Across america. Famed investor mario gobelli has lived through many a crisis. He is here in a fox business exclusive on how hes maneuvering his money and hes going to reveal, stay tuned for this, five stocks he is buying, one of which he just scooped up 100,000 shares of. Youve got to hear. We will give you all the names. In less than 24 hours, Small Businesses are going to line up around the nation for federal money, but theres one group of Small Businesses who may be shut out of 2 trillion in stimulus money. Venture capitalist rohan oza, behind brands like vitamin water, so many names out there, hes here in a fox business exclusive to share his advice for Small Companies getting caught up in the covid19 crush. We have been talking about zoom video communications, one of the breakout stars of the work and learn from home environment, but what about slack and Microsoft Teams and zoom . Are they stressing the internet . We have the net app ceo, we will ask if the webs plumbing is holdin
Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happened when President Trump was in front of the u. N. And talked tough on china, mark and the results from nike this afternoon would probably give some investors some hope that perhaps there are companies that could buck the trend is nikeidiosyncratic. Its been the consumer that has driven the market and the entire world not just the u. S. Is relying on the consumer the consumer has been strong and rye sell yents in the u. S. A lot of these consumer names are still strong a lot of them are hitting
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas
Are under evacuation order. The blazes are now considered the fifth largest in the history of the state. This is bloomberg. Host this is Bloomberg Technology. Cryptocurrencyr spiked during the wall street launch. The countdown continues to the servicewho will hold providers accountable if Net Neutrality is rolled back. . Eavesdropping in the comfort of your own home. Bitcoins debut. The contracts thrusted the cryptocurrency into the realm of regulators, banks, and institutional investors. To give you highlights, we are joined by our reporter in new york to walk us through the day. Reporter we saw surges in the first few hours of trading and there are Circuit Breakers in place and, if there is a surge of temper said, there is a pause in trading. 10 , there is a trade pause. Inre was an early surge volume and you can see the price action leveled out over the course of the day. That is what you see on the top and the volume is on the bottom. The total volume over the course of the trading
And the parent of this network challenging 21st century fox by offering to acquire uk Broadcaster Sky for 31 billion. The share is higher than the portion to buy sky it doesnt already own. Comcasts chairman and ceo spoke about the bid on a Conference Call moments ago take a listen to Brian Roberts. When it became clear it was not only sky for sale but that every share was potentially going to have a change of ownership, we thought now was the time to make a superior cash proposal and that is exactly what they are calling it a superior cash proposal and it is now, that proposal word is important having to do with uk takeover law this is actually a proposal under 2. 4. They need to go to 2. 7 but it doesnt mean or take away from the significance or seriousness. They just have to get their financing together they havent gotten the board approval that is all technicalities for the bigger picture, which is as carl just said, the 31 billion cash all 50 versus the 1075. Timing was the key for