Court panel on monday and will bejoined by Court Panel on monday and will be joined by creators who make their living on the platform. Department ofjustice lawyers will follow with the governments view. All the parties in the case have asked for a ruling by mid december, that would give the Us Supreme Court the opportunity to take the case up before any potential band could take effect. Joining me now is grace nelson, analyst at assembly research. Grace, welcome to the programme. Just tell us more about what will happen today. Sure. Today we are expected to see two different versions of a case by out about the law at the centre of this disagreement. The us government will be for the first time she giving us a look into those national security concerns under which they are proposing to ban tiktok or the divestments of bytedance from the app. However, from their perspective, we will see them try their case on the grounds of First Amendment or free speech protections alleging that the us
The move in Interest Rates, the impact, if any, it could have on that tech trade. Josh, ten year, 78 basis points, 30year highest since june is this going to be a big risk for that growth trade . Im not sure. It certainly could be. But heres the way that i think we want to think about this. If you go back to february of 2018, that is when the curve peaked, right . Then we had several scarce where we thould we would have a thought we would have a yield curve above those levels but were not there and every time we gotten to that level weve had a big fade what i do think is happening now that is notable, theres a big catchup under way, Small Cap Value is on fire Small Cap Value of 5. 5 over the last three days and large cap tech is not giving up much while thats happening it possible you could have both things working at once i still think that if you get the big cap tech names hanging up there toward highs and not serving as a source of cash and then you get this big catchup trade in the
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
All that and so much more on making money. Charles it is another late summer session for the stock market. To the untrained eye looks a little indifferent, right . Perhaps an owed to the final lazy idyllic days of summer, you know what . By the way, before we have hectic fall but there is something going on. There are a lot of narratives. In fact history is being written and rewritten every day in these markets. The resolve in the face of the coronavirus. Uncertainty, resistance really for the Global Economy still partially locked down. It is amazing because the older stocks dale hi improving fundamentals but new crop of hot stocks, new hot stocks, in plain sight too good to be true which brings me to the stock of the day. Zoom, i think you heard of it, right . What could arguably be argued one of the best quarters in the history of business. The videoconferencing call Company Posted results that just annihilated wall street estimates. Revenue up 355 . Operating margin 42 from 14. Free
No abuse of power, there was no such thing as collusion between the Trump Administration and russia. There is also new information tonight about susan rices email declassification and why she mailed herself on Inauguration Day of 2017 about a january a 5th oval office meeting, a meeting at which president obama and senior obama err a rah officials talked about the radical dems effort to target the into coming Trump Administration. Today superrices representatives susan rices representatives told fox news that rice was directed by the white house come, neil eggleston, to, quote, memorialize that meeting before thed a managers left the administration left office. Rices attorneys made the very same claim back in 2018 in a letter to Senate Judiciary committee leaders. In that letter, however, rices attorney wrote, quote president obama and his National Security team were justifiably concerned about potential risks to the nations security from sharing highly classified information about rus