Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back
The week. Opec and its allies will meet thursday to discuss a new plan. The virus has farreaching implications for businesses. A new study says global trade may be cut by one third, more than what was seen during the financial crisis. Shery lets get you started with a quick check of how markets ended in the u. S. We are seeing u. S. Stocks again pushing into bullish territory after failing to do so in the last session. U. S. Stocks now gaining more than 20 over the march 23 low. Every sector in the s p 500 was in the gleam green, led higher by Energy Stocks. Dow gained more than 3 . U. S. Futures unchanged. Nasdaq gained 2. 6 in the regular session. Take a look at what oil is doing, because we saw it rebound from the weakest level since the start of the month. It spiked a few minutes before the close, after the opec plus meeting will discuss and output cut of 10 Million Barrels per day. At the moment continuing to add to the gains, up 4. 6 . Just breaking on the bloomberg, a saudi arab
Global cases nearing 1 million desire statistics there. Indeed, there are theres been plenty of late. Weve got great guests coming your way including Mike Novogratz on where hes seeing opportunities. Well also speak with the ceo of pa tell, the ohio company thats just received approval for its technology to sterilize medical masks. But the big stories were watching this hour mike is here to break down the latest market moves. Brian sullivan has the late isest on oil and energy. A role eler coaster ride kayla has new details on the relief checks due to americans and bank of americas Michelle Meyer is here with us to tis cuss the sobering jobless claims numbers, but mike, you on the markets. T. Obviously waivering after the early day rally. Take a look at where it leaves us here. It seems were settling into a trading range. Well see if that holds. People can throw out these levels that might matter ta tactically the market has traded technically, just because we are in a bit of a vacuum
And the corporate impact come up mastercard and United Airlines are the latest companies to warn that sales profits are getting hurt. Manus welcome to daybreak europe. Hedges. To hedge your the defensive positions traders have put on especially in the bond market are already being shaken to the core. The biggest oneday drop since 2016. . Hat is your hedge, and nejra nejra fish you ask yourself what caused this must don . We saw the biggest move down in global stocks, one of the biggest in 10 years. The gain in Global Equities for 2020 wiped out. That theabout the fact spread for the coronavirus outside china was causing concern, or did equity markets finally wake up to what the bond market was signaling, that that that the 30yearold yield plunging . Manus i think what are the best articles is from Goldman Sachs saying, another 25 basis points down in terms of yield. A really bad surprise would be 35 basis points. My line of choice in the bond story this morning is one punter spend 12wh
For a chance to win 49ers playoff tickets, some people are willing to get wet. [ cheering ] it is called a little bit, but the first time was the worst, this is my fourth time. Reporter the team raffled off eight pairs so to see if someone could do their best impression of nick balsa. I was standing there and i heard that i won good thing because the game is sold out. Reporter Team President said the 49ers are anticipating a recordbreaking crowd, largest in their 73 year history. Get into the system really early, so you are there for kickoff. Reporter there will be a navy flyover, rally towel away and halftime giveaway halftime show. The team store is open late for people hoping to gear up in time, and this will be the first 49ers playoff game in levi stadium, something that is lured fans in from afar, this one has been a fan since the catch. Reporter this man through he flew in from new york. Im so happy for tomorrow and i wanted to be in the news adm, ive ive been a candlestick but n