100,000. The World Health Organization in the meantime is warning countries against stopping lockdowns too soon. We will take you to the press conference in washington as soon as it begins. We are expecting President Trump to speak at any moment now. Meantime, i want to bring in Romaine Bostick. You have been following the markets all day. There have been some good days, but most days have been down days. What was driving the market today . Romaine, are you there . Looks like we lost romaine. We are going to go now to the ceo of google cloud, who is joining me now on the phone. You,s, before i get to just want to show what the market has been like for google over the last month and a half. Google shares down from a peak but this has been a time of record business for you. You have seen Unprecedented Demand on google meet, your videoconferencing service. If you will, talk to us about how you have navigated a surge in demand and business as all of your own employees have had to work from
And were hanging out there now. Utilities, financials, they are among the standouts this week. Yields are up a bit too on some hawkish leaning fed speak, and were going to get to that in a minute as well it does take us to our talk of the tape the rally, how resilient this market can remain. Lets bring in kevin gordon, Charles Schwab good to see you. Its been a minute. Nice to see you this markets been incredible its been resilient in the face of so much theoretically its had this nice bounceback. What should we make from it . I think whats nice is through this mini pullback correction, whatever you want t call it, youve removed frothy sentiment as a pretty big risk that had been a risk from midnovember up until march where you had seen indicators on the behavioral and the attitudinal side that had gotten way into excessive optimism territory. As we know from history that can happen for a while until you get a negative catalyst to tip you over that negative catalyst probably ended up b
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
As bad actors look to the future for more advanced ways of blurring the lines between real and fake, – with hopes of tricking you into giving up your most sensitive information, so too are cybersecurity experts hoping to stay one step ahead of their tech-savvy fraudster counterparts. What’s o.