Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Be the next big short, real estate four reasons why we are asking that question tonight. First, the jobs market jobless claims coming in worse than expected pointing to an uptick in layoffs. Plus a stimulus stalemate, Goldman Sachs slashing its numbers in half as Congress Stalls on a stimulus package many big businesses rethink the need for large office space. When you put these factors together, is real estate a house of pain . Could it be the next big short tim . Well, maybe number five are those new home Sales Numbers that came out today that showed the exodus out of the northeast into the south is very pronounced youve basically doubled the amount of new homes in the south region from april from around 330 to 630 northeast isnt growing. A lot of these are major metropolitan areas and a lot of these are a function of the work at home. With that, i think this is something thats very, very concerning also, as with markets you have to look at the commercial real estate a function of wh
He promises to support workingclass americans and reform the tax code read Michael Pompeo notifies the u. N. Of demands to reinstate sanctions against iran while slamming european allies who oppose the move. Good morning morning and a warm welcome. There is a lot for investors to digest. Hope in the vaccine front. A rise in joblessness. The tech sector is pushing stocks. Ms asiapacific up 1 . Z q futures, up near nearly three point 0. 3 . Joblesset shrugging off claims. Tech is the right spot. Dollar index under some pressure. 10 year yields, pretty steady. That is what is going on between asia and the futures market. Now to politics. Joe biden has accepted formally the Democratic National nomination to challenge President Trump. Vote for aericans to new leadership that will overcome local division in the the current president has american darkness. Too much anger, division. Wordand now i give you my you can trust me with the presidency, i will draw in the best of us, not the worst. I
And the chaithe chair is authore basis of the subcommittee without objection members of the full committee and on the subcommittee are authorized to participate in todays hearing. To keep their video function on at all times if they were not recognized by the chair. They applied to this hearing. [inaudible] in addition participating in person enforcing the order and the to we provided the following guidance for meetings in the limited closed spaces. This is one such as the Committee Hearing for greater than 15 minutes the coverings are required and the chair will treat Wearing Masks and all should wear masks. Members who do not wish to may participate to the platform. This hearing is entitled Capital Markets and Emergency Landing in the era. I have a point of inquiry. It was my understanding based on the rules that masks were required to if speaking in the question purer cow. I just want to make sure. It is the strong preference that we wear the masks even while speaking. But that rule