Offers a fiery review of his predecessor. Air b b filing the paperwork following a rough year for that industry intel announcing a 5 billion buy back as tech faces slumping shares it is thursday, august 20, here on cnbc. Good morning. Im dominic chu in for Brian Sullivan stock futures indicating some modest losses. The dow lower by 100 points. Thats an improvement over the last hour. S p off, the nasdaq off by about 20 points. These are losses now after chinas comments saying the country and the United States will hold trade talks in coming days after the talks fizzled. The Central Banks comments knocking the s p 500 from a new intraday high we hit the stock of the morning so far is apple, becoming the first u. S. Listed company to get a market cap of 2 trillion. Doubling valuation in just over two years. For those wondering, a 3 trillion value for apple would be at 761 per share that will happen right before the stock split. We have Geoff Cutmore in the london news room the color of t
Check out this waterspout in toefdo with upbeach day inianed but no major damage was reported. The coronavirus pandemic has given rise to a new fashion trend, antimicrobial clothing. Some enterprising designers have come up with new clothing lines using new technology they say can add extra layers of protection. The italian clothing maker diesel claims some of its new jeans will be able to disable 99 of viral activity in two hours. Were hearing a warning this morning about dangerously misplaced trust in a plant extract for curing covid19. It comes as officials tap the brakes on use of blood plasma as a treatment. I spoke earlier with dr. Alok patel. Good morning, dr. Patel. Lets jump right into it and start with the big new headline, using blood plasma as a treatment for coronavirus is now on hold. Whats the reasoning, and do you think there will be a reversal . Onaclearcut data that lly based ksore than otamthent to how rigorous the fda is at the emergency use authorization. There was
It was the big gainer. It closed at an alltime high. Tech has been leading the way. Sales force, facebook, taketwo and qualcomm at record highs you have to watch one stock in particular apple. After more than 10 gain on friday and thursday night, it closed up 2. 5 to an alltime high percentages away from hitting the 2 trillion market cap that 4 to 1 stock split is hit that price has to sit 477 not far off. Weve been talking about the pressure that has been put on yields in the treasury market. Right now, the 10year note at 0. 45 . Scott . Becky, im listening to you talk about tech and these companies. We have to get ready to talk nasdaq 11,000. As crazy as that would sound, we are on the doorstep. In spitting distance, basically. Unbelievable. Largy carri largely carried by these big five apple, amazon, facebook and alpha bes alphabet and microsoft looking back in march, would you have thought we would be talking nasdaq 11,000 by summer . No way. There is reason for it if you look at s
A bipartisan letter urging for delay in implementation. Every entity both banks and nonbanks which were not included in the cares act on the same footing can conduct the study with real life se narp owe that we had going today. Given the actions by congress, should we delay as i and my colleagues have called for and should the treasury examine the real life scenario we have gone through when kwuki inconducted study. I think that should be considered we are working on the study. The president issued an executive order with regards to each agenc looking at the rules, regulations that were waived, declined or whatever if they dont work now, why should we continue them down the road when we get out of this mess i assume everybody is doing that this accounting principle would fall in that area of we need to be looking at this as something down the road. I would agree thank you appreciate that. Theres a time and place for rules and regulations and a time and place that are nonfunctioning whe
Major breakthrough. Good evening. Im julie haener working from home tonight. Im a frank somerville. Researchers at Oxford University have been testing the drug and they say that if the steroid had been used from the beginning of the pandemic, probably thousands of lives could have been saved. 10 months is a smith has talked with medical experts today and the drug is widely available and not that expensive. Yes, frank in fact i did speak to a stanford doctor on the front lines of the pandemic who is cautiously optimistic but says she would like to see the data behind todays findings before putting the steroid to use. At Stanford University doctors in the intensive care unit treating the sickest covid19 patients are taking a closer look at the drug dexamethasone to help improve patients chances of survival. Dr. Leandra rogers specializes in pulmonary and critical care. One of the most important things about the study is it seems to help very sick patients with covid19. Reporter on tuesda