand hit to the oil market: RBC Capital's Croft
watch now
CNBC ProMost people expect a catastrophe after the election, but the sellers have already sold: Doug Sandler
watch now
CNBC ProFiscal stimulus and election results will determine what will happen to markets: GenTrust Principal's Hernandez
watch now
CNBC ProChipotle CEO Brian Niccol on targeting Gen Z with TikTok