Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
That debate this hour. Look at whats leading the dow now. It would be Goldman Sachs up nearly 6 . Apple and microsoft leading the tech heavy weights they are in the poll positions power lunch starts right now thank you, tyler stocks are near the highs of the session right now with the nasdaq leading this mid day turn around lets get over to bob for more kelly, it doesnt feel like it but its been a very volatile two days i want to show you the s p 500 believe it or not, we have moved in 100point range in the last 24 hours we opened yesterday about 3320 and we had a low this morning at the open of 3220 theres 100point range. Right now were in the middle. Part of the problem is valuations we cant figure out where the stocks should be even the megacap names okay, they are up today but they have been all over the place apple has been 105 to 112 in the last 24 hours. Thats a pretty big range for the biggest stock in the United States the problem is our cash like to sap we did this within thi
The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk
3 times wanted. To marry much alive during the travel guides of the special journey to. Recognise where exactly. It was find her last car culture history of. Travel extremely. Again in the crosshairs the white house imposing another round of sanctions against the chinese tech giant as President Trump in britain news accusations that the companys equipment is used for spying also coming to take you to sway to the Coronavirus Crisis has created a tech driven business and people in britain are. Taking advantage of bargain prices the restaurant meals the government is picking up half the tab until the end of the month. Im chris cuomo in berlin welcome to the program the u. S. Department of commerce has announced it will further restrict ways access to American Technology clude ing chips its the latest blow for the Chinese Tech Company whose equipment is being blacklisted by governments around the world amid fears it could be used by the Chinese Government for espionage last year washington