The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19
For the country and the economy with ian bremmer who says we should be thinking in terms of three years. Plus, well speak with Kevin Durants Business Manager about the lockdown of the sport. 59 minutes left of trade iing. Lets focus on the big stories mike is tracking todays Market Action near the highs of the session. Phil lebeau watching boeing dragging down the dow. David faber covering the executive shake up at at t and kayla on the latest round of government stimulus. Mike, first you on what were seeing slight gains, still lower on the week an upward drift here in the afternoon, but as you suggest within the range, obviously just consolidating r very, very big really historic magnitude of a rally we saw during march. April rather weve come right here, 28 20s is an interesting level in late summer its kind of rushed up last summer we were afraid of some kind of perhaps tipping into a mild recession. Here we are looking at a vastly worse recession. The earnings picture is very opaqu
Lineup of guests coming. Federal reserve vice chairman will join us exclusively in a few minutes for his first interview since last weeks fed meeting. Well also pespeak with the ceoo human there is a and a massive afternoon of earnings headlined by disney, ea, beyond meat and activision and well peek with actvisions ceo ahead of his Earnings Calls after the numbers come out as i said, were at 1. 9 with 59 minutes left lets moex fowlkes on the big stories. Meg has new developments on the treatment and vaccine front but mike, lets kick things off with you in the markets yeah, another day of fairly orderly levation in the indexes. Today its a broader rally even though its been led by the big tech stocks. A chart of the s p going 50 0 going back a year, were back up to the upper end of this crash levels last september, october, sort of going back to early 2018, an area where we gave a little friction to the rallies, but clearly, a market is acting as if big investors feel u underexposed to
Headlines are moving stocks much higher were going to dig into those. And driving the action this week, media disruption well get the Details Behind hbo max, friday is the launch of appletv plus, and disney plus launches next friday so all of this week on closing bell, were going to take a deeper dive into the strategies, investments, and personalities behind the changes happening in media. Today, well talk to billionaire, ted leansus, the owner of Washington Wizards and capitals about the value of live sports thats all coming up after the bell its going to be a very big show here today and joining us for the hour is stephanie link fr stephanie, it looks like today is kind of steady as she goes, it seems like we have a deescalation of the trade war and fundamentals of earnings actually moving some stocks. You hit it perfectly, actually good start to the week trade tensions seem to be easing a bit. Earnings so far, 50 of the s p 500 have reported. Theyre beating by 2 , i know against a
Tech sector higher and the Federal Reserve Decision Just days away with an Interest Rate cut firmly expected by wall street joining uts for ts for the hour lindsey bell perfect day to have you because you are the sort of earnings scorecard keeper things feel a lot better than they were expected going in. Absolutely. This was the busiest week of earnings so far this season. But what was surprising to me is hear from all the companies talking about the outlook. I was expecting them to cut numbers sharply and most reiterated and even raised guidance of course there is a few that cut and took things down because of uncertainty around trade and other things but i thought that it would come from a more Broad Spectrum of companies. The themes that we can take from this week it seems that consumer geared companies doing very well. The great Big Tech Companies that weve been valuing for five years or more proved that that is why that they basically have great businesses what are we going to see