Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
Of an effect we might have had. Narrator correspondent, james jacoby takes a hard look at the man who wanted to connect the world. Jacoby is he not recognizing the importance of his platform . He didnt understand what he had built. Narrator but is he accountable for helping divide it . There is something wrong systemically with the facebook algorithms. In effect polarization was the key to the model. Narrator tonight on frontline the facebook dilemma. Frontline is made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. The ford foundation, working with visionaries on the front lines of social change worldwide. At ford foundation. Org. Additional support is provided by the abrams foundation, committed to excellence in journ
Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that are more likely to put retire clorox ceo than i am to put a departing Ceo Jim Hackett on the wall of shame. They
Its possible. Nr investors weigh Economic Data against coronavirus investors anna weigh Economic Data against coronavirus warnings. Netflix shares sink on disappointing subscriber forecasts, but the Company Announces its chief operating officer will become its coceo. Bloombergo surveillance. One of the themes in the u. S. Equity market this week has been the underperformance of the nasdaq against the s p 500 after five weeks of out performers against small caps as well as s p 500. We are seeing european equities edge into the red. They started slightly in the green. Global equities still heading for a weekly gain, not getting any direction from s p, but interestingly, nasdaq futures are posting more green on the screen than s p 500 futures. The 10year yield slipping a basis point. We are steady in european bond markets, and the dollar heading for a third weekly loss with the optimism weve had about a prospect for a vaccine for covid. Lets get to first word news. India has seen coronavi
Better than 1 move for the dow. Nasdaq record highs. Big tech taking a bit of a break. You see facebookdown as well as amazon amazon, netflix and microsoft lower. If its tuesday, it must be tilman frittia calling on americas governors to show some real leadership and tell us where the goal posts are on reopening. Power lunch starts right now tyler, thanks. Its Energy Leading the way today. On track for its best day since june 5th it might not matter as much as it used. Bob has more technology stocks, 27 of the s p 500. That doesnt include google which is really a tech company or amazon which is a consumer discretionary. All together top Six Companies are 25 of the s p 500 just about. Its approaching that. Its crazy the rest of the sectors are shrinking. Let me show you what the sectors are today. Energy is only 3 of the s p 500. Now it used to be 5 a few years ago but financials have shrunken dramatically for example, it was 15 of the s p just five years ago. Industrials were 10 now it