Cases, we talk about it every day. We need to im starting, i dont know what youre hearing, im starting to see anecdotal evidence that things are slowing down a bit in the economy. Im getting that too. Im getting people who are saying, i really would want to make a big spend, this is in terms of the big tech spend, for instance, i got to figure out what is going on or when are people coming back, are people ever going to come back . This stay at home versus go back to work, we thought it was resolved, we thought that things it was just a matter of time before you go back to work and those involve big Corporate Capital spending decisions and i think that those decisions are right now on the balance, because people dont know whether this thing is just going to continue to rage. I think we can expect it to continue to rage for the foreseeable future until the vaccine is widely available. There are people people are starting to curb their behavior thats what im referring to, and there are c
Tiktok positive covid19 treatment news eli lilly starting phase three of an antibody drug. Well get into that and we have better than expected manufacturing data which along with better than feared earnings is helping lift sentiment. Were on record close watch for the nasdaq 59 minutes left trade. We certainly are. Its up 1. 6 lots to come on todays show well discuss the fast moving developments in the talk between microsoft and tiktok and what a mean would mean for other social media stocks with chris kelly. The plus, big Testing Companies like quest and lab corps warn of back logs and delays, well talk to Gravity Diagnostics ceo we have big Earnings Reports coming your way. Virgin galactic, taketwo and chegg and more well bring you the numbers as they cross and analysis as well. Lets focus in on the big stories. Mike santoli tracking todays market action. Mike, lets start with you. Not far off session highs really not that far all time highs. About 3 below that right now. And weve ki
120 reports are in, but next week is the big week for earnings reports. Yearoveryear Earnings Growth is down 17. 6 right now as we stand. The s p before today was down 13. 4 this year. He did make back some of that ground lost, but we will see what comes our way next week. The 10 year yield has been in its range as well. We have crude limits high for the week, but nevertheless, up and helping to send Oil Companies higher. Down 0. 4 , but still around 17. 25 an ounce. Lets get back to what is happening with italian bond yields and european bonds more broadly. Italian bonds catching a bid today. Are tightening up in germany as well, despite the fact that we have an s p rating review this evening and eu leaders essentially failed to reach a significant conclusion regarding funding, how they are going to fund europes economic recovery, and yesterdays video call. Are we overestimating the risk when it comes to italy and btps . Lets get a sense of where we are at the european economy. Peter
Well thanks for having me on. You know this is its not an opportune time to start to defund any efforts at Public Health i think that should be hopefully obvious to most people you know donald trump is no fan of Global Institution and i think he certainly would want to take steps to make sure that blame is placed didnt places other than where he is im not suggesting that the w. H. O. Did its job perfectly here i think the weather today b. H. O. The c. B. C. Or anybody else plenty of blame to go around but in the middle of a crisis to take the feet up the street that you need in the middle of a global epidemic doesnt make a lot of sense to me was the obama admin and what the Obama Administration is you know would have been prepared for this. Well look its hard its hard to prove a negative i think i think id say 2 things one is there was a. Structure in place that would have been able to respond more quickly and i think thats thats the 1st thing the 2nd thing is that. They would have pro
Something and weve all been late before you can usually recover but when youre 2 months late and something thats growing exponentially. Its kind of letting a speedboat swimming after a speedboat its 15 feet ahead of you by the time you get 15 feet its 100 feet ahead of you so that was very costly time so i dont think this is an easy crisis to handle i wouldnt claim for a 2nd that anybody would handle it perfectly but it would have been the warmest year if we would have been able to get out ahead of it a couple months earlier do you regard trump as a wartime president. Well lets think about what our best wartime president s do they arm their troops they read the data theyre in kept to kl of good news they are decisive they move their troops around and they make quick decisions and they follow the data theyre not instinctual so i would love to say i would love for President Trump to take on those characteristics those are his i thought tendencies i think hes more instinctual i think hes