Long time venture capitalist bill gurley joins us to talk about the path forward for Tech Startups and a new normal. Committee by a tommy autonomy, we will hear from an exclusive interview coming up. Are hearingtocks losses today as a fresh round of stimulus has been affecting the stocks. Lets bring in abigail doolittle. This has also touched the Biden Campaign and senator Kamala Harris and a couple of her aides. How does this impact today . Abigail there were so much movement. On the open, you had all of the major averages down. This has to do with the resurgence of the virus in europe. I would argue that that was the main bearish factor for the day. As trading went on, the cooler heads prevail. The s p 500 is a little bit down. There is a greater than 1 loss. That index is more domestically oriented, so that would support the idea that there were fears around the european virus cases. The bloomberg commodity index, a big piece of that copper, a big piece of the economy. Some investor
High. It is still heading toward its Third Straight winning streak, up 65 points. S p better by 22. The nasdaq up 148. You could argue that the dow and the s p are hamstrung by some serious weakness in financials, particularly regarding citigroup. That stock is taking a hit right now. Its down about 4. 7 . We are watching all the financials. Goldmans down i believe we also have Morgan Stanley down and some of the other big names. Tempest fugit when unveiling more than a dozen new offerings. Apple time flies event just ended with multiple bangs. We will start with the sizzle but theres a lot of steak here. Lets get with the apple watch to begin with. You got to do the colors, right . This is sort of the lighthearted stuff. Blue, a new blue, a new, i dont know, kind of rose gold watch, theres a bright ferrari red, you can see that right there. Then sticking with the sizzle, they hired an artist who came up with customizable faces for the new sixth generation apple watch face. It is calle
His message, law and order and warns of economic collapse if his opponent, joe biden, wins the presidency. Biden taking a page out of the trump playbook, pushing a med in america plan for jobs. Coming up you, ill be talking with devin nunes on the Ongoing Investigation into spying on the trump 2016 president ial campaign and who could be held accountable. Senate republicans introducing a 300 billion coronavirus stimulus bill, democrats say this skinny plan does not go far enough. Beware, you could be exposing your personal information. Weve got the biggest mistakes you could be making when you get rid of that cell phone or laptop. Plus, reality tv will never be the same, the kardashians 14 year run coming to an end. Mornings with maria is live right now. Global markets this morning green across the board. Take a look at european indices, the fq100 us up 1 , the dax higher by 134, england moving to curve coronavirus spikes, banning special gatherings social gatherings of more than six m
Over to you. All right tyler, thanks very much. All three of the major averages are hanging onto their gains in the month of may tension escalating with china. My theme is still intact thats a broadening of the rally. This is in stutter steps you get a day like today where you pull back a little bit but not numuch obviously, some of the china etfs, thats first one down today on concerns about whats going on in hong kong. Look at the leadership this week russell. Its been bank stocks and Energy Stocks oil is on the downside thats what i mean those groups have been leadership stocks here look at these china stocks we did get alibaba thats down concerned to whats going on hong kong what was down, transports, russell down the nasdaq, the big tech names is under performing this week. This is rotation this is broadening out of the market that trend continues if you look at individual secto sectors, banks were behaving horribly they are outperforming this week so the Energy Stocks even though
A slew of corporate earnings role in over the next few weeks. Ibm withdrawing its forecast. Have netflix for you tomorrow. Tech this morning buoying the markets. Is taylor riggs in new york, who has been following all of the back and forth. A wild day. Nasdaq up and down. Taylor firmly in the red on the closing bell. Nasdaq at one point in the green, then turning red solidly, off about 1 . What is going on in the oil markets. To goinute, i will try through some of the technicalities. It is the may contract up for expiration tomorrow. If you are a holder of the contract, tomorrow, you have to take delivery tomorrow. Thehad a massive selloff in may contract, at one point settling down at 37 per barrel as traders tried to unsettle may and roll that forward into the june and july contracts. A much better indicator of where oil is trading at the moment. A much better indicator but barrel. Ess 37 per it will be all about june and july going forward. Go tone contract could about demandl destr