When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
Plus, the congressional hotseat next week. What the text ceos will face in the line of fire. A halfmising to deliver billion cars this year from tesla. As they rev up the next chapter. Tech earnings continue with intel reporting after the bell, a lackluster report for the comely. Shares are down. Abigail doolittle joining us now with more on todays market action. Give us the highlights. Abigail you were mentioning lackluster are not very exciting , they missed in a big way. The stock down about 10 in after hours, plus the forecast not so great. Interestingly, usually when this the stock is already down 10 on the year so really not a great quarter. The stock is getting hit more so after hours. ,here we have some strength at t beat top and bottom line estimates. The wireless business is strong. 8. 6 million active users, a fraction of netflix and disney. You see netflix still down after their disappointing quarter. , theiris riding high competition having a little bit of a tough time. So
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Jonathan ferro and Lisa Abramovitz are off today. Joining us today is anna edwards from a simulcast. Dow futures up 62. All the politics in america. Milwaukee in a virtual convention. David westin leading our coverage on that. What i find absolutely interesting and i think london has done a better job of this is the shutting down of our economies. Our coverage of the tourism in , all the beaches in the summer, how shutdown is london . Anymore, all that much it has opened up, in theory. This is a services economy, and plenty of people, including myself, are working from home. In terms of the shut down, we have lifted a lot of the lockdown measures that had been in place. What is on my mind from a market nightclubs and aviation. Those are really driving sentiment across the european continent when it comes to our freedom of movement. It is being eroded, perhaps rightly, because of the virus. That is not good for nightlife or the aviation stocks we see under pressure. Tom we have been wat
Caroline still with us, anna barton. You were saying that really at the moment, the risk on nature is there in the market. Was it right to be . I wanted to talk about technology but it seems to fail me and i needed it. An investor who is sick exposure in a passive way should be aware of. Five isosure to top over 20 . How stocks have already outperformed and are trading at a premium. I think ultimately what you were alluding to is growth is the ultimate structural winner. I dont mean it as a style call. The names that have seen higher levels today, they can continue to do well irrespective of that cyclical recovery we are looking for because they are enabling that next leg of growth. We can talk more about the industries that we like. I think that is the ultimate decision that investors have to make, assess the and growth opportunities. Basise on an individual individual basis, we are looking at a huge percentage of stocks above the key shortterm and mediumterm averages. Here is one exa