I want to be careful to say that if im confirmed you would not be getting justice scalia, you would be getting justice barrett. Charles well have reaction from the white house on that and more. All of it coming up on making money. Charles a day after a monster session own the market today feels like the dreary weather in new york. I think the technical term for it is blah. Strange anticipation. You have two major events that could provide catalysts not only for the companies themselves but for the broder market. Amazon beginning the twoday prime day. Apple unveiling highly anticipated iphones and some other products. Speaking of which technology is sizzling still after a pause, part of the reason i think goes beyond the hot products and services. What happened to all of the breakup risk . You remember that last week . Congress released a 451page report. Democrats leaning heavily towards breaking up the gatekeepers of the digital economy. According to a report from mit congress flopped
Says, comparing xoe ce ining cou once again as the death toll crosses 2 10,000 the white house is blocking new fda vaccine guidelines for the coronavirus and the eu is putting the Pfizer Covid Vaccine on a fast track. Shares of pfizer and bioand tech are moving higher ahead of the bell stimulus talks, maybe were stalled again. Theyre set to talk by phone again today. But well, who knows at this point. Hard to say. I wouldnt even try to venture a guess as to whether they make progress they did talk for an hour on the phone yesterday. Pelosi told Democratic Leaders today that talks are going slowly. Right well, look, gary kelly is one of the greatest executives that i have ever met. And he was on squawk and he is actually doing some shortterm furlough, get people back. When hes doing it, you go ta action. Gary is one of the foremost his record is the whole airline record to never lay people off i think thats a clarion call to washingt washington if gary has to do layoffs, there are other
And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its kind of this, you know, upper range above the year to date break even level it is about 1 , 1. 5 up from this level in the 3400s. People say maybe represent an upside break
Was up by better than 5. 7 also watching whats been happening here with the treasury market in the United States. Keeping an eye on those things and youll see that right now at least it looks like a ten year is yielding 0. 689 just below that 0. 7 that we had the last couple of weeks. What was that i dont know. Im trying to explain this. I could make up a bunch of reasons. Because were reopening its the same thing over the weekend. New records were hitting the states where they were talking about more than 10,000 cases a day coming in and here you are watching the markets this morning saying yeah, okay. I was just listening to Worldwide Exchange and by the time he got done talking we should be at 10,000 on the dow look at whats happening and this, that, gaps here that are it can all end badly. At this point, this is really serious when you got this many people obviously that have passed away from the disease remember at one point i said we need a reality check i think that overall, may
Caseshiller report, home prices up 3. 5 in april compared to one year ago, compared to 3. 7 gain in march all right. Lets bring in Carl Quintanilla. Yesterday or over the weekend, traveling to vietnam, you saw a bit of some of his teases and reports, but hes there in a place that, of course, carl, has become so central in the discussions of trade that we have on this desk every day with jim in terms of changing your supply chain, so curious to see what you have learned in the time youve been there in terms of how easy or difficult that actually is. Yeah. David, youre right. It is funny, you know, we talk about it at the desk all the time, and then you get here on the ground and see what is happening in real life because this is not something that companies address directly or specifically you and i know we have read the transcripts and the Conference Calls, they say were looking at it, were going to study it, reports that others may or may not be studying, expatriating supply chains ou