about 12% today. another market master, am s evaluation $2 trillion for the first time ever. tech was leading now 59 minutes left of the session and we re essentially flat apple not flat. $2 trillion company coming up in just a few minutes, we will speak with white house national economic council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. later rolling out the red carpet, ceo of amc theaters will be joining us with his company s plan to brink customers back to the movies it s not going to cost you very much. let s focus in on the big stories we re watching in this final hour of trade. bob pisani tracking the fed minutes. joining us to discuss retail moves from pro forma starting with broader market weakening a bit off fed minutes. this doesn t happen very often. usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s&p 500, that s noticeable given the fed does
from tjx to l brands to bj s as they report sales better than feared. coming up on today s show, the view from the south. we will speak with atlanta fed president raphael bostic about how reopening is going in his district plus, scott gottlieb has called antibody testing a game changer. we will speak with the head of quedel and we will ask how his company s rapid diagnostic measures are up to the traditional tests we talk so often about. as sarah said, lower 0.6% but off the sessions low mike santelli is tracking a volatile day for the market. joining us to discuss big money being spent in the race for a vaccine are chris meekins from raymond james and meg terrell as always mike, let s start with you. yes s&p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200-day average look at a one-year chart of the s&p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. so it is fami
softbank vision fund. what is going on? of new reports. and 2019, the year in review. ,he plans for cryptocurrency facebook felted all. what is the strategy going into 2020? first and the top story, shares of micron up after they reported better-than-expected top and bottom line numbers for their fiscal first-quarter and the forecast strong numbers for the current quarter. gross margin is something i have been eyeballing all day. they are coming in more than 27%. at the ludlow ed ludlow is here to break down the numbers. what is your key takeaway from this report? reporter: with these numbers, that is the optimism across wall street. the memory chip market will rebound probably at some point in the second half here. when we talk about dynamic random access memory, we are referring to the memory change that goes into computers, pcs. you look at the chart, prices trade like a commodity. they have been trickling as new technology comes into the market and capacity comes into t
system as it ditches ups and fedex. the year that was. we check out how big tech companies apple and facebook fared in 2019 and how each is set up for the new year. we begin with a look at tech in the markets, most notably, semi-conductors. we see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between $4.5-$4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. matt: they are seeing tightness in certain areas. also, they are calling the bottom for memory in general. they think this current quarter is going to be the bottom of the cycle. that fits with the tightness in certain areas. and very much parallels the guidance they gave for gross flat margins, which suggest
we explore amazon s delivery system as it ditches ups and fedex. the year that was. we check out how big tech companies apple and facebook fared insystem as it 2019 and hs set up for the new year. tech in with a look at the markets, most notably, semi conductors. we see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between 4.5-4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. seen tightness in certain areas. also, they are calling the bottom for memory in general. they think this current quarter is going to be the bottom of the cycle. that fits with the tightness in certain areas. and very much parallels the groep the guidance they gave for gross flat margin