Not surprisingly tech stocks are holding up the best today. Bob is looking where we stand on earnings about halfway through the season and our tech team will get us ready for what to expect tonight josh lipton on apple julia on facebook. Bob, lets start with you. Kelly, earnings are a little bitter than expected the market is holding up pretty well because of that the big winner here remains technology stocks. Why shouldnt it just look at the Second Quarter earnings estimate. You heard of what a disaster the sec quarter is 38 for the Second Quarter this is almost the same for the Second Quarter technology will have a small decline. Thats why tech keeps winning. Look at lam research they make semiconductor equipment. The ceo said covid19 has underscore the rapid growing on reliance look at the chart up 28 good Earnings Report but straight up since the bottom in march. Telemedicine is killing it look at these numbers here 2. 8 million visits in the Second Quarter. 200 growth. They raised
Youd expect that Campbell Soup yeah theyre using the product but heres the point the ugly part of this story theres so many a good parts but one ugly part was they were using this they would get in a group of c. E. O. s or whoevers make a management decisions and say look this is what were selling you they were equivocal were selling you this so you can spy people then they get caught right Spokesman Says oh no no no this was just an idea we havent ever launched this well theres talk was well this is a feature only in Early Development you think well thats you know we already have companies that are currently using this fall with the intercept is the reporter here he knows what hes talking about he did a phenomenal job really an end to this as well as a brilliant reporter leaf and we did a story last week when he was victimized by survive on one of his coworkers because he said something that the coworkers. It was a politically incorrect this is a great reporter here so hes digging int
Words from popping up like in their presentation they said unionize the union i dont use those words they actually can control the flow of these conversations and almost influence the way these employees are thinking and speaking of this the you love this part of starbucks right starbucks of the theyre theyre the new progressive businesses young hip theyre using the product ok youve got walmart youd expect that Campbell Soup yeah theyre using the product but heres the point the ugly part of this story theres so many a good parts but one ugly part was they were using this they would get in a group of c. E. O. s or whoevers make a management decisions and say look this is what were selling you they were equivocal were selling you this so you can spy people then they get caught right Spokesman Says oh no no no this was just an idea we havent even launched this well. Theres talk was well this is a feature only in Early Development you think well thats you know we already have companies tha
Change between now and november dont go anywhere americas lawyer starts right now. Facebook is trying to help other companies prevent unions from forming with a new 2 called facebook workplace the tools going to give employers an overhead look at what employees are saying to each other and i have ferrand cousins from the trial lawyer magazine and all around just great journalist who writes about these types of things to talk about it share and listen this this is. We have watched zuckerberg turn in from this this hero of the left d to this dark dark character who understands Money Matters right so now this is his new money plan talk about right its this platform called facebook workplace and what it is is it gives an employer like walmart or starbucks those are 2 companies who are using this. Their employees can log into their facebook workplace and its like a regular facebook interface except its only for those employees so they can talk to each other about work related items they can
We await President Trump right now, probably in about the next hour or so he will be addressing the top of the Coronavirus Task force. One of the Big Questions will be about his conversation earlier this morning with russian president vladmir putin. The white house has said that those two talked about the need to stablize energy markets. The president saying earlier this morning that he believes oil prices are too low. Russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. The price is so low, theyre fighting so crazy over distribution and over how many barrels to let go. Reporter the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the front line in the hospitals treating the coronavirus patients. The treasury secretary Steve Mnuchin said earlier today, speaking with Stuart Varney that receipt now theyre