Pandemic . The ceo of opentable will be my guest. Rents are plummeting. Ceo joins us to talk about his ambition next. First, lets check of the market. The u. S. Stocks climbing today led by big tex. Big tech. We are waiting on the last jobs report before the election. How are investors handling this . Volatility is the theme of the year. Up dow at one point was nearly 1 , then down. That tells you theres a lot of uncertainty around the fact that we dont have another round of stimulus. The jobs report tomorrow, jobless claims today came down a little bit but still above pandemic levels. It looks as though september is expected to be less good than august. 875,000 jobs are expected to have been added in the month of september versus 1. 3 7 million added in the month of august. We will be looking for revisions also. Be aob picture is going to huge key to the economy going forward. All of this as we might be on the cusp of a second wave of layoffs. Yesterday, Goldman Sachs announced they a
Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean
We will be joined to talk more about that. But first, lets talk about the market. Abigail doolittle is with us. On the back of a big speech by joe biden last night that has been largely wellreceived, even some republicans saying it was successful. Abigail indeed. Probably not too much influence in the markets today because earlier today on the open, really small moves. It was as the day got going that the gains continued, especially for the tech stocks on the day. A real head scratcher because we have a they were we do not have any positive macro data on economic front, and we also dont have any negative data relative to the macro either except for the further out uncertainty around the election and u. S. And china relations. Here we have the big tech stocks you were talking about once again climbing to the nasdaq 100 and faang index both at record highs. The faang index now up 115 since its march low. Apple is just incredible, up more than 5 today. Split does notck create value. Inter
Texas. Meantime, covid19 cases continuing to rise with 4 million reported across america. But today, the u. S. Centers for Disease Control that is control is advising schools to open, after originally highlighting the risks. It added up to another down day for stocks. Joining us, abigail doolittle. Abigail a lot to digest, and you nailed all the issues. A big piece of it has to do with the big xl off, but the rising tensions with china have been the backdrop for the past two years, but really coming into the forefront here. And economic data, frankly, not right. Investors are paying attention to that. You put it together, nasdaq 100 down. 9 , down on the week for the second week in a row. Stocks hit even harder, down 1. 6 . What intel really disappointing, at lowes down 18 per soient, worst day at that point since 2000 to one Third Quarter guidance for that chip to let you talked about, and also the idea that manufacturing of their trips could be changed. We had investors going into a