Facebook premarket, zooming after a big gain yesterday. Its Financial Report suggested some stability returning to the advertising market. Facebook getting 98 of its revenue from ads. This company is a truly global platform. Over 1. 7 billion daily users. Stocks up another 6 this morning after a gain yesterday. Look at microsoft. Big gain yesterday, modest gain this morning. Its close to its alltime high. It says the virus had little impact on its business. Up 1 , microsoft, this morning. Its true to say these trillion Dollar Tech Companies are again pulling in a big chunk of investors money. One more for you. Tesla. Yep, another big gain. Elon musk is furious at the california authorities for keeping his fremont plant closed. He calls them fascists. More on that in a moment. Look at tesla go, 854, up 54. Overall trn overall, its a down day. The dow is looking to be down 280 points. The s p down 33, and the nasdaq, despite the success of big tech companies, thats going to be down as we
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
Help women fight back. Plus, dozens of cities are competing for amazons new headquarters and up to 50,000 new jobs. The best chance of winning and why some cities say its not worth the price. But we begin this morning with a look at todays you opener. Eye opener. Were at least as im concerned closer than weve been before. I have a very Good Relationship with steve bannon. I like steve a lot. Steve is doing what steve thinks is the right thing. And hes standing next to Mitch Mcconnell while hes saying it. Winners make policy and losers go home. Time is just about up for isis in raqqa. Kurdish forces retaking the isis strong hold. Troubles continue to mount for Harvey Weinstein. The companys board is meeting to discuss po sensualtential sale of the movie studio. A collision of two collapsed stars resulting in a huge shock wave that rippled across the universe. More people are getting to go home in northern california. Firefighters say theyre making progress but the danger is far from ove
Police last summer, he was accused of kidnapping and assualting two men over a drug debt. The News Conference is at two o clock this afternoon at police headquarters. Well stream it live at our website, ktivdotcom. Two men were killed and four other people wounded when gunfire broke out after a Mardi Gras Parade in pass christian, mississippi on sunday. A woman who lives nearby says she heard d out 12 shots ring out as people were leaving the parade area. No suspects have been named. An investigation is underway. Pass christians Mardi Gras Parade is among the largest on the mississippi gulf coast, drawing thousands of people from around the region. An 11yearold boy in tennessee has been convicted of murder in the death of an eightyearold girl. Prosecutors ay the boy shot the girl because she refused to show was playing with her friends in her Mobile Home Park when the 11yearold boy asked to see her two dogs. Dyer laughed and told him no. Thats when the boy pulled out a 12gauge shotgun