Just moments ago we spoke with california lawmakers as tension is shifting from the state and now the focus is on bank of america which distributes most of the money. At last count 105 billion through debit cards we discovered were vulnerable to hacks. Kenny choi has been following the story and joins us with the very latest. Reporter bank of america has finally responded to a letter that was sent by lawmakers a couple of weeks ago and confirmed that approximately 200 million were stolen so far. Many questions we have asked are still unanswered. This is a very sad situation, we are talking about innocent people seeing their accounts frozen and they cant access their funds. And as weve been reported on, victims that have had everything taken from their accounts by fraudsters. It is just absolutely unacceptable that we have a bank that is not responding. Not responding to you, to me or to the people they serve. That was the Assembly Members first reaction after watching our reports about
Cases. Can the bulls hold on all winter . Amazon shaking up the Prescription Drug business with the launch of amazon pharmacy e and a lot more investors will be adding tesla to their portfolio when electric Vehicle Company joins the s p 500 in december. Can tesla maintain its dominance . My colleagues, ben levisohn, carlton english and jack howe. So, ben, interesting market this week. The dow and the s p were down ever so slightly, the nasdaq and small caps were up. What are traders looking at . Well, it was interesting, its a week that felt like it should have been a really down pretty hard. We had the treasury ending some programs that the fed has to support the economy, we had bad data the, retail sales disappointing, jobless claims, manufacturing surveys were disappointing and, of course, theres covid which continues to spread a around the country, cuff fews being imposed, new York City Schools going to remote learning. It looks really bad, except the dow finished down 0. 7, the s
Cases. Can the bulls hold on all winter . Amazon shaking up the Prescription Drug business with the launch of amazon pharmacy e and a lot more investors will be adding tesla to their portfolio when electric Vehicle Company joins the s p 500 in december. Can tesla maintain its dominance . My colleagues, ben levisohn, carlton english and jack howe. So, ben, interesting market this week. The dow and the s p were down ever so slightly, the nasdaq and small caps were up. What are traders looking at . Well, it was interesting, its a week that felt like it should have been a really down pretty hard. We had the treasury ending some programs that the fed has to support the economy, we had bad data the, retail sales disappointing, jobless claims, manufacturing surveys were disappointing and, of course, theres covid which continues to spread a around the country, cuff fews being imposed, new York City Schools going to remote learning. It looks really bad, except the dow finished down 0. 7, the s
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
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