From home and implementing new restrictions he is speaking to the uk as we speak. And big tech stocks gaining back some ground after a rough month. Amazon climbing up analysts say the selloff created an attractive entry point. Sara, we have 59 minutes another volatile session amazon is nicely higher. The Broader Markets are slightly higher yeah, taking all of Consumer Discretionary it with. Retail winners today as well coming up on todays show, despite the upturn, the nasdaq is the underperformer in the month of september so far. Were going to ask tiech investr dan niles where he is putting his money to work. Even the ceo of levi will join us with a look at how consumers have spending money. And speaking of retail, were counting down to nike earnings to day after the close, nike by the way, best performer in the dow right now. Well get results from stitch fix, kb home and teslas Shareholder Meeting and battery day. It is shaping up to be a busy afternoon of news. 58 minutes left of tra
And how they are working with diversity and how they are changing the company with what that means. Seasons season is officially underway. Scarlet fu is here with some of the highlights. Scarlet i wanted to start big picture, as with banking and other parts of the economy, the stronger getting stronger and the weak are getting weaker. Citi leaning on their trading business. You can see that jp morgans revenue soared thanks to training. Record revenue for a second straight quarter, and equity rising more than 30 . At citi we saw trading surging 68 and with companies trying to raise cash as quickly as possible, investing got a boost as well. Wells fargo does not have the same wall street operation. If you look at wells, reported a loss 2. 4 billion. The first quarterly loss since 2008. Nine and a aside half billion dollars for credit losses. See jp morgan putting aside 10. 5 million. That is the biggest loan loss provision in its history, and it shows us how covid19 affected the economy
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat
Chips. The chips in this bag and the chips on this rack. I know it sounds like i agimmick. Maybe it is. But if you understand the zeitgeist of this market, if you really want to get it, these two types of chips tell you a great deal of the drama going on in the stock market and in the entire country. So on a good day when the dow advanced 130 points, s p gained 1. 03 , nasdaq jumped 1. 51 hallelujah allow me to explain. Lets start with these chips, the semiconductors. Right now theres a veritable feeding frenzy for the chipmakers. Investors cant eat just one. The etfs are going crazy. Buyers are chomping down on this stuff like piranhas in the amazon basin. Nvidia, obviously the not disputed leader of the group is up 87 year to date and 757 from its lows just 17 months 757 , people. On the other hand, though, this bag of chips is under assault. The price of a bag of potato chips has risen 45 while the cost of producing them has increased by about 40 over the last few years. But unlike
Goalkeeper Igor Shesterkin and forward artemy ponarin made a decisive contribution to the hockey players victory over carolina in the third game of the stanley cup playoffs. Shesterkin became the first star of the game. He withstood the truly hurricane pace of harry kanes attacks, repelling 45 shots. Note that one of the two carolina hockey players who still managed to hit igors goal was another russian, andrei svechnikov. He equalized the score under. Note that this is artemys fourth winning goal in the playoffs. The series score is 3 0, and now the rangers have just one step left to reach the eastern conference finals. The confrontation continues in the west. True, this time nechushkins puck did not help colorado achieve success. Dallas took over 5 3 equalized the series score 1 1. Cska basketball players hosted zenit. In the third semifinal match of the vtb united league, the hosts started right off the bat, quickly scoring seven unanswered points; by the end of the first quarter, t