Flat for 2020 as tech continues to lead the gains. Financials and utilities amongst the worst performers today coming up on todays show, we will speak exclusively with sap ceo Christian Klein about his companys efforts to develop a coronavirus Contact Tracing app and what hes hearing from customers about the state of local business and the earnings reports will come fast and furiously this afternoon highlighted by lyft, grub hub, tmobile and well speak with tmobile Ceo Mike Sievert ahead of his companys Conference Calls just after numbers cross. The big stories we are watching, mike santoli following the volatile trading action, Steve Liesman with a look at the economy and another sobering jobs number today, and deirdre bosa is covering uber and lyft mike, start us off the s p struggling to stay in this zone for the past few weeks. This is a oneyear march its flattened out since april is it resting, rolling over . Its a bit of a standoff i think people are saying right now its preserve
Futures up by 253 points this comes after the dow was up yesterday by 230 points. The s p up by 27 points and then the nasdaq up by 92. The gains we saw yesterday were happening even though you continued to see pressure on yields in the treasury market. See how your Energy Prices and that did move stocks in the Energy Sector higher yesterday but again the idea that china is now basically confirming what President Trump was saying, things seem to sound better than they did last week for sure. Hearing both sides come out and make the arguments have been helping the futures this morning. They kind of said were not going to immediately match the new additional tariffs that he was right. So actually we would like existing tariffs to be going down. But both sides are willing to compromise and negotiate and thats a pretty significant deal. But it was their initial matching of the ones that he did. Yeah. Even though they really cant unless they raise the number they cant really match it anymor
Altogether after a promise labelled as for the birds by the head of the institute for fiscal studies. Even so, rishi sunak has reiterated that ambition in a subsequent interview. Income a subsequent interview. Income tax thresholds remain frozen, dragging ever more people into the tax and into its higher tax brackets. Is there anyone to vote for. 7 if you believe in lower taxes or an enterprise economy, i will ask my excellent political panel. While pensioners may fume, are being penalised in a budget that favoured workers , some may favoured workers, some may welcome the chancellors help for the arts. Andrew lloyd for the arts. Andrew lloyd webber says that the governments decision to fix theatre tax relief at two generous rates of 40 and 45 could drive transformation change in the sector. Chief opera critic at the telegraph, sir Nicholas Kenyon, will discuss that with me. That lover discuss that with me. That lover of the stage, Stefan Kyriazis, has been looking at how the theatre is
Mixed, kind of nothing actually. Isnt that funny. All minimal moves. Lets call it a complex more or less in europe flat at this point. 10year note yield, we had the big employment number on friday. Didnt really see that Much Movement though, did we . Its funny, i spent a lot of time talking about the bonds on friday on mad money, the old days what it would have been been like and it would have been selffulfilling and were we have a great economy so you know rates have to go up immediately. It did not occur and its a different pattern but weve seen for the past 30 years. Lets get to our road map this morning, well get back to the bond market in a bit breaking news in new york city, an explosion near the Port Authority bus terminal during the morning rush hour. There is one suspect now in custody. Plus, the bitcoin boom, the futures on their first day of trading, they are surging. And well also have an update on qualcomm and broadcom and importantly shots fired from elliott this morning
It wasnt paint, but it might be just as hard to remove. The big mess drivers discovered on their cars at a Public Parking garage. Cbs 2 news saturday morning starts right now. Good morning, it is 6 00 on this saturday, april 9th. Im an disree a grim es. Im tony iello. The days stories are straight ahead. First, meteorologist Vanessa Murdock a with a look at the forecast. A mixed bag, vanessa. Yeah. A little bit of a raw day out there. Were not just talking unseasonably cool temperatures, but rain and snow as well. So, yes, it is going to get messy out there. We expect the wet weather to begin about mid morning and it will be snow for some, but a wintery mix for most. Lets take it off to the radar right now so you can see whats happening out there. Rain to the south, but temperatures in and around the city, points east will be a little too warm for just snow. So heres how we see the day breaking down, 7 00 a. M. Out there, things are still dry. But heading towards mid morning, 11 00 a.