Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Woodrf all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by life isnt a straight line, and sometimes yocan find yourself heading in a new irection. Fidelitys here to help you work through the unexpected, with Financial Planning and advice for today, and tomorrow. The william and flora hewlett foundation. Ha for more50 years, advancing ideas and supporting institutions to promote a better world. At www. Hewlett. Org. And with the ongoing support of these institutis and individuals. This program was made by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the nation echoes again tonight with protests over Police Violence against black americans. And, there are mounting calls for wholesale changes in policing. All of this comes amid final farewells for the man whoseat galvanized a movement. White house correspondent coverage. Lcindor begins our alcindor lines ole snak
What happens in vegas will happen in vegas. Casinos reopen doors for the First Time Since the march lockdowns began. Get the dice ready it is thursday, june 4 you are watching cnbc. Good morning good afternoon, good evening wherever you may be watching thank you for joining us on a thursday morning the major averages trading at the highest level since early march. Gaining some averages. The dow trying for a four session win streak futures now a little lower 114 points off time to turn it around this has been one of, if not the most remarkable come backs in the history of the american stock market the s p 500 is up 21 this quarter. We still have a few weeks to go in the quarter the nasdaq 100 just. 75 of 1 of a new record closing high. Doesnt look like it right now could happen today the markets pricing again a fast recovery off the pandemic than pretty much anybody would have thought possible one month ago around the world is not just here mostly green arrows in asia and Companies Like
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Seating has been spaced so we are six feet apart and we have made it possible for senators and witnesses to participate by Video Conference if they choose to do so, and several have. To maintain social distancing, we have very limited seating and dont have room formulas of the public to attend, however this hearing is available to watch a live online and a recording will be available on the committee health. Www. Senate. Gov. The hearing will be shown from gaveltogavel in its entirety, unedited by anyone from the moment that we start until the very end that we stop. Due to the limited seating, representatives of the press are working as a pool to relay observations to their colleagues and senators and staff present have been reminded about the safety guidelines put in place by the attending physician. We all wore our masks. Im not going to wear mine during the hearing, since we are six feet apart, but senators may do whatever they choose to do. I would like to thank the rules committee