Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Means, what healthy competition means, julia, in this era that were in my take thus far is that theres been a difficulty applying kind of legacy, antitrust law to technology will new ground get broken here because congress, as we learned in elementary school, makes the laws absolutely. And theres been a lot of talk about the need for new, different types of laws. But jon and carl, what i think is really interesting here is the question of how much of todays hearing will really focus on the antitrust issues, which are the purported focus here, and how much will we hear other criticisms, other questions about the likes of hate speech, manipulation, voter manipulation and the spread of misinformation on these platforms such as, you know, youtube which is owned by google as well as on facebook so i think there are a lot of Different Things at play here. While antitrust will be at the center, carl, dont you think well see this veer off into other directions as well yeah. Thats sort of my qu
Struggle just to keep up. Look. I think that all of these have one thing in common. They all believe that the future is a little bit better and a little bit faster to come than many of us believe it is rather remarkable to see a consensus overnight from companies that basically say, you know what . Darn covid full speed ahead that includes boeing boeing has what i regard as being a very bullish scenario involving good cash, involving the possibility of returning to much more flight in, lets say, the next year. And even after 1,600 flights of the 737 i dont think theyre going to call it maxx anymore i dont know i think were growing to have a hard time keeping us down today unless faang keep us us down because the hearings go badly. We have a couple of guidance. Ebay the other one that raised guidance. Starbucks had a lot of things to say analysts recommend stocks its an exciting time. In a lot of ways, youre with a tesla call it turns out tell la sla is goi be a big car company thats no
Quarter gdp. All coming up at 8 30 a. M. Eastern and investor reaction. Reaction from u. S. Labor secretary Eugene Scalia, hes here live at 8 30 a. M. Eastern. Ahead of the numbers, markets mixed. Markets surged yesterday but this morning dow futures up 75 but the s p and nasdaq futures negative. This on top of yesterday when the dow closed above 25,000 for the First Time Since march tenth with big rally yesterday at the close on wall street. As you see the dow industrials up 553 points at the close yesterday, nasdaq was up 72 and s p 500 yesterday up 44. President trump versus social media. White house reportedly set to take executive action to hold companies responsible for stiffing free speech and the Michael Flynn controversy deepens this morning. Attorney general william barr announcing brandnew investigation more unmasking, looking at what happened before and after the 2016 election. Plus major travel destinations returning, las vegas resorts ready to welcome guests once again, d
Alphabet, the stock higher after reporting a quarter that is under way. We have full Team Coverage under way and gene munster is listening in on his phone, and lets start out with deerd deid bossa. Im sorry guys just on the call right now the cfo was just talking and i was listening so intently because she was talking about the Second Quarter and shes seeing some signs of commercial activity recovering and she said it would be too early and too premature to make any kind of conclusion or talk about how durable that may be. Going back to the results the ad revenues were hit and perhaps not to the extent that wall street was expecting and they echoed the comments that cfo made saying that it was a tale of two quarters, strong at the start and then ad revenue declined he also struck an optimistic note saying he had reasons to be confident. Have a listen. Let me just explain that to you. He said he was optimistic because as they saw after the financial crisis in 2008, one of the strongest