The nasdaq is testing the lows hit during last weeks threeday selloff that sent it into a 10 correction. Any more than a 206point loss for the nasdaq and we right now are down 212, so yes, we are now deeper into that correction territory. We knew the pandemic absolutely crushed the travel industry but now booking holdings, forced to take a draconian step ahead of the Holiday Travel season in order to stay alive. The ceo of booking is here to tell us if hes at least starting to see a shred of light at the end of a very long lockdown tunnel. Plus we are on the ground in florida after the aftermath of Hurricane Sally. A money manager to sports star shares his covid stock picks. And new evidence of a coming coronavirus foreclosure disaster. Less than an hour to the closing bell, lets start the claman countdown. Liz weve got to get to the hottest software ipo of all time. It is now getting iced over, with about 59 minutes left to trade, take a look at snowflake, falling hard after yesterday
Report in the atlantic that says President Trump called wounded veterans losers we will talk to the Vice President , but lets talk more about the nasdaq with the tech selloff continuing. Some of the big names we follow closely, tesla is down after a 9 drop yesterday and today its down about 2 in premarket activity. The chip maker also about 9 yesterday and it also looks to open down by almost 4 today. That is free market activity as well. Zoom after a big day earlier in the week seeing major prophet taking in the last two days down almost 2 and apple surging on its stock split monday but then down another about 7 yesterday down to about one and a quarter in premarket activity after an 8 drop yesterday. We are less than two months until election day and joe biden is out and about. He made another. Dot this could be why the democrats want him to stay in the basement. We will play that a little later. We may hear from President Trump as he meets with leaders of serbia and kos about later
And so much more, on making money. So folks as we end the week the big investment theme is the retreat and big growth names those mega tech stocks that have been on fire for a long time, profit taking was sparked by concerns over the quality of teslas earnings, of course it came from selling those tax credits and slower cloud growth microsoft, and the smooth sailing has run into an air pocket and now these pockets though, theyve been great entry points in the past and the question now is will history repeat itself. Joining me, ubs private Wealth Management senior portfolio manager, katarina simoon it, and let me start with you, overall, the sense that we see these names and i guess investors have become accustomed to them being up every day. Why now . Why are they beginning to stumble . Im talking bigger tech names and the larger growth names. Of course, and charles, thank you for having me on the show. Well tech certainly has been an exciting sector to watch over the last couple of we
A lot of good stories and if its not good ill tell you right doctor to get heard but its been around for 40 years from malaria for lupus for other things i take it frontline workers take it a lot of doctors take it she has been my kind of house more from the white house. Well it was in a word utterly astounding President Trump indicating that he started taking the drug a week and a half ago this sort of will appear following a letter from an unnamed doctor in westchester in upstate new york who tout the use of the drug in this letter to President Trump which he quoted in the course of this News Conference now its very important to note that the food and Drug Administration the f. D. A. Has cautioned against the use of hydroxy chloroquine this it did about 2 weeks ago so President Trump by his own admission started taking the drug few days after the f. D. A. His own if d. A. Advised extreme caution in terms of using it for the treatment of coronavirus and also saying it should only be u
Resolved as soon as possible. They said that they have collaborated in good faith with tulsa to address the safety concerns with the thousands of employees. Tesla is charging production clearly violating the Public Health orders workers and semis caring electric cars were coming in and out of the plant in fremont and the parking lot was full. And in response the county officials said that they notified tesla and they could only maintain asic operations until we have an approved land the hope that tulsa will comply without further enforcement measures. Tesla is restarting production today and we will be on the line with everyone else. If anyone is arrested i asked that it is only me. Do i want elon musk arrested . Absolutely not. Do i want his employees escorted out by police . No i dont. Reporter Scott Hegarty said that may 15th was the target date for tesla to reopen. General motors and ford plant to reopen in the United States, tesla wanted workers to return earlier to prep car parts