S p 500 essentially flat year to date nasdaq up some 19 59 minutes left in the session, sara coming up on this friday afternoon, weve got a series of great gifts for you. Red finns stock was on fire the stock selling to have day on the companys cautious outlook as the ceo says the bottom codrp out on the economy were going to talk to glenn kelman in a few minutes. And then apple once again, the Biggest Public Company in the world, surpassing saudi ramco. Continuing the historic run. The market cap now sitting above 1. 8 trillion. Its up over 8. 25 well talk about what an investor should do with this stock next lets focus in on the big stories that were watching. Mike santoli looking at the market and the tech stocks surging to day kayla is looking over the next stimulus package first to you, mike. The story from the morning was that Great Results from the big four of tech did not really lift all votes did you have weakness. Sold a strong open the market firmed up in the last hour or so
Lower on concerns about the health of the u. S. Economy and a number of new bearish notes from new wall street firms hurts the sentiment further. Lets check in on the biggest losers in the dow, which as morgan just said, is down sharply, near session lows, which were 462 points. Its currently down 410 points, as you can see, pfizer down 4 Goldman Sachs down 2. 7 cat down healthily 2. 56. The 30year just hit a yeartodate low of 2. 117 t the. Joining us for the full hour, victoria fernandez at cross mark global investment. Thanks for joining us. My pleasure when you see yields slip like they have done, like they did last week, does it make you want to press the sell button for broader u. S. Equities . We dont want to sell we have that longer term outlook. We think theres a lot of volatility going on and thats going to continue to play out. We are looking at these treasury buys, not just from Short Coverings but outright buying as well but i think you stay invested at this point there we
Was checking in around 6 00 a. M. To squawk box but still looking up road map this morning, it starts with a potential trade boost, stocks as you saw pointing to what would be a pretty good open at least if youre long after treasury secretary mnuchin said there is a path to a deal with china. Plus, trade head winds hitting home, fedex saying the ongoing disputes are creating, quote, significant uncertainty for its business outlook. Micron surging this morning, this on strong Quarterly Results. The chipmaker also resuming some sales to huawei and forecasting demand recovery this year. Stocks are looking to rebound this morning, this after treasury secretary Steven Mnuchin expressed optimism about trade talks in a cnbc interview. Here is what he told hadley gamble in bahrain. Im hopeful we see a deal there needs to be the right efforts in place this isnt a deal for having the sake of a deal we were about 90 of the way there. There is a path to complete this but well see where we get. Quo
Hours. The committee on oversight and accountability will come to order. I want to welcome everyone here today. Without objection the chair may declare a recess at any time. I will recognize myself for an opening statement. I want to again welcome to the committee on oversight. We want to thank the commissioner for his participation in todays hearing of the u. S. Food and Drug Administration. There might not be a federal agency thats more integral to americans lives than the fda. Fda is charged with Regulatory Oversight of the food and drug industries. Industries that ensure americans have food on the table by innovating safer and more stable crops. Industries that provide americans new medications to treat diseases. Industries that create cuttingedge medical devices that can keep your heart pumping or replace your knee. These industries are vital to keep americans safe, healthy, and happy. These industries provide millions of jobs and nearly 3 trillion in economic value. Congress must
The committee on oversight and accountability will come to order. I want to welcome everyone here today. Without objection the chair may declare a recess at any time. I will recognize myself for an opening statement. I want to again welcome to the committee on oversight. We want to thank the commissioner for his participation in todays hearing of the u. S. Food and Drug Administration. There might not be a federal agency thats more integral to americans lives than the fda. Fda is charged with Regulatory Oversight of the food and drug industries. Industries that ensure americans have food on the table by innovating safer and more stable crops. Industries that provide americans new medications to treat diseases. Industries that create cuttingedge medical devices that can keep your heart pumping or replace your knee. These industries are vital to keep americans safe, healthy, and happy. These industries provide millions of jobs and nearly 3 trillion in economic value. Congress must ensure