There and that continues, at least. No rally 37 bucks. So many different stories to choose from. Lets start with oracle. Those shares are jumping ahead of the bell. Apparently beat out microsoft and walmart in a deal for tiktok and jim and i will go over this and find out what represents a deal nvidia arm holdings. Jensen huang will join us later this and verizon ceo, yeah, why not. Talk to us about that deal, as well verizon buying track phone maybe as much as 7 billion with certain targets met. Jim, no shortage of m a and didnt even get to the gilead deal give me your take on where we stand on the markets before we Start Talking specifically about this tiktok transaction. I can argue i want older people who keep saying the market is too high to cover their ears i could argue that all these deals this morning add up to a market that some people think is too cheap. The amount of money that is going into stocks that i think many people felt were overvalued is astonishing, david. And i t
Is it time to bet on stocks that thrive and rebound in the economy . Thats what todays action said. Dow gaining 359 points the s p rising 1. 47 that was easy ooh, and the nasdaq advancing 1. 1 buy, buy, buy with many of the biggest losers of the year leading the way. [ moo i say not so fast. Look, we all want to go back to normal even after we lift the lockdown, the new normal will be different from the old normal. Im tired of the cliche, normal this, normal that. Things have changed for starters the new normal is less investable i dont think it makes sense to fall into the gap of Carnival Cruise or attend live nation concert. The streets roared theyre compressed springs given how far theyve crashed, i think theyve got more legs to them hey, if i were a Hedge Fund Manager id do these stocks by tradein state by state openings if i were an investor like you, i would let them run if i was stuck in them, then escape for the stocks well be talking about later in the show. You have to unders
If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting ready to go on vacation, a lot of other traders are and very happy to be a somewhat normal august day here. The s p 500, very narrow trading range. Only 13 points. Got a little droop in the middle of the day. Stan fischer speaking exclusively with Steve Leisman. Some interpret him to be a little more hawkish. I didnt hear it but the markets seemed to react that way. Down just a little bit. Very narrow trading range, 13, 14point bottom to the top. Volume is heavy but declining. Heavy for august but
Crime. Bernie sanders has endorsed Hillary Clinton for president. The two former rivals appeared together in New Hampshire today. Theresa may has less than two days to build a team to rescue the u. K. From its worst little political crisis in more than a decade. She replaces David Cameron as Prime Minister tomorrow. China is calling a landmark ruling on the South China Sea null and void. The hague has ruled china has no rights to the resources within its borders. China claims territorial rights two more they can 80 of the South China Sea. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Coming up amazon prime day a , couple of hiccups right back memories of last years online reviews. Did the ecommerce giant deliver on the muchheight global sales bonanza . Plus google underwater . Linking organ to japan. It is not the only major cloud player looking to the seabed f
Rights to the resources within its borders. China claims territorial rights to 80 of the south china sea. Global news 24 hours a day powered by 2600 analysts and more than 100 20 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Amazon prime day a couple of hiccups right back memories of last years online reviews. Can they deliver on their global sales bonanza . Plus google underwater . Its not the only player looking to the seabed for faster service. We will dig deeper into the subsea cable industry. And the u. K. Unplugged . Writtens decision to checkout of the eu stokes fears of a major tech exodus . We will ask oracle ceo mark hurd for a fiction. First to our lead amazon prime lead. New numbers on the lack of success on amazon prime day. Sales were similar to last year. Sales in u. K. Are up 12 . Shares of the everything stored shares of the everything stored dipped earlier in the day on reports of lackluster numbers. The Second Annual oneday sale event