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
Boost the recovery. Larry summers says the coordinated Global Response is needed. And airbnb books an ipo in new york, aiming to list shares on the nasdaq. Booking through september a total of 18 billion. Although it admits covid19 continues to affect the business. Lets take a look at the asx. More than normal when it comes to the australian soft market after it had the data disruption out. Yesterday was the longest outage in about a decade. Of course, it meant australian traders missed out on the bulk of the days rally. Only trading for a halfhour. We are seeing a pretty modest start, less than 2 10 of 1 higher at the open. Perhaps some caution there could be more technical difficulties. We are seeing gains when it comes to trading in new zealand. Nikkei future setting off on a bad foot as we are seeing some profittaking. It does look like the vaccine driven optimism and the rather we saw overnight will continue, with s p active futures in the positive. Shery we have breaking news at
Good afternoon we begin this hour of power lunch lunch with continuing breaking news President Trump, as you surely know by now, testing positive for the coronavirus confirming via tweet late last night, early this morning that he will begin quarantining with the first lady who also tested positive the market is lower right now but off the worst levels of the day and you can see dow futures immediately sunk early this morning after President Trump tweeted. We have paired back those losselosses quite substantially at this time lets get straight over to shepherd smith new developments this afternoon since we learned that after midnight the president and first lady have tested positive. Were told both have mild symptoms and are in quarantine at this moment at the white house. The Reelection Campaign announcing minutes ago that all of the president s Campaign Events are being moved to virtual or postponed we learned last night that the president s close adviser hope hicks tested positive f
Later, a Bed Bath Beyond stock handing in one of its best days ever one of our traders says it could be headed even higher from here. We start with a developing story out of washington. The next round of coronavirus aid apparently hanging in the balance. Lets get right to it with ylan mui. Reporter the house has begun debate on democrats 2. 2 trillion relief package with a vote expected later on this evening. Five Straight Days of negotiations between the treasury secretary and the speaker of the house nancy pelosi have failed so far to produce a compromise the white house has propose aes 1. 6 trillion bill but those numbers are still far below what democrats are willing to accept. Pelosi also pointed to business and child tax credits as another major Sticking Point in a statement her office said that the two sides discussed further clarifications but distance on key areas remains. Chuck schumer put it even more bluntly. He said, they are not in agreement yet and there are lots of area
As well as declines in cases across the u. S. Not just big tech winners, jawdropping moves for individual stocks. Roku up 11 . Dicks Sporting Goods up 15. Urban outfitters up 20 weve got them all covered for you. 59 minutes left, what is set to be another record close for s p and nasdaq all we need is a positive finish kayla, welcome. Thank you, sara thank you for having me. Feels like record finishes every senile day we have a great lineup of ceo interviews coming your way on the rest of the show well me with the head of Toll Brothers about his companys strong Earnings Results and whether the Housing Market can keep topping expectations over and over again plus shares of crocs you heard me up. Up 300 just since march we will ask that companys ceo what is driving the foam footwear boom. And also the ceo of etsy says amazon is trying to wipe out its competition by supporting a New California Consumer Protection bill he will join us to discuss that and much more. Its a big show today. Bu