More on all of this massive stock market volatility with 59 minutes left of trade. Coming up in the show, were down 2. 5 on the s p 500 and we have a big show coming up for you today were going to talk about all of those things that you just mentioned. We have former cisco ceo John Chambers coming up were going to talk about the comments from President Trump about potential decoupling between the u. S. And china and you will not want to miss what he has to say he previously used to run major Multinational Organization that operated both in the u. S. And had a small part of the business in china and then on todays selloff, you want to hear from Mike Novogratz the ceo and founder of galaxy digital. He said there was a frenzy in stocks he called for major selloff and what do we have on our hands now . Well hear what novogratz has to say now. Lets get to the big stories that were watching. Mike santoli is tracking another rough session for the market phil lebeau is following major moves in
Record close and we know why. I have to tell you this was just a parade of both American Ingenuity and strength there was a time when i was listening to brian i shouldnt just limit it to amazon every Conference Call last night with the exception of google was incredible the power of these companies is extraordinary and i dont think that we can actually brian ol staff ski when he talks he is the cfo of amazon, when he talks about the idea that basically we didnt know we were going to make billions of dollars more than we did. Not tens of millions, not hundreds of millions, but builds what a juggernaut. Most impressive of last night. David, i have a lot of good things to say about the others and good things to say about google, but amazon thankly is a company that basically has no idea how much money it can make. Ive never seen a company like this theres never been a company like this. Well, and the market agrees with you and investors have for a long time, jim, but they have delivered o
Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
The 10year is yielding 0. 75 . Well continue to monitor that as well. We have a lot of guests today. Including dr. Scott gottlieb who will join us in a couple of minutes. J js cfo, the ceo of moderna, ceo of related companies and the ceo of zoom. All in the next three hours. Andrew an update now on the pandemic in the United States. Now more than 582,000 cases and 23,000 deaths. North has 96,000 cases and 10,000 deaths. New york governor governor cuome numbers appear to have knocked off in new york. It was an accomplishment. A heck of accomplishment those Health Care Workers for the rest of my life, i will say nothing but thank you to them. I was not sure if we could keep the tide from overwhelming our hospital capacity. They did there is going to be no ephany or morning headline that says hallelujah, it is over thats not going to happen. Well hear more from dr. Scott gottlieb about plans to reopen the country and more about Governor Cuomos gathering of states on the east coast to disc
The yield down below. 6 last time i checked, it was at 0. 597 dr. Fauci saying the first human trial testing for a covid19 vaccine is now on track calling it the ultimate game changer but that public distribution is still 12 to 18 months away. President trump was asked if the stom pile of personal protective equipment was nearly depleted. We are sending it directly to hospitals. We dont want to take it before it gets there. We asked many states to do this. Many states have people or where they make clothing, we said see if you can get it directly from those manufacturers. The president considering halting flights to hot spots in the country, which would be a shift in this batter and also potentially have an impact on when and if the economy will return to some normal si in the meantime, total death numbers have topped 5,100. Confirmed cases have topped 200,000. In new york, topping 81,000 cases. In italy, the lowest daily death toll the new number of active cases declining. The hate he