Morning. I could go on and on, mike santoli, but when i have you on the program with me why would i bother i might as well send it over to you. Set us up for the action today, particularly given what weve seen there was that rotation earlier in the week, but it already feels like theyre coming back to growth. Rotated, with he unrotated, we will we will rerotate i do think its indicative of this market that has generally speaking hesitated right underneath the all time highs. We are all looking at that its fascinating as sara and i talked about last night on closing bell we would otherwise be saying, oh, its a quiet post earnings august period, markets in a nice uptrend, s p is up 3 month to date, its supposed to be a negative week, everything looks fine, markets maybe just pausing because its had a 50 run in 100 trading days, but because we are on the verge of that number it seems to gain outside significance in terms of people trying to figure out whether thats kind of an end point fo
Owners of these apps taking effect 45. 00 days from the signing now the order involving tech talk makes official the president s calls for a u. S. Tech company to buy the social media app or it will be banned from operating in the us take tax Parent Company by dance said the action was done without due process process adding that legal action would be taken if the company did not get fair treatment from u. S. Officials the Chinese Ministry of Foreign Affairs also weighed in on the situation friday morning. Just cause enjoys abundant support until she can find little support to put its own enters the market for International Rules and willful conduct. To pilates and your temperament and if you know american users and companies who only lead to moral decline tarnished and International Trust that it you know will eventually face the contraband. So the we chat aspect is a new bring coal to the ongoing tensions between the u. S. And china now the messaging app is owned by one of chinas Lar
Your comments in there though get him to me and ill get into the panel during the show if we can do this thing together right and just as it like i guess a sign of good faith about how engaged we are with our audience today show its a topic that actually came via twitter from feisal kirmani if we can go to my computer right now he said we asked what do you guys want to see and he said yes to cover has 2020 how will it be this year for the pilgrimage well fossil this ones for you buddy this is your show now the hotch potch is known as the largest human migration on earth its been going on for over a 1000 years in saudi arabia mecca medina but this years is going to be different than any ever because of covert 19 and travel restrictions now we have a great panel of guests to talk about this im going to bring them in right now and ask them to introduce themselves to you joseph can we begin with you. Yeah i mean so joseph. Associate professor of forensic studies at some of the news believe
We ta retail sales were lower than expected autos adding to the pain with biggest names if the group or deck for earnings next week, well tell you which stocks could be set to take off later, it is apples epic battle both apple now and google kicking out fortnite out of their app stores well explain why they are doing it the fight it could spark and the crackdown on big tech that could be in the cards. Power lunch starts right now happy friday to you. Check out the transports out performing this week up 4 those moves are thanks to fedex and avis budget up double digits for the week with all the major averages up more than 50 from the march lows, its the question being heard around wall street is the market rebound getting too far ahead of the economic rebound. Were digging into the data. The stock market could recover its all time highs we went back to 1973 and looked at how stocks behaved. It takes 2. 7 years to get even this recovery probably will be measured in months the fed and co
This is boom bust the one business show you cant afford to miss for in washington coming up u. S. President general trying to sign an executive order to crack down on other chinese apps marking a new turn of the tech war between the u. S. And china straight ahead we take a deep dive into the move and what it means for geo political relations plus as so much of our lives have moved online because of the copen 1000 pandemic could we see the term internet celebrity taken to a new level well well find out we have a packed show today so lets dive right in and we lead the program with the latest on the back and forth between the u. S. Government and chinese social media apps u. S. President donald trump signed a pair of executive orders thursday that would impose new limits on tick tock and we checked the orders will ban people in the u. S. Or subject to the laws of the United States from transacting with the china based owners of these apps taking effect 45. 00 days from the signing now the