Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdow
State of michigan and the Ford Motor Company by not wearing a mask as he pushes for things to return to normal. Thank you for joining us at 07 00am on this friday may 22nd, im James Fletcher and im darya folsom and were heading into memorial day weekend and Santa Clara County. Is heading into phase 2 of relaxing its restrictions for cod19 today allowing retailers to open for curbside pickup. Im really the last in the bay area to do this roll this out this relaxation also they were the worst hit in the bay and harvey standing by live in san jose with more on what we can expect coming out. Of the south bay today reyna. Good morning. A lot of progress being made out here and i want to show you the business behind me bella james a local boutique here they actually have signs it took a picture to show you what side they have at their establishment. So this one talks about wearing mask. Another sign over their talks about the importance of making sure that you call in so you can order they a
Opec agreed to extend its cuts through july amid positive Economic Data and demand is about to return to the market and carter worth says it has gone too far too fast. Carter, take it away this is a poor area of the market for a long time and it collapsed here with the covid news and has recovered lets look at a few charts and figure it out. The first, of course is the table and if you look at the ten sectors and it composed with the s p 500, that which is down the most is often that which is down the most and so you can see the stacking order here and energy is up almost 100 followed by Consumer Discretionary almost up 60, of course, by amazon. Home depot and others and the s p bringing up the rear at 46 look at two charts and look at the xle, versus, the etf dominated by chevron and exxon and the 40plus percent rate and this is moved, 22 to about 44, but what you can see quite clearly is that were up against a fairly welldefined downward trend in effect for the past two or three year
Root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies have to close up. Cities and sta
Levisohn, carlton english and al root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies