The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19
Theyre raise something 130 billion in market value between them just today. Tesla, also down 4 in the likes of amazon, alphabet not far behind lawmakers continue to work on aadditional stimulus package with new details coming out about individual and corporate ap dow down 330 points with 59 minutes left in the session, sara coming up, tech investor dan niles will be here to make sense of the late day selloff in technology stocks. With the nasdaq down 2 . Plus, well talk to john rogers about his take on the market and the areas hes investing in right now. And more earnings coming your way after the close including intel, etrade, mattel and apple supplier sky works we bring you the numbers as soon as they hit the tape with one hour left of trade, lets focus in on the stories. We have details on the increasingly heated rhetoric between washington and beijing phil lebeau has comments start us off with the Broader Market and tech especially not getting the love today tech is overheated. Loo
Good morning, everyone. Thank you for joining me today, two days in a row. And thanks to secretary esper, attorney general barr and ambassador or National Security obrien for being with me on this important occasion as many of you know. I have an important affection for our service men and women. Im a veteran myself, and heres a scenario that i think about a lot. Imagine american soldiers, airmen, marine, or Intelligence Officers on leave because of family, navy on a beach in europe. And over the course of two decades or more this soldier defended america. Then suddenly that vacation turns into a nightmare. The European Countries National Police takes that soldier into custody detaining him or her on politically motivated charges, a prison sentence abroad is a distinct possibility. A spouse behind bars for defending freedom. A son or daughter robbed of their mom or dad all on the initiative of some prosecutor in the netherlands. Making sure this doesnt happen is the essence of american
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Our nbc news exclusive with a top chinese official lashing out morning some governors are starting to lay out plans for reopening, in fact, their economies days and weeks ahead others are extending after the president raises the stakes demanding china stayathome orders. Compensate the world for the at least 11 states now are personally reopened. Virus. It should have been stopped we can also tell you six states, including florida, texas, and at the source, china. It should have been stopped very nevada have stayathome orders that expire tomorrow much at the source but it California Governor Gavin Newsom is announcing a four phase plan wasnt. Now we have 184 countries going to slowly reopen the state through hell. Here is what he told savannah earlier this morning on today. Just ahead, why the chinese im worried we could erase all the gains in a short period of time. Weve made so much process and are accusing the president of we dont want to run the 90yard blackmail. Dash new hope. You