Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
It was down by 100 points more than where it stands right now put it all in financial stocks when Elizabeth Warren was the nasdaq was off about 2. 5 Vice President i have been sceptical of the the shanghai composite rose more market as it is. Nonetheless, we have other news than 3 . Though to bring you this morning. We should probably get to it Central Banks held Interest Rates steady a transaction to talk about. Over the weekend regulators raised the limit on how much they can invest in Equity Assets in an effort to break longterm funds into the market and it i should say its according certainly worked at least for to the wall street journal today. Lets take a look at the it says the deal could be announced as soon as today treasury market back here in the United States. Right now i think the yield is the ebay unit similar to just around 0. 6 for the ten craigslist operates primarily and a lot of us dont know about year i dont know if you saw that story over the weekend it primarily i
With so many investors now jammed into the same stocks, could this be part of a bigger shift. Your Investment Committee to help you knanavigate through alo this all right. Before we get to everybodys thoughts and insights and ideas, lets get a check on this market at this hour as you can see kind of like this time yesterday, we have the dow higher the dow is up 400 yesterday before sliding toward tend of the session. Were up 300 points today. Basically getting back to exactly where we were at this time 24 hours. The s p is up slightly the russell, the small cap up. Look at the nasdaq, only one of the four in the red here kate moore, you are big picture, macro thematic youve seen this befor especially on a tuesday seems to be bad for technology. Either way, do you believe that this is the beginning of this rotation that everybody kind of keeps hinting at about out of technology taking the profits, into other things or a one day thing because its got to happen some time . I think we can
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t
Yearoveryear. This, despite a huge boycott by many advertisers. Apple delivering a surprise revenue boost, growing 11 amid expectations of a possible decline. The company delaying its return to work, now setting early 2021 as a target date for the u. S. Campus. I just got off the phone with apple ceo tim cook. He highlighted a record quarter, Record Services revenue, and focused on the iphone result, which he says was better than expected after a fairly depressed first few weeks of april. Thanks bounced back he says the pandemic is likely helping sales for the iphone for the ipad and mac, but hurting iphone and wearables. I spoke to alphabet ceo who talked about the fragile macroeconomic environment. We will get to her comments in a moment. Lets start with apple. What you see . Were looking at the post market over the last few days and it has been a little bit rocky. Some of that was psychological overhang. Something very impressive on apple, they put up 2. 58 a share. That is exactly