Squawk alley. As you just heard, stocks are continuing to move higher today although off of the highs of the morning. The s p is up about 0. 6 the nasdaq up about 84 points. On track for the fourth week of gains for the major averaging and today it is that reopening trade back in the drivers seat today. It is it is retail names as well at the same time we dont see a buy fur indication it is a shift to more of a focus on e commerce. Amazon is up 1 . And facebook is up better than that that to me is interesting. Walmart is a stock that has done well prior to things opening up. It is also higher. So there is a mix. I think there is general positivity, larger stocks in general are doing better, but it seems like the market is reacting to not just opening up versus not, but maybe a sense that the economy is starting to find its footing. It is such a great point, john it is names like micro soft, adobe, some of the big cap tech names. So it seems like today, at least, this rally, the breadth
Jap japans exports fell 6. 7 in june, much more than expected. They were looking for a 5. 4 drop tex tend the bigger surprise drop was a 5. 2 drop in importeds versus the 0. 2 decline economists were expected the nikkei was down by 2 . Hang seng off by a half percent. The shanghai down by 1 . In europe, red arrows there as well spain off by 1 . Lesser losses for the other averages check out the treasury market. You will see that the treasury market this morning is showing the tenyear with a yield of 2. 054 United Health just reporting moments ago. Posting Second Quarter profit of 3. 60 per share. That Beat Estimates of 15 cents. Revenue came in ahead of wall street forecasts the Company Raised its fullyear forecast well talk about this more with ana gupte. Netflix shares are falling sharply this morning the Company Reported a drop of 130,000 u. S. Subscribers in the past quarter on the Conference Call Reed Hastings attributed the lower growth in part to its Program Lineup during the qu
Donald trump left off from the debate taunting his opponents. Little marco little marco. Lying ted cruz. Lying ted. Ted cruz and marco rubio equated him as a con man. Hes trying to con people into giving votes just like these people gave him the money. Thats a fraud point little marco. Is this the debate you want playing out in the general election. No matter how bad he will be as a nominee and a president they say theyll support him if he wins. They are saying hes going to ruin the country and Republican Party and then they step back and said ill endorse him anyway. Polls show trump is the worst of the republican Craig Boswell the white house. You may have noticed the one ben carson. Hes suspected to spend his campaign today. Want you to take a look at big changes to st. Petes skyline. Crews started work on a 41 story tower today. Its going to be tallest building in all of Pinellas County once its finished. One, two, three. Crews are spending hours today clearing this land on tower. D
It will continue to march over the bay area. All of us will have rain around 7 00. Not this morning, we have a chance of showers throughout the day. Temperatures in the mainly low to mid 50s. Have a lot of patience. Good morning. Pretty light right now. We will have a little bit of dampness coming across the golden gate bridge. Taking a look at the bay bridge. No moisture here and very light traffic at this hour heading into San Francisco. Road work in the westbound direction on the two right lanes will be picked up. Macarthur maze, no delays here. Eastbound 4 at leverage, freeway closed for half an hour. Westbound still a very nice drive. Kristen breaking news. Hostess the maker of twinkies saying it is closing plants nationwide in the middle of an employee strike. Katie marzullo is live in the newsroom. Hostess has a plant here in the bay area. Yes. In oakland, we know those workers have been on strike. We dont know what this could mean for the bakery but hostess is closing up shop.