Some of these well known names here in the u. S. , these are chinese stocks that are listed here on u. S. Exchanges. China mobile, its up just under 1 . Youve got lenovo which, of course, is a chinese company, down half a percent. Alibaba is up one and a third percent. Jd. Com, that stock is also continuing to move slightly higher. As we look at some of these other names, alibaba Still Holding on to gapes of about 1. 5. But lets look at the semiconductors, because one would argue that they are the most exposed to what could have been yet another trade war, but it just doesnt sound like that yet. We have green on the screen. A little bit of a relief rally for intel, up two and a third percent, invidia up two percent. So thats certainly a good sign when you see that those names including other names that are bigger when it comes to, lets say, traderelated, tradesensitive stocks, everything from deere to caterpillar was that the fear was that we would start to see yet another trade war or
Decision about Education University of california campuses. Will no longer require High School Students to submit an a c t e r s a t score for admission. Thanks for being with us tonight at 8 oclock everybody im grant lodes and Vicki Liviakis to use the regents voted unanimously to eliminate the exams today. Its the latest attempt to address fairness when it comes to getting into college. The s a t and a c t exams have long been criticized for favoring wealthy white High School Students. The new policy calls for those tests to be suspended through the year 2024. As the University System works to develop its own testing standard. The exams will be completely eliminated by 2025 even if the new you see specific standard test isnt approved yet and tonight californias top educator says that longawaited guidance on how to reopen schools in the fall. Could be coming in a matter of days today, educators from across the state weighed in on what they believe the process should look like our firs
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of
Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdow
York as u. S. Inventories declined. And coffee slumped on its return to trade. Unease there. Lets get you started with a quick check of the markets trading at the moment. We are seeing u. S. Futures opening slightly higher. This of course after the regular session saw the sapp 500 climb to a 10week high. We have optimism over reopening of different economies. Not so much in key retail earnings showing signs of resiliency, so we have those and target reporting sales that top the estimates. The sapp 500 really erasing all of tuesdays losses. And really the gains being pretty broad. Were talking about financials, industrials and Energy Leading all 11 sectors higher. The sapp 500 more than up more than 30 since its march low. The nasdaq composite at the highest level in more than 12 weeks. Oil, we saw another day of gains for w. T. I. , gaining ground for a fifth consecutive session. Right now under a little bit of pressure but still at around the highest level in almost 10 weeks as we con