59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Peter navarro. It has been a huge swing s p futures up, nasdaq up by 62. The nasdaq up seven sessions in a row. S p is up. Watching for the month of june, all three of these is up on track to be the third month in a row taking a look at treasury yields youll see the 10year is yielding 0. 715 . Crude oil up above 40 for the First Time Since the lockdown in early march. Getting to the story it has been a wild ride overnight. Last night on fox news, white house trade advisor Peter Navarro responded to a question about the china trade deal saying it is, quote, over. At that point, futures plunged about 400 points but then recovered after he later clarified his comments saying it had nothing to do with the phase 1 trade deal which continues to be in place. He was speaking to the quote lack of trust of the Chinese Party after they lied about the origins of the chinese virus. President trump posting a tweet saying the china trade deal is fully in tact. The lesson is that the move is a good re
We start with the 1. 1 trillion countdown, amazon, microsoft, apple, all reporting next week and the stakes couldnt be higher guy, we kick it off with you, which of these tech titans will you be most focused on hello, mel. And when carter worth is back you know fast money, its almost back 100 . Its great that cbw is back. For me its amazon next thursday this is something weve been talking about for a while and while you were away and one of the things we talked about collectively is how well amazon was trading and amazons rallied 50 from the load we made seemingly a month ago. Well see if it bores out and i think you own it into earnings on thursday. You pull the rip cord ahead and you look to reenter the position at 2170 which if you recall was the high we topped out in february. Thats how im looking at it, and thats how i think you trade amazon next week. Amazon is a microcosm, tim, if you will, of the trends going on right now in this pandemic when we have the work from home trend w
Project like this . Mr. Ballmer yeah, its an effort we started about four ago with me trying to actually understand our better. Nt by the governments own numbers. How big is the government. Come does the tax base from, what what do things get spent on and what are the outcomes . Said lets use the discipline that a company would shareholders. To the securities and Exchange Commission requires a factual 10k reportled a and we started out on the journey and weve really learned lot by sorting through numbers not only at the federal level local the state and level. And what about the need for realnumbers, real data, facts, in the middle of the kind of situation that the country is the coronavirus epidemic . Mr. Ballmer its more essential ever and well suffer with some of the other problems we see with government data. Timenment data has a hard staying current, staying recent. You look at historical numbers on the Affordable Care act and medicaid. Theyre two, three years out of date. Right n
U. S. iran relations. I should stress these events are strictly nonpartisan and not intended to offer any kind of policy, recommendations, or agendas. Therapy meant to give greater insight into how we got to where we are, which we believe helps us to understand how we can solve problems. A few thanks and then over to allen. The Melon Foundation funds building program. We are grateful to them. The room has been booked by chronicm congressman consequentnellys o. I will turn it over to the moderator of this event. Most of you will find these index cards on your seats. The intent of these is as the discussion proceeds, if you have questions, write them on these cards. We would collect them after formal remarks and use them to initiate the discussion, all right . Think about that as they are giving their remarks. Allen . Thank you, dane. Good morning. In 1941, the influential publisher henry loose declared that, in his view, the 20th century would be the american century. A time when americ