Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar
In march and april. Yeah, and, you know, the market if you want to talk about it being the index certainly is doing that its been steady naturally the most heavily weighted stocks also happen to be the ones that are in th strongest trends they are covering up for a lot of, i think, softness under the surface. Youre not seeing this latest push higher really have the participation of the airlines and all the kind of socalled epicenter sectors that now are under a little more question about a stutter step in the reopening process. I do think the market is trying to be rational about it. Its unclear what would stop these trends, why would apple and microsoft stop going up today when they havent stopped until now except the fact that the nasdaq does look really stretched once again compared to the rest of the market there does seem to be a little bit of frothy speculation happening in some pockets of this market but thats been the case periodically for the last several weeks i guess you wou
Economic recession and geo political tensions not to mention the small matter of a looming election join me Steve Clemons in conversation with leading voices on the bottom line your weekly take on u. S. Politics and society on aljazeera. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as deaths head towards world war 2 levels could reseal stare at the all stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the 1st 4 months
I care about how the u. S. Engages with the rest of the world i cover for impulse the National Security this is a political impasse heres the cult like are we telling a good story. Really interested in taking you into a place that you might not visit otherwise and to actually feels if you were there. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economys opening up this spike the pandemic as that head towards world war 2 levels could reseal stare at the all stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how they are fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became t