Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t
Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here and then up another 12 from there, so thats a move there for the social media stocks that were watching as well, a
Higher density battery, greener, but the technological breakthrough towards that are still speculative so the market reacted negatively to that news. Right the bull case is that were seeing built today say that if you were to be able to cut the cost by 56 in three years, it would have enormous ramifications on volume, implications for margins and ostensibly positive for the stock. Cramer said it best this morning, if you were a believer going into the event, you remain a believer and if not, maybe youre not. Fair enough its absolutely true that the Battery Technologies worldwide tesla and everybody elses will continue to get cheaper and better thats a given thats just the all laws that support Technological Breakthroughs support that theory so thats already baked into the price. You know, all the disruptive capacity of the technology is already baked into the price theres Everything Else is just sexy brand, elon cult personality who of course deserves all the credit in the world he adm
Reporter good afternoon to you, melissa. Lets look at the market as theyre settling out. The dow looks like it is finishing down by 524 points. You mentioned the s p 500, that is important too, down 8 1 2 from the record high on september 2nd. 3580. You see the s p closed to 3236. You mention what dragged us down, it was selloff in tech late in the day. Well get to that in a moment. There was optimism early on in the session with respect to coronavirus vaccines, Johnson Johnson entering the latestage three trial that was a little bit positive for investors to get their heads around but again look at these dow losers here. Sales force. Chevron. Apple was one of the big ones, amex and boeing. On nasdaq, losers, fedex, amazon, netflix, align and liberty global. It was a rough day when it came to some of these stocks. It was sort of stock specific and then dragging all the indices down together. Remember this has been choppy for the last couple weeks right now as were heading in and gettin
A big move from stock, consumer launch from amazon big picture. This home in tech is about a new series of overlapping platform wars tiktok versus instagram. Sws versus aftezure julia, i would argue u. S. Versus china is shaping up to be a platform war platform war, jon, what youre saying is reciprocal trade. Were seeing this between china and the u. S. The question of whether it makes sense, safe for americans to have these chineseowned Companies Operating here in the u. S. Keeping in mind that u. S. Owned companies are not allowed to operate in china. Im talking about facebook i think its interesting to see how that dynamic plays out and this question of whether or not there should betiktok, mayb going to address that issue. Sand then apple, youre referring there, of course to this battle between epic and other companies that are participating in this new coalition. And apple in this battle over that platform. And those fees, right . Well, i am talking about that, and mike, im also t