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Transcripts For BLOOMBERG Bloomberg Technology 20240711

And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would

Transcripts For BLOOMBERG Bloomberg Technology 20240712

Nominees. And, election security. It is at the top of everyones mind. What the cloud flare ceos company is doing to thwart cyberattacks. Plus, highlights from my interview with Disney Ceo Bob Chapek in the last hour. Disney plus shares jumped in afterhours trading. First, lets get up to speed with all of this market move. Tech dominating the day. Mastec registering its best day since april. Abigail doolittle, what a day. Abigail the nasdaq 100 having its best day volatilead all of this action, speaking to the big gains in august, the big selloffs in september. We now have the nasdaq and s and p trying to take back on those alltime highs. A new wants to this is this year, in 2020, these big internet stocks are considered to be quote unquote defense. The companies have really been outperforming from the stayathome trends. Apple up more than 6 . Its best day since july 31, when the stock had surged by 10 . That is the degree of the buying power. We are seeing how much the investors and tr

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