How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow and you see this, too. Arent you shocked that even after w
In southwestern louisiana, about 30 miles east as a cat 4 a storm surge forecasters say could be 20 feet deep. Good morning to you. Reporter good morning. The rain is steadily coming down here as hurricane laura moves up the coastline or state line from lake charles up to shreveport where i am the rain is coming down steadily for the past several hours this storm has been downgraded to a category 3. Many concerns remain around heavy rain that could lead to flooding and the possibility of high winds that could impact trees and cause trees to fall and lead to downed power lines and outages much like we are seeing in the southern part of the state. Shreveport is one of the places folks were evacuated to from lake charles we are here along the riverside where folks are staying in hotels to get away from the storm but the businesses here are closed casinos here are closed. The cities in the area, the surrounding area, School Districts all closed for the day as they wait out to see what exac
Were red now across the board as we show you where the major averages are down. The s p down about 1. 5 . Josh, i turn to you. A lot of hurdles to get over were watching texas and florida. The banks are under pressure because of the regulations from the fed about dividends and buybacks you have the nike news with the big miss off its earnings. You have a Tall Mountain to climb today. Yeah, i agree with you. Theres a lot of stories swirling around right now and most arent feel good for stocks the big story is the virus and its resurgence. I think thats the only thing that matters to market right now. You see it in whats working and whats not sometimes things are complex right now things are simple. Dollar tree, costco, clorox all look outstanding now even the stocks that went vertical given those vertical moves they are hanging very high and thats really impressive. They are not even pulling back for a consolidation in any significant way. Look whats rolling over, exactly what you would
At the hands of the Minneapolis Police department that death soon led to the protests and riots that weve seen taking place daily across the country and if you think the media has been able to cover whats going on without their usual liberal biased guess again watch them watch them lie to you one after the other as you watch what youre watching and you see what youre seeing and theyre telling you no youre not seeing that i want to be clear in how i characterize this just mostly a problem just trying to gin up it is not generally speaking on really the fires started and the 1st thing i want to. Be spoiled back because its been a mostly peaceful protests but then they try to move it from many of these protests have been largely peaceful mostly peaceful mostly peaceful the mostly peaceful so many good people out there who want change and who are demanding change. And leave it to the to miss falbe on television to spin things this way our country was started because this is how the Boston
We are thrilled you are with us on Bloomberg Radio across this nation and worldwide, and on Bloomberg Television as well, and on a friday as we leap into june. We are looking at any number of topics. One of the great things we know is the twitter uproar, and then the tragedy we see in minneapolis, and then china front and center. President s press conference, believed to be this afternoon. Jonathan and what is the focus of that News Conference going to be . It is going to be it is supposed to be on china, but i imagine we get distracted by domestic issues quickly. We have rebuilt this Risk Appetite in the more cyclical areas of this market in the last couple of weeks. It comes at a time when tension between china and the United States is building. I think that is a really interesting compare and contrast are that 60 minutes. Tom for our global wall street audience on television, on radio, theres no question it is a reset for june. Many people thought this pandemic would be over in june