Steve from Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon. Tonight, join jimmy and his guests Matthew Mcconaughey, jaden smith, musical guest, jaden and featuring the legendary roots crew and now, heres your host, Jimmy Fallon Jimmy thank you, everybody thank you so much. Hey everyone, welcome to the tonight show. My names jimmy fallon thank you so much for watching lets get to the news and jokes. Well guys, if you havent heard already, today we got some big news from new yorks attorney general. Just a few minutes ago, my office filed a lawsuit against the National Rifle association to dissolve the organization in its entirety jimmy wow, the nra as we know it could be gone. Aww. Thoughts and prayers [ laughter ] [ scattered applause ] well work on helping, but not now, its just too soon. Yeah, right now, the nra is in so much trouble even trump is afraid to wish them well when the news broke, people were shocked, mostly cause this had nothi
We begin with the call from Goldman Sachs to avoid apple, to sell it. John, to you first it is your biggest position. Is this the right call from Goldman Sachs reiterated to get out of apple all right were not hearing jon. Well work on that the steve, youve trimmed a bit of it what do you make of this call. We see apples recent Stock Performance and trading level as unsustainable and will continue to recommend that investors avoid this stock i did trim some a number of months ago its still my biggest position i trimmed it to me, apple is the market right here the stock does not deserve to be where it is but neither does the market and neither do a lot of stocks. I believe youre in front of the companys biggest Product Launch ever, which will be the 5g phone. The market is forgiving lot of the sins if youre looking at purely does it deserve to be here in a microscope looking at apple . No you can make that case on anything im not selling anything let me take that back. I may trim a litt
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
In the last 10 days. The u. S. And china trade new barbs. Washington rejects chinas claim to the South China Sea. Top u. S. Senators are facing mainland sanctions. Haidi u. S. China sentiments dominating again with the grim overlay of rolling back restrictions around the world. This is how we are shaping up when it comes to u. S. Futures contracts, up by. 2 after what was a truly volatile session. We had the s p 500 touching levels prepandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. Nikkei futures up by. 2 percent. Sydney futures escalating in the red, point 8 lower, looking like a set up of. 5 lower, this as we are expecting an announcement today that the fed of New South Wales will ease back those restrictions when it comes to indoor gatherings at pubs after cases coming from the pubs. It is now over 20. New zealand trading modestly higher, about. 25 . Some significant