Kristina. Reporter we had quite a day today with markets looking for direction but you saw all three major u. S. Averages closing in the green like jackie mentioned. You saw nasdaq hit an alltime high. S p 500 as well as the dow closed for the third day in a row in the green. You had a lot of big tech movers as you know but that led nasdaq higher. I want to focus on two particular stocks. Taketwo interactive had earnings. A big beat. They showed a lot of people, pentup demand for gaming as well in purchase games and you have amd, advanced micro devices, their stock climbing higher today because jeffries did increase the price target from 86 to 95 but there is it still come weakness across the board. A major news story, microsoft about the potential purchase of tiktok, because of that volatility, because of regulatory reviews, that weighed negatively on the stock today. You can see it was down over 1. 5 . Then weve got kodak since were talking about regulatory review, kodak shares we sa
We have seen a lot of ups and downs in the Latino Community. None more stark than the last 3. 5 years. Donald trump his administration have pursued an allout assault on latino communities, from the moment he came down that golden escalator saying he was going to take on the mexican rapists. It started the moment he announced his presidency. Feeding the flames of fears and racism against latinos. It is baked into every aspect of how he has governed. This week was an especially poignant reminder of the terrible consequences of allowing that kind of hate to grow unchecked. Butought we could defeat a, it only hides under the rocks. When a president breathes oxygen in, it comes roaring out. On monday, we marked the oneyear anniversary of the tragic mass shooting in el paso where a gunman explicitly sought to target latinos and 23 beautiful lives were stolen from us and their families. I know what it is like to lose a child. It is awful. The stakes of trumps irresponsible policies, of divisi
Board, again, trying to challenge the tesla hold on the market. Wm has a factory in shanghai. Lets check the markets. Risk off on the u. S. , falling 2 on wall street on the back of concerns about u. S. Jobless claims. The virus, above 4 million cases now in the United States. And as we said, concern that the economy in the u. S. Is in trouble. Screen, read on the broadly across the msci asiapacific, down. 6 . On the mainland would just talked about the proposed ipo by wm motors, small caps setting off more than 2 as we get for the end of the week. Ong kong looking attractive to investors, it seems, down. 2 percent, up despite concerns highlighted earlier. Weakened byyuan. 1 , currently around seven in terms of the offshore yuan. The aussie dollar and the japanese yen, looking at that as well, the 10year basis point, 58 for the 10 year as a result of the risk off we had at the end of the day on wall street. Chinese, 2. 91. Gold at 1. 46 in terms of the goldsilver index, and philadelphi
Nice trifecta reports for snap, United Airlines and Texas Instruments. Jew julia, take it away. With snap meeting expectations on earnings and beating expectations on revenue, while subscriber numbers came in half a million lighter than expected, what is is putting pressure on the stock, you see its down over 6 , is guidance that snap is planning for t addition of 46 million daily active users the company also saying its combined cost of revenue and operating costs will grow at percentage rates in the low to mid 20s year over year compared to last year the company says these increasing costs are because its investing in longterm growth snap did not give any revenue guidance but said from july 1st through july 19th snap has seen 32 Revenue Growth theyre cautiously optimistic that these trends could sustain over time but theyre cautious that trends are volatile and could deteriorate. Ev evan spiegel saying Certain Industries have benefitted from some of the covidrelated circumstances. Sn
Taking new steps to address income and equality and Environmental Issues and apples tarring 2 trillion stock getting a downgrade to fight through that record valuation. This is Worldwide Exchange here on cnbc good morning, good afternoon, good evening im Brian Sullivan you are watching cnbc. Futures are flat should pick up the next couple of hours well call it flat groundhog day for stocks on wednesday. Another day, another record. Six Straight Days of gains they went above 11,000 for the first time ever. Not to be outdone, your first session in a row this could be your rbi we have 17 s p 500 stocks up 50 this year. Lots have done that. This is up 50 on the year the single best performing stock is dexcom, a wearable device to track glucose. That stock has nearly doubled year to date lets get you trade to the top stories from the show that just ended moments ago. Amazing how quickly you do the turn around. Anything to make it on to wex. Looking at sterling. Rallied to a fivemonth high v