From apple yesterday plus, jim, fedex and adobe to kick around from last night. Wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. Now, this is rather amazing, carl why . Because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96 of the growth is e com and adobe because its how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of ecommerce to the home because of the pandemic so how can there be such a structural thematically strong story behind ecommerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think whats really convincing here with fedex is that theyre talking about how theres actually a weak economy in the S
Cleanest days moving forward. Heres a look at the north bay. Look at this. We have napa and ukiah and sensitive groups and everybody else, okay. Until you get to san rafael, oakland and then look at livermore and go down to redwood city, fremont, san jose. Just keeps getting worse as you head south. All the way down to the monterey bay. Heres a look at sfo this morning. Fog in the north bay and smog for the rest of us. Temperatures going to be a little bit warmer as the upper levels like they did yesterday continue to get brighter as less smoke is up there. Ill let you know where less smoke is down where we breathe, coming up. This is day 29 of our spare the air and a doctor told one of our reporters its like smoking eight cigarettes, even if youre a nonsmoker. That is the kind of stuff youre putting your lungs through every day. Amy hollyfield with how people are continuing to cope with this bad air. Amy . Reggie, another day to keep your mask wardrobe you have your pandemic mask and
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
3 yesterday so it is the year to date momentum names in technology and large cap growth that are taking things there cloud stocks, the Broad Software group, ecommerce, all those baskets are up 2 or so today, so you know, at a time when people are unsure about the fiscal package getting through and maybe what the pacing is of the domestic economy, kind of the old reliable move is whats working for now but as you say, the Broader Market is kind of on the softer side for the start. Julia, a bunch of Technology Names that have dipped their toe or maybe a couple of legs into media also higher this morning looking at amazon, up 1. 5 , alphabet up a little bit more than that. Netflix itself, which is all in on media, of course, up better than 1 . That trend continues and of course, we have to point at tesla, those shares up about 5 and just look at tesla, up 290 year to date, john, just really striking in the context of Everything Else today. Yeah. Needhams chris wrestler is going to join us
Coronavirus is taking legal action and the possible connection to a summit at President Trump resort. Stanford reserve reverses course on the Campus Housing plan. The lastminute switch that could leave student scrambling. Millions of people are being forced to pay for apartments they will never live in. Good evening. It is happening all ro country near College Campuses right now. We take a look at why so many students are finding it impossible to break their lease for the fall semester. Definitely it has been draining. Reporter she thought she would be moving into this Apartment Building Near San Jose State University next week. Because of the pandemic, all of her classes are now online, and she no longer feel safe sharing a room, so she moved back in with her mom in long beach, but she is still on the hook to pay rent in san jose. I will be repaying the balance and i have no choice. She is paying rent at home because her mom lost work because of covid19 so she is picking up extra shif