Of a point, call that flat. The gains in the techheavy nasdaq are way more interesting in this final hour because they come about an hour and a half after the department of justice hoisted a sword of damocles over the social media sector. The doj has proposed new legislation that would make Silicon Valley giants from twitter to facebook to google liable for content thats posted online that violates federal law. Our floor show traders are here to tell us if doj danger is now the cue for you to take your tech profits and run. The Housing Market in full bloom as States Reopen and wouldbe homeowners resume their quest to fulfill part of the american dream. The ceo of mortgage Lending Software giant reveals what hes seeing in the Mortgage Market as rates remain at historic lows. Time to refi . Well ask. General motors flips the script from making cars to transmissions to medical supplies needed to fight the coronavirus pandemic. How about that. Well, the chief engineer running gms productio
Its going to be quite warm philadelphia, a cluster of the rest of the bay clear. That dry breeze, what happens is and then it will linger not just i got an alert about this for today, laura, but the next infections along i5 which it creates lower humiditye we g traffic incident from nbc bay several days. Stretches throughout california. Some of the increases across the youre right, if you have area. Thats right, mike. Anything to do that involves u. S. Are in counties which have authorities are not yet Outdoor Activity like working identifying the four people who mark we start to get critical. Out, get it out of the way now. Died in this horrific crash last more relaxed social distancing remember the three components. Its 5 00 a. M. , morning workout night. This is on the approach of the the wind, low humidity and the since memorial day weekend. Sounds good to me. According to Johns Hopkins carquinez bridge when chp says hot temperatures. Were going to be monitoring walnut creek, clear
487. In part because of a big move in the dow in boeing as it gets ready to test that 737 max for recertification. The s p and nasdaq is higher but by lesser percentage gains theres 10 million global cases of coronavirus half a million deaths. The daily case count here in the u. S. Hitting a record high over the weekend. Well have more on that. Facebook, a big laggard today. Down 10 in the past week as big advertisers, its up today as big advertisers pull millions of dollars from the social media platform power hundred lunch starts righw thanks the the dow and s p jumping back into positive territory for june and on track for the third month in a row of gains now. Lets head to dom for more on these markets. We need a few more hundred points to get back what we did lose on trading. Dow industrials 25,505 is right know hovering near the highs of the day the s p 500 a relative laggard thats whats driving the dow today. Check out whats happening large caps versus small cap stocks we talked
Housing market the Housing Market has been a strong part of the economy and also boeings 737 max test flight looked like it went pretty well. That stock is up nearly 10 . 59 minutes left if trade. Yeah, helping the dow outperform today coming up on todays show, etsy is major winner at stay at home trade. Shares doubling this year. Well ask Josh Silverman, sooce how theyre using the platform and well talk to larry kudlow about the rise of cases in the United States and the Economic Impact some states including just moments ago new jersey pausing their reopening measures as we stand, the s p 500 is up 1 lets focus on the big stories mike santoli is tracking to days market rally we have the details on gilead which Just Announced pricing for the coronavirus treatment. And julia has the latest on facebooks growing advertising boycotts mike, lets start with you and the broader markets. A tidy little bounce today. Getting back a portion of last weeks losses. Really concentrated on the smaller
Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is