Flat for 2020 as tech continues to lead the gains. Financials and utilities amongst the worst performers today coming up on todays show, we will speak exclusively with sap ceo Christian Klein about his companys efforts to develop a coronavirus Contact Tracing app and what hes hearing from customers about the state of local business and the earnings reports will come fast and furiously this afternoon highlighted by lyft, grub hub, tmobile and well speak with tmobile Ceo Mike Sievert ahead of his companys Conference Calls just after numbers cross. The big stories we are watching, mike santoli following the volatile trading action, Steve Liesman with a look at the economy and another sobering jobs number today, and deirdre bosa is covering uber and lyft mike, start us off the s p struggling to stay in this zone for the past few weeks. This is a oneyear march its flattened out since april is it resting, rolling over . Its a bit of a standoff i think people are saying right now its preserve
We begin with the most important week of earnings season. More than 130 s p 500 Companies Reporting results including three big fang names, facebook, amazon and google. So we thought we would play a game the good, the bad and the ugly in this weeks tech reports. Of those names facebook, alphabet, amazon which is the good, bad and ugly. This is a new game. Old song. Yes classic song any of the actors in good, bad and ugly why do you ask me oddly enough, im glad to be here on a monday very excited to play this new game the way you line them up on the screen is the way i would line them up in my head the good is facebook why is that . The bad news theyve thrown at it doesnt matter. The stock made a 50 correction when it traded down on 164 on huge volume. I dont want to like it but i think it will retest the old highs. The bad amazon not necessarily the quarter will be bad but the price action might be we pushed up against those levels we saw in september i believe of last year 2025. There
Big debts being made either way. Holding steady after a midday auction. Then there is nvidia. Its always notable again. Following the big friday fall. Some key earnings in overtime tonight. We will get you set up for that, too and just a little bit. Investors should prepare for an even bigger momentum meltdown. The self i had of Investment Strategy is here with me. Nice to see you again. You, too. The big question is whether the momentum trade has run out of steam and now we are going to see this rotation. What do you think . If were talking about the momentum trade is the magnificent seven of 2023 and the big tech names that brought us into 2024 then yes, i think it has already run out of steam. I think that ship has sailed. Youre throwing the curtain down already . There was one day for nvidia. Im not done yet. Momentum. If we talk about momentum in the terms of risks appetite momentum, thats so here, alive and well. Everything happening right now may be the precursor to Something El
Literally lining up to pay their 2018 property taxes. Are we in there somewhere . Do you hear christie made moves today. Did he . He did. In his last couple of days in office yes, apparently well tell you whats going on with that and whether its worth it to pay your property taxes ahead of time because of the tax bill thatll be very interesting. But lets start with how companies are going to be impacted by this tax law, number of corporations have released the impact that they will see, Morgan Brennan has going through those filings, she joins us now with the latest details, morgan. Yeah, thats right, bill, finally getting some hard numbers regarding tax reform or at least i should say the Immediate Impact of tax reforms. Companies readjust their Balance Sheets among the immediate or near term winners which expects the bottom line boost of at least 250 million in the forth quarter, german auto makers expect to see net profit wind falls for 2017, they did add it couldnt quantify the tax
Would it be a mistake right now . And we do expect big news from tesla during power lunch. It could move the stock. Mandy is off today but were happy to have melissa lee join us from the nasdaq. Well get down to her in just a moment. We begin with the big story on the American Housing market. Some really bullish new data but how bullish are they really . Diana olick in washington with the startling numbers. Di . Reporter well, tyler, its bullish depending on your take. Home construction took a big leap in june up nearly 10 from may but it was all driven by the multifamily apartment side. Renter nation rocks on. Singlefamily Housing Starts were down just under 1 in june from may, up 10 from a year ago but thats not really saying much given where we were a year ago. Multifamily is where the party is at. Starts up nearly 29 for the month, up 55 from a year ago. Thats where the good news is because weve been talking so much about skyhigh rents. More supply should help to ease that burden f