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
Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe
Stock is surging to an all time high well have more on teslas big move in a bit. Right now, power lunch begins. Yes, it does the nasdaq at a record high today. The s p is about 7 below its all time high. Lets get to dominic for more. The markets like that camera, were higher. They are coming down now but still in positive territory. At the highs of the day is dow is up roughly 469 points they are up 277 right now. Pretty much 1 gains across the board. The s p 500 hovering right around 3150 and the nasdaq, well put a star next to it here because its created a new record intraday high two places in technology that are really moving. Check out these Etfs First Trust dough jow joan inte. Every single one of these tech oriented etfs has hit a record high some of it is covid related but watch those moves. Both of these showing pretty strong gains opinion surging in todays trade. Good time for some companies tyler, to be in the ipo market back over to you thank you very much lets talk about t
The San Francisco board of supervisors. Madam clerk, would you please call the roll. Clerk thank you, mr. President. [roll call] clerk okay. Mr. President , you have a quorum. President yee thank you, madam clerk. Please place your right hand over your heart. Would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff at sfgov or sfgtv who record each of our meetings and make the transcripts available to the public online. Madam clerk, are there any communications . Clerk yes, mr. President. The record will reflect that since the declaration of local Health Emergency as a result of the covid19 disease, the members of the board of supervisors are participating in the Board Meeting through Video Conference and to the same extent as if they were physically present in their legislative chamber. Provisions have also been made for the public with and without the internet to be able to
Test. Test. Test. Test captions. Test captions. Test captions. Test. Test. Test. Test captions. Test captions. Test captions. Test. Test. Test. President yee good afternoon and welcome to the may 19, 2020 regular meeting of the San Francisco board of supervisors. Madam clerk, would you please call the roll. Clerk thank you, mr. President. [roll call] clerk okay. Mr. President , you have a quorum. President yee thank you, madam clerk. Please place your right hand over your heart. Would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff at sfgov or sfgtv who record each of our meetings and make the transcripts available to the public online. Madam clerk, are there any communications . Clerk yes, mr. President. The record will reflect that since the declaration of local Health Emergency as a result of the covid19 disease, the members of the board of supervisors are participating