Ecommerce the big baba breakout. We start off with the end of an era. Exxonmobil getting booted from the dow after nearly 100 years in the index exxons tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. Exxons removal from the dow is nothing less than a remarkable sign of the times. Just seven yearsago it was the largest publicly traded company in the United States since then, shares have been on a steady decline exxon is down more than 40 in 2020, on pace for its worst year ever so is exxons removal from the dow a sign that big oil is dead money . Guy adami . I think so. Its something weve been saying for a while. I think they finally came to the realization that the worlds changed. Energy is not nearly as on the to the u. S. Economy as it was a decade or so ago i guess we have to make a choice between chevron and exxon. For whatever reason, im sure they obviously have their reasons, they picked exxon to remove i think exxons been in
Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
More contagious than some other viruses that weve seen and its clearly deadly and it is being asked by many asymptomatic patients without symptoms. And you do need to wear a mask no question about it to protect yourself and to promote others more importantly. Yeah we keep hearing its to protect others but i do feel safer with it on myself much of the noise in the news lately is about vaccine encouraging as these reports are its not soon that were going to be lining up for shots at c. V. S. Is a. No listen were were probably a minimum of 6 months away probably longer they have to test safety they have to test get lots of people we need to make sure they work you know day or day or gearing to approve of that scene thats going to be only 50 percent potentially effective fright so were not talking about vaccines that are going to protect 90 percent were talking about vaccines that best protect the 50 at a 50 percent level so were going to wait for that its going to be a while and you know
New york times reports that fringe Breitbart News racked up a reported 14000000 views in 6 hours of a video featuring doctors telling us masks are unnecessary and hydroxy chloroquine is the cure social media full of experts who seem to have gotten their m. D. s a Trump University whom to believe dr Tanya Dempsey is the founder of the am center for personalized medicine dr welcome. Thank you thanks for having me. What is the number one myth or misconception about this novel coronavirus. Well that it is just like the flu its not just like its its highly contagious more contagious than some other viruses that weve seen and its clearly deadly and it is being asked by many asymptomatic patients without symptoms. And you do need to wear it no question about it. To protect yourself and to promote others more importantly. Yeah we keep hearing its to protect others but i do feel safer with myself much of the noise in the news lately is about vaccine encouraging as these reports are its not soon
Discover. The power of community. It is friday morning july 24. I know you cant quite visit yet but we will celebrate because when the gates open, let the fun begin as we give you a live picture. I cant tell you how many times in high school i would be. With that, welcome to the nine. I am going to give you my 2 cents off the bat. There is Southern California and Northern California. My take is the beaches down south, theyre beautiful, pretty, nice, white beaches. Everyone goes on sunny days. Up here we dont get those sunny days. Maybe we dont have the same sand but i will say this, when it comes to overcast skies i think more people around the bay area go to those beaches. When i bring my children, those are some of the greatest days. A lot of people in the bay area enjoy our coast around here because we dont get that sunshine like l. A. But that does not mean that we dont enjoy our coast. One of my most favorite days was when we went to the lighthouse several years ago. We walked all