The world. We will talk to the head of a major new jersey hospital that was on the frontier a few months ago and still are. Well find out what theyre seeing there and look at how covid has crushed urban real estate power lunch starts right now thank you, at thtyler. Markets are starting with a nice alley and broad base every sector is higher, except Energy Technology leading the way, up more than 2. 5 hi, bob. Seema, its a rally but look under the hood. Theres a very progrowth bias to this. A lot of the reopening stuff is not doing as well. Were getting what i call a big cap meltup here look at this, facebook, amazon, alphabet, microsoft and the volumes have been on the heavy side for this particular sector, mega caps. But only there lets take a look at some of the other stuff, some of the other what i might call workfromhome beneficiaries. Your costcos, your pay pals, and all of the chips are up here today. This is that pro growth bias you talk about look at stocks that used to benefi
A big move from stock, consumer launch from amazon big picture. This home in tech is about a new series of overlapping platform wars tiktok versus instagram. Sws versus aftezure julia, i would argue u. S. Versus china is shaping up to be a platform war platform war, jon, what youre saying is reciprocal trade. Were seeing this between china and the u. S. The question of whether it makes sense, safe for americans to have these chineseowned Companies Operating here in the u. S. Keeping in mind that u. S. Owned companies are not allowed to operate in china. Im talking about facebook i think its interesting to see how that dynamic plays out and this question of whether or not there should betiktok, mayb going to address that issue. Sand then apple, youre referring there, of course to this battle between epic and other companies that are participating in this new coalition. And apple in this battle over that platform. And those fees, right . Well, i am talking about that, and mike, im also t
Saw. When i saw you you were on the al um rock bridge overpass over just thank you. They had just gotten folks off of the freeway, this was one of the ways that they were protesting was by halting traffic and i thought it was really important for me to be there to witness it, to be part of it, to stand in solidarity with our folks who are protesting, but more than anything to stand in solidarity with the country that is in mourning over what we saw the horrific video where we all witnessed a murder take place. And i took my son who just turned 17, its important for him to also be a part of happening. Its a movement that is taking place all throughout the country. The outrage thats being felt is real and it comes from it comes from a very deeprooted place of pain. The historical i taken place re whatever section you want to point at. The Police Department is one that were now dealing with because of what we saw, but this comes from a place of disappointment, of great despair, of feeling
Investors move out of tech into the cyclicals. On the day, there was a sharp leg lower because around 11 00, stocks up. 2 , now down. That came on the news the florida covid19 cases rose 2. 4 yesterday relative to the previous seven day average of 1. 6 . The fear everybody has around the idea that will these protests and a reopening in the United States because despite or second wave, perhaps improving i think their cases were little bit above yesterday. You can see the reaction in stocks at this point. David one day does not make a trend make, at the same time we are all on tenterhooks to find out what happens in the states that opened up earlier than others. Airlines, we have airlines bursting back, saying maybe air travel is coming back. Abigail American Airlines very positive and that is helping the dow transport traits to the positive. American airlines boosting their flights in the air. Many saying millennials are willing to get back into the air. That could help a beatendown are
More green shoots are being seen in the American Economy. Well he show them to you. It is monday, may 11th and this is Worldwide Exchange right here on cnbc good morning, good afternoon or good evening, welcome from anywhere in the world youre watching im Brian Sullivan thank you for starting your week with us here on cnbc lets get a check on your monday morning futures. Dow futures up just about 40 points we are coming back backtoback solid sessions for stocks, the dow was up 450 points on friday. And it capped off wall streets first winning streak in nearly a month. Even thousagh it is early mornig this may be the most eyeopening stat youll hearle all day with the recent rebound the nasdaq 100 is now only 5 from its alltime high. Onethird of that index is up 25 over the past year think about that, folks. A Global Pandemic, nearly global lockdowns and the nasdaq 100 just 5 from alltime higher oil reflecting a more optimistic tone lately. Around 24 a barrel. Down 3 but well off its low