Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Steve from Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon. Tonight, join jimmy and his guests hugh jackman Lili Reinhart, musical guest buju banton. And featuring the legendary roots crew and now, heres your host, Jimmy Fallon Jimmy yeah thats right oh, come on, now thank you very much. Hello thank you so much for tuning in and watching our show. Im jimmy fallon, and that is the roots right there. This is the roots. [ applause ] i saw your face light up [ laughter ] when you heard higgins say buju banton. Questlove yeah, i guess. Yeah jimmy very excited about that all right, lets get to the news and jokes right now guys, the Democratic National convention continued tonight but everybody is still talking about Michelle Obamas speech. She really brought the heat, especially when she used president trumps own words against him. Watch this donald trump is the wrong president for our country. He has had more than enough time to prove that he can
Welcome to squawk alley. John fort has the morning life watching carefully as both apple, tesla, and the thatnasdae dipping into the red lets go to alex sherman tiktok is suing the u. S. Government over effectively banning the app come september 15th tiktok released a blog post right now explaining the rationality behind the lawsuit against the u. S. Government. There are two administrative actions that the Trump Administration has taken the fist would effectively ban the app by september 15th. That is the one that tiktok is challenging saying it has been preventing due process it has worked with the government for almost a year trying toics plane that it is not, in fact, a National Security threat. Their parent is bite dance that is what this has all been about over the past several months the order demands that bitedance die vest tiktok by october that means the sale talks with microsoft and oracle will continue tiktok has at least challenged the effective ban that takes place next m
Lamb weston, that was one of our stocks of the hour. Down 11 . I dont know what is going on over there in the 209. Taylor i am never going to live that down. That is good to know. On a more serious note, some of the industrial companies, 5757. R at a spot intraday basis down to about 31 basis points or so. Keyink 54 will be the next resistance level. The flight to quality we have seen, given the fed and some of the weakness we have seen in earnings. Shawne still with us, matthews. It is earnings season and we are getting into it with some of those large mega cap Tech Companies. There is high expectation but also a general sense that given their size, given their market dominance, they really cannot lose. They will have the Revenue Growth and have Margin Expansion there is really not a reason to be afraid of what they will say or report. Do you buy into the i guess teflon nature of some of these names . I think it can last for a while. If you look to the nifty 50, that lasted for quite
Something positive, right, with that rising case count hitting new records, it seems virtually every day, and deaths also starting to move up in knows hardhit states as well with hospitalizations thats certainly been a focus for Market Participants as you guys well know Scott Gottlieb who we follow closely tweeting about the remdesivir news, very encouraged but needs to be confirmed in a prospective trial, appears to be a receipt peck testify analysis of the face three data suggesting a survival benefit in severe Covid Patients. We have made the point many times it is only good news on remdesivir, but lets remember its an infused therapy in the hospital typically for people who are severely ill what we are hoping for and waiting for are significant antivirals that will have an affect on the virus far earlier in its course so that people will feel much more comfortable in resuming behavior because if they were to get it and these were to be available they could immediately take an oral