Territory in a single trading session. For some, it was even worse than that check out shares of apple down it lost 180 billion in market cap. That is the largest oneday lost for a u. S. Listed company on record if that isnt enough to get your attention. Apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s p 500 it wasnt just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. Microsoft down by 115 billion amazon off by 93 billion. This morning, things look a little better. You still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. We have to keep that in context a few things in here as well talking to people all day yesterday, here is the list. Youll want to know exactly what happened it was the nasdaqs largest drop you dont go up 400 and down that will be highspeed trading. That would matter until they do. Va
Twitter makes a move for tiktoks u. S. Assets. The u. S. Imposes fresh sanctions on hong kong officials. The worst is over despite the oil giant reporting a 73 drop in Second Quarter profits. He has been arrested over colluding with foreign powers. They have been searched by police lai is the most high profile detention since the legislation was imposed by beijing in une. Police raided the offices of the newspaper and took away boxes of materials. Shares surged today quadrupling at one point it is Retail Investors behind todays stock moves that are not motivated by Company Fundamentals they recently reported a 58. 8 million loss for the year in a Facebook Post one financial kol or key opinion leader said he bought 1. 2 million shares in the stock in a show of support for apple daily and free speech. He then sold some for a profit but kept some shares to be eligible to take part in the companys agm scheduled for friday President Trump donald slapped sanctions on 11 hong kong officials.
Company. Elon musk returns to twitter to taunt his critics. And washington approved sanctions on china over hong kong as a Top White House adviser says the u. S. Is increasingly unhappy. New trade restrictions could be on the way. Lets look at how we are setting up in asia for that final trading session of the week. To trackstocks are set wall street as we assess the latest job numbers from the u. S. We did see some sluggish data indicating the pace for hiring maybe cooling as the virus spreads. Just keeping an eye on that. Ae index could be headed for weekly gain that could massively sway sentiment. We have retail sales to from singapore and Inflation Numbers from thailand, along with a pmi reading from china. Overall, we are set to end the week higher after thursdays event. Settledg futures have lower after the index cap the biggest rise in three months, let higher by property names and chinese brokers rallied as well. Financial markets have been resilient in the face of with the ruc
Even saying we would lose 9 million jobs in may in the report which show us this, they forecast the Unemployment Rate to rise to a depressionera level of 20 . They could not have been more wrong. God help them, many seemed shaken to learn that once again the president who has withstood plots to destroy his candidacy to overthrow his presidency and then impeachment in the deadly contagion of the debt chinese virus that has staggered thise incredible economy in the worlds greatest nation. The Labor Department today reporting that employment stunningly rose by two and a halfmillion in may, the jobless rate instead of 20 declined 13. 3 . In those incredible positive numbers serving as a testament to the resiliency of the American Worker as well as the president s push to safely reopen the economy and the nation that had been virtually shut because of the china virus. President trump understandably ecstatic about todays news and he held a News Conference in the white house rose garden, he c
Good morning. Good morning. The hearing on the senate labor and Pensions Committee will please come to order. We want to thank our staff for working through some technical difficulties this morning and thank thean senators and our witnesses who are joining us from around the country in various offices where we are all following the attending physicians protocol for safe us whoing and those of are here Wearing Masks on our way in and sitting 6 feet apart while we are here. Senator murray and i will have an Opening Statement then we will turn to our witnesses for of about fivets minutes each, if they could please summarize them, there it ais. Senators will each have five minutes rounds of questions and we have a vote at 11 40 so we will need to finish this hearing by about noon and all the senators will have had that time and chance to ask theires questions. The question for administrators of the 6000 colleges and universities is not whether to reopen in august but how to do it safely. M