Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
On that. Charles, thank you. Whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. New vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. The nasdaq, back above 11,000. We are at 11,044. The s p is moving higher by 1. 33 after two straight weeks of selling. Oracle says its won its tech battle against microsoft to partner up with the chinese social media superstar tiktok but at this hour, Chinese Media saying yeah, but you didnt win the war. Top tech analyst colin gillis on whether oracle is getting snookered and Charlie Gasparino on those now crying crony capitalism. What does the latest Covid Vaccine progress mean to some of the pandemic stock superstars . The ceo and cofounder of okta is here on whether a return to work will cut into all the business hes done in the lockdown era. And the nfl is back and with it comes an explosion of gambling apps. One of the biggest digital sport
Tthe nationwide total now excees 42,000, more than 1,000 people have died. Health Ministry Officials say more than 4,000 people were being treated for the virus at hospitals as of last wednesday. The figure was just under 700 on july 1st. Since then patients in tokyo have quadrupled, but in terms of increase, other pleeskts have feared mmuch worse. Patients in oh sasaka jumped 20fold. The Health Minister says jjapan currently has enough hospital beds to cope, but he also says the situation needs to be closely monitored with some hospitals increasingly under strain. Some local governments are asking residents and businesses to do their part to curb the spread of the virus. In tokyo the governor is requesting barsrs and restauran to close by 10 00 p. M. As our next story shows, its pushing many establishments to the brink. Reporter its been an anxious few months when sales plunged after the government declared a state of emergency. As rrestrictions gradually ease, business was finally st
Jones industrial average up 16 points but its the nasdaq thats breaking out of 88 points on the nasdaq this morning and s p futures up 4 and 3 quarters staff largest Economic Contraction in u. S. History yesterday, another uptick on unemployment claims push selloff i didnt do, the dow industrials at the close yesterday still the dow, nasdaq and s p 500 on pace for fourth straight month of gains with industrial up on final day of july. Economic recovery, where is the economic recovery headed and what can the fed do to support it . Coming up at 8 10, chief investment offer rick is here and you dont want to miss valuable insight and commentary stimulus stale meat, still no deal with extra unemployment expiring today. President trump does not want to see election day move but also does not want to see fraud. U. S. Appeals court said to reconsider dismissal of his case. Coming up 8 30 a. M. Congressman jim jordan will weigh on latest moves on flynn, the congressmans fiery take away as well.
Now, maybe a 50yearold is, mike i dont know. Lemonis bull[bleep] if i cant figure out whats fueling this mass exodus. But i dont think 15yearolds can pay that much. And what do you pay in rent . When they quit, theyre basically saying, youre fired. Mike 3,250 a month. Lemonis oh. Kota longboards will come up short. Thats not bad. Mike no. Not bad. My name is marcus lemonis, lemonis this whole factory is yours . And i risk my own money to save struggling businesses. Mike no. We share this with the Furniture Company over here. Lemonis okay. Were not gonna wake up every morning mike its owned by our landlord. Lemonis how much space do you actually have . Wondering if we have a job. Mike we have 3,000 square feet. Were gonna wake up every morning weve been out looking at properties. Wondering how many jobs we have to do. They said, were not gonna extend your lease. Its not always pretty. Lemonis when is the lease up . Mike march. Everythings gonna change. Everything. Lemonis so, you dont h