Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
That is coming up next. I mentioned if the goldman shares soaring after reporting 93 revenue trading in the second quarter. The analyst call is underway. What are some of the highlights you can tell us . There is or uncertainty. David solomon did say violet has been very uncertain as far as outlook for reopening, he gave us expectations on what to expect. The expectations for the u. S. Have gotten better. For the globe, worse. This number is equates to a and more than 6 globally next year. If you think banks are undervalued now and you are seeing this type of expansion next year, you are in better shape. That uncertainty still exists. Goldman also gets credit for being able to improve their capital ratios closer to where the fed wants them to be. By selling off assets here and there, we saw a big insurance sale last week to kkr, and being able to offload assets such as leverage loans of the sword. Of the sort. Carol guy talk about the ratio, they have come up 13. 6. Does that mean inve
Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
In march and april. Yeah, and, you know, the market if you want to talk about it being the index certainly is doing that its been steady naturally the most heavily weighted stocks also happen to be the ones that are in th strongest trends they are covering up for a lot of, i think, softness under the surface. Youre not seeing this latest push higher really have the participation of the airlines and all the kind of socalled epicenter sectors that now are under a little more question about a stutter step in the reopening process. I do think the market is trying to be rational about it. Its unclear what would stop these trends, why would apple and microsoft stop going up today when they havent stopped until now except the fact that the nasdaq does look really stretched once again compared to the rest of the market there does seem to be a little bit of frothy speculation happening in some pockets of this market but thats been the case periodically for the last several weeks i guess you wou
Surge here. Well speak with the mayor in miami and about the spike with the virus. And an ammicable separation. Match group completing the spinoff. Parent company iac last week theyll discuss the strategy Going Forward and Online Dating during the pandemic. Lets focus on the big stories of bob pisani has the stories. Meg terrell has updates on the coronavirus and Brian Sullivan is covering Warren Buffetts new bet on the energy space. Bob, lets start with you and the markets. Yeah. The important thing about today is were up nicely but were up on lighter volume it is deteriorating a little bit from the earlier part of the day. Were once again falling back upon dependence on the mega cap tech names technology, computer services, Consumer Discretionary all of them tech oriented or continuing to lead the overall market Consumer Discretionary as i mentioned, banks still on the upside not as much as the overall Market Energy has fallen back that was an early leader i keep mentioning the mega