The cloud numbers disappointed, if you can believe it they disappointed with 47 yearoveryear growth. Growth is slowing so investors want it perfect. Twitter is popping sharply higher. Up 8. 5 . There ad revenue number slid but what impressed investors is daily user growth, record for the second time in a row, up 34 in the june quarter after growing 24 in the march quarter , telling you that folks in the pandemic want news and entertainment. David fascinating. You mentioned earnings in the tech sector. Lets expand it broader. We are well into the earnings season. You think the markets are encouraged, discouraged, or is it coming and where they thought . Abigail it is neutral. Netflix was a decent surprise. Itself almost a nonevent in some ways. They did put up a gap profit which allows them to be eligible for the s p 500. From a broader standpoint, you were mentioning those jobless claims. Since march, jobless claims have been coming down until this week. During that time period of the
Honorable michael pompeo. The honorable pete wilson. Christopher nixon cox and hugh hue it. applause good afternoon. Im Christopher Nixon cox grandson of president Richard Nixon. On behalf of my family and the Nixon Foundation, i want to welcome you to another important event here at the Richard Nixon library birthplace and museum, the birthplace which is right behind me here. Today, we are honored to have secretary of state mike pompeo to have chosen the Nixon Library to make a major speech about u. S. China relations. Like we do so often in the library, we are going to begin our program with a prayer. Would you please remain standing and welcome greg laurie, Senior Pastor at Harvest Christian Fellowship big. applause let us all prayed together. Father, we are so thankful to live in this country of the United States of america. One thing we treasure so greatly is the freedom we have from you to pursue life, liberty and happiness. We have the freedom to speak our minds. The freedom to
Johns hopkins universitys big moments ago we have now hit 3 million in the u. S. That is reflected in the sector composition. We see it is technology outperforming, up 1 . It is those more cyclical growth sensitive sectors, industrials, energy, materials, a very hard in todays session. David which takes us back to the coronavirus, which makes sense. Gold has been climbing. Where is the dollar . Kailey the dollar is weaker. We are getting mixed messages from each of the asset classes. A weaker dollar indicates more risk appetite, more confidence about growth. Youre not seeing that reflected in gold. Gold is at its highest since 2000 10 since 2010. Clearly there is appetite on the part of investors to hedge some kind of rest if the markets are moving higher. At the same time, the fixed is relatively modest. The vix is relatively modest. Kailey we are right around 29. It is all relative when we talk about volatility. We are not where we were in march, but we are still elevated relative to
That you were giving bad dad jokes in honor of fathers day i hope that you had a very good fathers day. I hope that mat did as well all the invites. We were waiting we had the drinks ready, the smores ready, the whole operation. Did i mess up your address or something . There was nothing at that location it was like. Its hard to find on google the google maps they send you a little bit of an awkward direction. Its the wrong address. Like the phone numbers that i used to try to get. Exactly must have written the number down wrong lets start with markets this morning. The major averages are coming off their fourth week of gains the last five weeks. This is something that we have been watching closely. If you have been watching the markets the dow is more than 10 from the all time high the nasdaq as joe mentioned was closed up for six sessions in a row on friday and the nasdaq at this point is less than 2 from its all time highs we are been watching these very closely. Theyre the only ind
While on the other side the most radical members say the bill falls far short of their goals. The democratic defection showing up early today when 14 democrats voted against pelosi on a procedural resolution for the bill. The bill includes an order for the department of Homeland Security to expedite visas for Foreign Workers who want to come to the United States and be employed in medical fields. This at a time when the Labor Department reports 135,000 jobs in american hospitals alone were lost last month. The bill also provides a way for prisoners to be released should they have asthma, diabetes or be over the age of 50. Unless there is clear evidence, imagine this, unless there is clear evidence that they will harm another person. Thats quite a high bar, isnt it . The bill even giving a Million Dollars for the study of disinformation related to the wuhan virus, presumably e to study china. The white house has already issued a veto threat against the bill. Senator Mitch Mcconnell had