With the reality of inperson classes amid the pandemic. A surprise cfo shakeup is sending one stock at the center of the coronavirus sinking and tesla and when it comes to electric vehicles. Evs. You are watching Worldwide Exchange here on cnbc good morning. Im dominic chu in for Brian Sullivan today stock market indicating modest moves. You have moves with the dow implied higher higher by 26 and by just about five points. This is after the s p 500 after multiple tries and record high since february from that march 23 bottom to yesterday marks the end of the shortest bear market in u. S. History at 148 days. A 35 drop for the s p and 55 rise to those record levels we are right now. The s p not alone. Continuing to outperform coming off its 34th record close of the year just yesterday. In bonds, the 10year currently sits moving a little bit around 6. 5 or 4. 1 as the fed prepares to meet the minutes from the policy position later today. Let us go worldwide. Geoff cutmore with us with th
Deal. No let up in germany. Angela merkel ruled out further loosening of measures after europes largest economy records the biggest spike in cases in four months. Asian stocks trade mixed following a fresh record on wall street. European futures point to a positive open. Good morning, everybody. Welcome to the program this wednesday morning. Lets have a look at terms of breaking news. Notes coming through mace maersk. The fullyear numbers, 6,000,000,0007,000,000,000. This is new guidance coming through. That is interesting in itself. The guidance we previously had in the year had been withdrawn by this business which operates 20 of the world container fleet. They are giving us this new guidance here. Looking at the underlying profit numbers for the second quarter. This is the backward looking part of it. The underlying profit data is 359 million dollars. They have done better than the estimates. We will be speaking into the management of maersk later on in programming. We have u. K. Ct
Depressed demands. Rwe raises after a 2 million euro capital increase. Thank you very much from the bottom of my heart thank you all. It means the world to me and my family ill see you all on thursday thank you. Thank you. Thank you. Joe biden officially wins the nomination and vows to end the chaos of the Current Administration as he takes aim at President Trump a warm welcome to street signs. Lets take a look at european markets and how we stand the hour into the trading session. 6 representing losses for every region, every sector we are looking at gains overall. Gains across some of the regions at one point, nearly ever trading sector was moving higher fairly muted fed Meeting Minutes later today. Thank you youll be interested in this here i am at the wall having a look at the s p 500 and this movement weve seen in the equity markets even though people are concerned that we may not see a vshaped recovery when you look at what is happened with the s p 500 here, you get the sense tha
Country. Vice president pence rejected the radical dem suggestion that, quote, democracy is on the ballot this november and offered this contrasting and much brighter message the economy is on the ballot. [applause] law and order is on the ballot. [applause] our most cherished ideals of freedom and free markets are on the ballot, thats why we need four more years of President Donald Trump in the white house lou President Trump afterwards giving his own rousing kickoff speech. He appeared in high spirits. President trump using the crowds chants of four more years to troll the radical dems and, of course, the leftwing National Media. [cheers and applause] four more years four more years four more years four more years four more years if you want to really drive em crazy, you say 12 more years. [laughter] [cheers and applause] lou President Trump also warning the delegates about the radical dems continued push for unsolicited mailin voting, declaring that would open up novembers election
Surging sales at consumers as consumers pour money into Home Improvement. How long can that last in and investors yanked in Different Directions as the biotechs working on covid19 vaccines report both good and very bad news. My colleagueses, ben levisohn is, carlton english and jack howe. Guys, its great to be back from vacation. Did you miss me . Absolutely. [laughter] this much. Jack more than that. Come on, jack, i caught fish bigger than that. There we go. So, ben, good news while i was gone, i guess, the s p hit new records, nasdaq hit new records. But oddly, more stocks went down than went up. How does that work . Well, really this is apples stock market. It went up up 8. 2 this week and was responsible for 60 of the s p 500s 0. 7 gain. Its doing all the heavy lifting here, and its now a 2 trillion market cap stock that makes up for the fact that on a day like today just over 200 stocks were positive, almost 30 were down 300 were down on the day. Its quite remarkable. Jack so wha