Investors seem to be more optimistic as Congress Continues to work on another federal relief bill. The president at the bottom of the hour scheduled to deliver another news briefing. This as tensions between the u. S. And china continue to escalate. The u. S. Has ordered that the chinese consulate in houston, texas to close china to close. China is calling for the u. S. To revoke the decision and is warning that the u. S. Has more diplomatic personnel in china than vice versa. Joining us to break down the market avenue big the Market Action are Abigail Doolittle who has following who has been following the action. Abigail tesla delivered. Considering you have the stock of more than 280 on the year going into that report. Before we look at that stock specifically, it has been another interesting, slightly choppy day. More sleepy at the end of the day. We saw this late day surge climbing. Not huge gains. We had stocks of flat. Nasdaq down at the end of the day. This s p 500 higher. This
Has a safe haven . Taylor i have been seeing that. You take a look at the companies with great free cash flow, balance sheets, expanding operating margins. You take a look at the nasdaq 100, or the big tech, today was the exception, but coming into this, six of the last seven days, the nasdaq really gaining. Faang today outperformed even though it was lower. I have heard that tech is providing a little bit of a defensive position when it comes to the health of the balance sheets. Apples another Company Really leading today. In the in six of the last seven days, apple has gained more than 1 in every day. Share, it to 350 per saying the iphone 12 could start the road to recovery. He is confident that the eye of the storm is now in the rearview mirror, at least from a demand and supply chain perspective. You are seeing apple, some of the other big tech stocks really leading on hope and optimism. Emily meantime, big news potential in the food delivery space. Ubermmond reporting that has ma
First the headlines, Rupert Murdoch is putting his son to succeed him as the head of his media empire. Ashas named his oldest son the nonexecutive chairman of news corp. And 21st century fox. Embroiledr son james, in the phone hacking scandal, will become cochief operating officer. Twitter has filed in turkey to have the sixday ban lifted. Of refusingaccused to comply with court orders to remove posts about government corruption. Twitter said it never received those orders. It is a war of words between Michael Arrington and google. He is certain google accessed his Gmail Account after he broke a major story on the company a few years ago. Who will denies the allegation. We have never done this and it is hard to imagine circumstances where we would investigate a leak in that way. Sure is a crushed down about 10 . Crushed downcandy about 10 . Is jpmorgan the lead underwriter on this deal weak and not able to support the price of the market . We did talk to the ceo of. Ing digital he comm
A start up, fieldglass, and sap has spent more than 12 billion as it tries to become a bigger player in the cloud market. Amazon is cutting prices for its cloud services. Prices will fall as much as 61 . This comes after google cut prices on its cloud products yesterday, and amazon introduced amazon workspaces. And filing for an ipo, a company that helps measure spending, tubemogul. They posted a loss of nearly 7 million, but they expect to raise 75 million. And to the lead story of the day, candy crush maker king with their biggest decline for a newly listed u. S. Company in more than four months. 15this drop comes despite the 15 . Fact that king was actually priced at a discount to some of its competitors, like zynga. We spoke with the king ceo Riccardo Zacconi earlier this morning about whether the shares were just priced too high. My focus is not on the prize at this second. Our synergy is longterm synergy. By focusing on the longterm, we create shareholder value. I think we are in
A check of the headlines. German giant sap is pushing deeper into Cloud Computing with lass, and sapieldg has spent more than 12 billion as it tries to become a bigger player in the cloud market. Amazon is cutting prices for its cloud services. Prices will fall as much as 61 . This comes after google cut prices on its cloud products yesterday, and amazon has amazon workspaces. And filing for an ipo, a company that helps measure spending, tubemogul. They posted a loss of nearly 7 million, but they expect to raise 75 million. And to the lead story of the withcandy crush maker king their biggest decline for a newly listed u. S. Company in more than four months. This drop comes despite the fact that king was actually priced at a discount to some of its competitors, like zynga. Ceopoke with the King Riccardo zacconi earlier this morning about whether the shares were just priced too high. Prizefocus is not on the at this second. Longterm synergy. By focusing on the longterm, we create shareh