And only talk about the virus, the vaccine developments, when there is not much thats new. Why do this at all on a friday evening . I cant answer that. Its good to get out of the house, i guess. Been announcement about pfizer come a couple of weeks earlier, which to be clear, doesnt appear the science would have allowed, im sure we would be talking about a different political landscape. Even with that bad timing. It is certainly an achievement for this administration to have been able to help accelerate some of these vaccines, like the vaccineng moderna into the final stages, and hopefully the level of emergency approval and access to the American Public by the end of the year. That remains a very big deal if it does go that way. Emily can you clarify for the record what pfizers involvement was in operation warp speed . They did not get money from the government, saying they misrepresented the involvement. What do we know to be the truth about that . Question, andeat its important we c
Joining me youre making a point of whether or not we need to see a reconstitution in what we have called f. A. A. N. G. We have had a reemerging. Time to look at some of the lesser known tech names and the smaller teches that are just getting started. We have two of those on the show today. A cloud air company is up big after reporting the latest quarter, and big commerce is finding its footing after its first earnings report. If youre an investor out there and you have gotten motion sickness from teslas stock lain changes. Coming up in just a couple minutes, right thats a great point, jon this year were hearing more about some of the other names you brought up but in one way i would say these are not necessarily smaller tech investors are getting nervous even though we have seen very, very good quarters from the like of docusign and c scale. Were seeing that perhaps that dont fill these excised expectations people are starting to wonder have they run up too that is a good place to beg
Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t
Said 7,000 jobs will go. Sending shares higher. Oracle takes on microsoft taking on tiktok working with groups to go up against microsofts offer. Democrats and some republicans take aim at President Trump in the Democratic Convention with a headline speech from former first Lady Michelle obama. Donald trump is the wrong president for our country. He has had more than enough time to prove he can do the job but he is clearly in over his head we have about an hour of trade under our belt here. Lets give you a sense of how the european markets are moving. I have to say there has been some improvement in the tone here we are about seven tens of one percent. We break that down, that gives you a sense of where weve seen some improvement the ibex 35, the spanish market in positive territory with the german dax a little under two 10s of one percent and the ftse and the cac trailing in their wake thank you, geoff. Travel and leisure underperformed up about half a percentage point overall. In cou
1 . 2. 1 . Ericsson right now is down more than 10 . It as well giving a sober picture of asia, saying that it may be a little bit too optimistic on profitability 2020. S for back to the main story in the United States, bank of america with record secondquarter earnings on the Interest Income despite a beat on trading revenues. Bank of america following peers lower. Here with more is the gentleman owner and finance reporter. Stocks are up, clearly not disappointing too much, but a net interest margin. The stock is up i think because the trading results are good. Fixed income trading revenue is unchanged from a quarter of the year ago and that is surprising because all of the other banks that have reported, the big banks including goldman, they had sizable declines in fixed income trading. Bank of america held on to its revenue and thats a good sign. Equities is down but sort of almost everybodys was down. So that matters just as much for these big banks in the u. S. Is what happens on