Vergiverg diverging in a different way retail is an important part of apple strategy overall, but what youre saying about the markets being down in the midst of the pandemic, it is not easing off as quickly as some had hopes, carl indeed, one last part of all of this the journal now with a couple headlines on the tape saying that china is telling the United States that crossing red lines could put the trade deal at risk. So sort of a continuation of what were talking about all week trade risk when it comes to the u. S. And china which is not a new story at all lets talk about the markets, the founder and managing partner at full cycle. Which is really focused on, ibrihim, and restoring technologies and all of that is coming to light, it is not just about whether or not people should be moving around, but whether or not people can how can this pandemic, working from home, which i think fits into your portfolio thesis, how is this playing out for you and where do you think it goes from h
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
A few moments. With the latest global news headlines. On this weeks show coronavirus half of what youve heard is probably wrong and in this half hour 2 experts will inoculate you against a misinformation epidemic but 1st as the world becomes a smaller place how do we look to the rest of the world holland cook in washington this is the big picture on our t. V. America. We got lots of reaction to last weeks show Rush Limbaugh even squat about it if you missed it click u s a optics where youll find all our shows on demand at youtube dot com slash the big picture on. T. This week a quick follow up with the benefit of a globe trotting perspective we always try to tap into whenever he is home here in washington john said leads his principal a Trilogy Advisors here in washington specializing in Government Affairs Political Communications and geo Political Risk management his clients include the u. S. State Department John is a popular speaker and you can search you tube for his ted talk ameri
Alphabet apple price target up to 300 couple upgrades at nike, goldman. A lot of research to the up side. Facebook and google in particular have been in the penalty box over regulation concern, trying people in front of congress, having to answer questions. As that was going on, we saw earnings hold up i had the question how long before the numbers outweighed some sentiment while the upgrade seems to be happening. Speaking with all of the market strategists dayin and dayout, they talk about the new trend of cyclical growth, not new per se, but some of the themes theyre focused on while these companies play into that theme. Interesting timing with the upgrade. Seems like theyve seen Sundar Pichai assuming the role as one that would lead to Brighter Future for the company you know, also in terms of valuation, seems like thats another thing that they look at as being a net positive. The other element, facebook in check by the hsbc call that says 40 of market cap could be at risk. Definite