Im jon fortt. The dow is down. 5 with walgreens and boeing leading to the down side. The nasdaq still slightly in the green. Looking ahead to a huge week tech investors need to be watching cloud, software, devices, and fitness in cloud, the period beginning next week is a time of peak demand for amazon even more so this year. In software, retailers going to need targeting tools from Companies Like adobe to bring shoppers in and keep them loyal. Devices, pcs and con soles are going to keep us watching the likes of fit and in fitness in we cant hit the gym after all that pie, are we going to hit the peloton . Thats the question . Thats a good question. Or my personal favorite, a club row class. Its a good question, john particularly as the opportunity to go to a physical gym, that is diminishing as we see cases rise across the country and more restrictions or, you know, partial lockdowns. But as you lay out the themes, im thinking of some of the companies that have spent the last, you kn
Probably the second or third day of training and basically we had an outline of what we were doing and none of it was business it was graphic violent, hate speech, sexual solicitation, sexual exploy takeitation that f stuff. Im sorry. Thats okay i just think about all the animals all the time so im supposed to go talk to this counselor about the 500 videos ive looked at today in nine minutes, and im supposed to be okay it doesnt make any sense. A spokesperson for facebook tells cnbc we work with our content review partners to provide a level of support and compensation that leads the industry there will inevitably be employee challenges or dissatisfaction that call our commitment to this work and our partners employees into question when the circumstances warrant action on the part of management we make sure it happens. We heard from the contractor cognizant which runs the facility, saying cognizant strives to create a safe and empowering workplace for its more than 40,000 employees in
First of all, that a. I. Fueled boom, dell shares surging. Nasdaq coming off its First Closing high in more than two years. And ray dalio down plays talk of a tech bubble. Plus new York Community bank corp. Is warning of Material Weakness in its accounting, and its dragging down a number of other Regional Banks. That bank stock is also down sharply. Suboptimal situation. And in the land of lawsuits, elon musk, suing openai, accusing it of putting profit before humanity. Didnt you ask him about this . I did. I did. And well cover that. But first, lets get to the markets. Obviously, a new month. Happy march. Yes. February, obviously, we had a nice run of things. Jeff marks, my partner for the investing club, happy birthday. Happy birthday. Not mine this time. What do you want to talk about as we look ahead to the month of march . Whats in your mind . I want to obviously get to the dell earnings in a minute, but just give me your overall take on where we are and where were headed. Sure. I
The stand at the google trial. Caroline we will get estate on the eve of industry. Lets check on the broader public markets. We are dictated by macros and all eyes on Jerome Powell having his roundtable. The nasdaq is up bite zero. 3 . The 10 year yield can probably take some of that rally, 12 basis points on the high side of the 10 year. The focus and where the Federal Reserve has to relay the pressure to fight off inflation. Some pressures are coming off of commodities today. This is a question of growth. Lets move on to the risk asset thats up three and 4 on bitcoin which is a stellar rally to start this new quarter with maybe some repositioning at the moment. Ed we got Third Quarter delivery numbers for the ev space, tesla and rivian fell in premarket trading. The numbers and come back and we are notably higher compared to where we year where we were. Tesla, 435,000 evs delivered in the quarter. Downtime for factors as they root tool as they retool. That impacted some of their prod
Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong