Kelly, so remember last week we were talking about how value was outperforming growth last week that lasted exactly one week today were back at the old pattern and its basically growth and technology virtually over Everything Else theres the dow flattish on the day, but s p 500 still trying to get over that 3032 hump not easy to do, but tech overplaying, the investments, the bank stocks all did very well last week theyre a little lower today amazon had an awful week, down 8 last week guess what, its regained a good part of that loss today. Alphabet, apple and facebook all on the up side the trend is were back where we were the work from home stuff tends to do very well. This happened since that june 8 high we hit, so the pelotons and zoom videos of the world doing very well. What we call the reopening stocks, the travel and leisure stocks, are not doing very well, and we saw this last week fairly consistently for a while earnings, were about 10 through earnings season. We have about 10
Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
Sara eisen. Good morning. Happy holidays. Happy holidays indeed getting closer to christmas morning. Thats trading on the markets. Well come in in a moment. Travel alert things slowly starting to come back online at atlantas heartsville jackson. More than 1,000 flights were delayed or canceled. The timing couldnt be worse well have more on that in just a moment first, lets get a check on the Global Markets this morning. Weve got green arrows really across the board as u. S. Equity futures point to a higher open dow futures are up by triple digits right now indicating an open at 138 points higher. S p 500 futures poised to open 14 points higher the nasdaq poised to open 51 points higher. This, of course, after record closes for all three of those indexes on friday as everybody is sort of focusing on tax reform and whether lawmakers will pass that through before christmas this week. Absolutely right. Fridays section slightly flat on the week as a whole up over 1 the s p is up less than 1
Sharply yesterday. Today a knock on gains, ftse mib leading higher in italy, 0. 89 . The german dax up 0. 3 . The ftse 100 up 0. 50 . Its maybe a focus on brazil, argentina coming into the discussion of late. Heres crude, up about 1 on wti, 49. 84. Brent up to 53 bucks. Nat gas up 0. 2 . The tenyear note at 2. 118 has moved up nicely. Now 2. 247. Youll take it in this kind of environment. And the dollar which has weakened substantially over the past couple of weeks hanging around 97 1 2. Its down about 0. 4 this morning. Finally gold. See how the yellow metal is doing. When will we add bitcoin to the board. Theres gold, down about 0. 10 . Good question what color is bitcoin . I think its gold. I have no idea. I thought it was an image of a gold coin. An image. It doesnt really have a color. Its a virtual theres all these other coins, theres icos now. Instead of buying a share of a company, you can buy a share of a currency from one of these cryptocurrencies. Well have one of our disrup
Biggest amount in seven years. Largely because of President Trumps pro business agenda. We have the full details on how it could impact your business coming up. Meeting with saudi Arabias Deputy Crown prince. This is on the heels of opecs new report showing conflicting data on saudis Oil Production. Saudi arabia directly reported to opec it increased Oil Production in feb to 10 Million Barrels a day. This conflicts with the secondary sources that saudi Oil Production decreased. Lets bring in brenda shav schaeffer from georgetown, university. An issue thats hurt oil prices before we go on to saudi and opecs impact and that, of course, is u. S. Inventory levels. Is that a genuine fear for oil prices . I think we have to look at the short term and the long term. The short term, obviously were seeing this is having a huge impact on the oil price, a very big dip down to november 2016 levels. So its the saudi data, the confusion about the saudi data and also the u. S. Inventories. If we look