Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
They had to be taken to the hospital because of their injuries. Thankfully have a little bit of good news for you theyre saying that the officers are in good condition. Despite all of that the witness says the driver appeared to be in a white needs to be shes in the driver took off. Theyre still currently looking for that driver right now so again if you have any information or you may have seen anything in the area police are asking for you to reach out with that information as they continue this investigation again darren james very scary moment for witnesses to see all of that 2 officers here investigating what they believe was a car crash just to be dragged 10 to 15 feet here on the road. So well bring you more information as this story continues to develop a for now reporting here in oakland raider harvey kron 4 news, thanks ran right. Well, lets get over to the Weather Center John Standing by with a look at our air quality and the rest of the forecast for today john much better c
Its competitor, nikola the Airlines Holding up after Morgan Stanleys bullish call on the group. The analyst will join us kelly, first over to you major aver raages are hitting their lowest levels. Bob has a look at the stocks making the biggest move today. Bob, lets start with you. Were in a 40point trading range. Were about to break out on the upside i know this sounds crazy lets look at the sectors and whats moving. Were not getting a lot of help from technology. It rallied early yiier but hasnt been moving as forward were getting nice moves from the industrial and Health Care Stocks these stocks rallied earlier off of their lows. Apple was 119 earlier. Its not moving the market forward here in the middle of the afternoon. Still off of their lows. Same with microsoft, nvidia, lam and some of the work from home stocks they were lower earlier but not rallying dramatically. All of them down wayfair was briefly positive slack has turned positive. The stocks are all off their lows most of
We ta retail sales were lower than expected autos adding to the pain with biggest names if the group or deck for earnings next week, well tell you which stocks could be set to take off later, it is apples epic battle both apple now and google kicking out fortnite out of their app stores well explain why they are doing it the fight it could spark and the crackdown on big tech that could be in the cards. Power lunch starts right now happy friday to you. Check out the transports out performing this week up 4 those moves are thanks to fedex and avis budget up double digits for the week with all the major averages up more than 50 from the march lows, its the question being heard around wall street is the market rebound getting too far ahead of the economic rebound. Were digging into the data. The stock market could recover its all time highs we went back to 1973 and looked at how stocks behaved. It takes 2. 7 years to get even this recovery probably will be measured in months the fed and co
Response is needed to come the followup from the virus. Jp morgan, citigroup, wells fargo kicked off reporting season for u. S. Banks. Investors are braced for heavy provisions. Trading revenue could be the bright spot. 6 00 a. M. Inne london. 9 00 a. M. Here in dubai. The defining sentiment of u. S. Markets and the world will be defined by this family, jvm, bank of america, goldman sachs. Do you want to take a look at the spread between gs and the rest of the banks . It is going to be confusing, sloppy, and shocking. Is provisions. Bank of america warns wells fargo the dividend could be toast. Ficc that saves the day . This is the defining narrative on the consumer, confidence, and the outlook for the u. S. Pandemic wont disappear in coming months as the total pace is 13 million, california closes its doors to Indoor Dining and bars, shutting its two Largest School districts as hospitalizations hit a record. Our guest is with us. Nd unsynchronized moment how does that redefine the nar