Even if all those stuff matter today which the dow lost 222 points maybe we should leave room for Something Else maybe we should leave room for leadership the kind that allows companies to transcend macro out performance. Leadership like the kind of leadership we are getting from dr. Lisa sue, the ceo of amd for those of you who have been living under a rock, lisa sue, may be the formal executive at our time she arrived to our country she went to mit where she picked up her bachelor and masters and phd, shes a total east coast heavy weight she came to amd in 2012, took over ceo in 2014, back when the stock was trading at 2 bucks at the time amd was one of the worth Balance Sheets of any publicly traded company. Lisa su is one of the most competitive people i have ever met even though her background was not engineering. She knew it before she could design new chips that was the only way to go after their arch rival intel when su did raise the money, she got everything she needed and she
This weekend, but again, these are fast moving pieces. Were looking at uber and lyft that might be exiting california because of some new requirements that they treat their freelance workers like employees. That could be a costly issue for them, so much so even though it accounts for about 60 of their combined business, the state of california alone they would still leave rather than put up with that. In new york city, forget about the virus, forget about eventually opening up gyms next week, the fact of the matter is, new york city is a safety concern right now with residents in once red hot real estate markets saying enough. It has gotten so bad theyre bolting. The visitors upon hearing this, theyre just not coming. So were following that. Right now were also following the drama in washington as at least the house considers coming back to deal with this postal issue. Chad pergram on that. What are we talking about here, chad . Reporter the house of representatives is going to meet on
Of the Oil Companies hire today. Out, it isto pointed holding onto most of its gains of the last few sessions, trading at 1729. Guy you bring up the fact it is friday. Friday is generally not good for these equity markets. European stocks are lower. We are tracking lower as we speak. We have the trouble another shifter the travel and leisure sector seeing some downside in the european markets today. We are down by 0. 7s present i 0. 7 . We are also seeing a bid today for btp yields. Weve got a rating review from s p coming up, plus the story surrounding where europe goes next in terms of the recovery funding. Pretty and conclusive that front. With got a 1. 90 yield btps coming in, so the periphery looking a little better today. Crude up by 2. 3 . Vonnie lets get some context for all of this economic data. Mckee,joined by Michael Bloomberg International Economics and policy correspondent. What is useful in the data weve got today . Michael well, im not really sure. The confidence number
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We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock