Billion market mystery thats how much facebook added in market cap today. The reason not entirely clear many pointing to the launch of reels, the answer to tiktok. We should point out that news was out yesterday morning. Facebook shares today surged 6 to a new alltime high so guy, whats your take on this move well, i have no idea why it moved like this. Id be lying if i said i had an answer i will give credit to karen because shes been on this something we said, you go back to the middle of june. I remember this when rei, north face, patagonia came out and said they were pulling their ads for a month. I remember saying youve got to pull the rip cord on this. Theyre the first but theyre not going to be the last that proved to be correct. On june 26th, the stock traded down to 207, cratered and then closed higher on the day something we said is and ill say it again, theres nothing about facebook i like in terms of the platform and ill continue to say that this reversal tells you all you
Miami is extraordinary. Francine it is. What we are seeing in the u. K. , ester 10 daysc ago. It seems authorities have a better handling to track and lockdown onng this this city instead of everything. Very different in the u. S. Where cases and deaths are rising and at record highs. Tom amazing to see the acceleration in the death rate in some of these states. For our international audience, it is in america, riveted by this virus. Ritika morning. Coronavirus milestones climbing in the u. S. , new cases climbed over 60,000 in one day for the first time. Florida,lifornia, Record Number of deaths. New york city events requiring permits have been canceled through september. The u. S. Is set to take the next step in a battle with france over taxes on technology giants. The u. S. Will impose tariffs on 700 million in french goods including wine, cheese and handbags. Biden has laid out a plan that will make americas economy better than it was before, he says. To boostdate wants manufacturi
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
Holla Frank Holland. Stock futures are hovering arnt flat after a lateday rally yesterday as investors brushed off continued increases in covid19 cases around the u. S. The nasdaq leading the charge rising nearly 1. 5 to close. Its the 25th record close for the index this year. Take a quick look at the bond market, the 10year yield trading around. 65 . Well go worldwide now karen cho is in the london news room with the overseas action. Well get to karen in just a minute well get worldwide in just a minute first, lets get a check on this mornings top stories. Of course, a lot going on with the economy. Covid19 openings and reclosings well continue to keep a close eye. Right now our leslie picker is here to join us with more. Good morning. Walt disney world will resume selling Theme Park Tickets and taking Hotel Reservations today. The Company Announced the move yesterday after suspending the sales amid the coronavirus outbreak disney will open the Magic Kingdom and animal kingdoms this
Local drycleaner. How that industry is trying to get back on its feet it is wednesday, june 24 this is Worldwide Exchange here on cnbc good morning and welcome wherever in the world you may be watching here is how the markets and stock futures are setting up they are downright now about 186 points remember, futures at this hour can move around rapidly. Well keep checking in the question of the morning or month, quarter or year is whether stocks can continue their remarkable run the nasdaq their eighth session low. The dow up 19 up 31 on the nasdaq 100 just this quarter continuing to focus on technology and the runup to increased investor concentration to fewer and fewer names stocks like amazon, microsoft, google, facebook counting for 22 of the s p 500 total market cap that is the biggest, smallest slice in the history of the markets. The fewest Companies Account for the greatest weight in the history of the modern American Market four of those names are trading once again at alltime