Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be
The s p and nasdaq hitting record highs were waiting minutes from the last Federal Reserve meeting which could be coming any second now. Apple hitting 2 trillion in total market value thats a double in just two years. Its phasing major risks to the bottom line. We will explain what those are as apple goes up unlike other big bock retailers, the stock is surging as you see right there. Power lunch begins right now welcome. Im kelly evans, as we await the minutes from the fed, its the financials lading the way. Take a look at these top performers, airlines, cruise ships powering high, modest gains, but also inindividually is trading near its alltime highs. Its doubled this year and is reporting earnings after the bell today well have more on nvidias monster run. Ty fed minutes just released Rick Santelli is looking at the headlines. Hey, rick. Indeed, one of the big issues was the way the Federal Reserve was going to tweak the way it looks at inflation, various policysetting tools they h
The state of emergency for osaka, kyoto and hyogo. The number of newew infections steadily declining, and the strain on the medical system is easing. Therefore, we will ask experts to evaluate the situation early next week, likely on monday. Y. If thehe situation remains theh same, we may be able to liftt te declclaration for those prefectures. Osaka, kyoto and hyogo met et criteria for the declaration to be lifted. Officials say the prefectures also have sufcient medic supplies and Monitoring Systems in place. People in the area expressed mixed feelings about the move. Translator im a little worried. Theres no guarantee that the number of infected people wont substantially increase Going Forward. T translator the situation here is stabilizing, so i think its about time to revitalize the economy. Officials reported 11 new cases in the capital on thursday, and the daily increase has been on the downward trend. But both he tokyo and kanagawa did not meet the criteria for the say the tate
The answer is not for a long time even the greatest optimists think a mass vaccine in the middle of 2021 maybe something smaller this fall the idea of something that is just given to you in the hospital iv that makes it so it eliminates the lets say the odds of you dying, its something that makes us feel like maybe this is the tamiflu for this dreaded disease i think, of course that makes people feel more optimistic. Everybody wants the country open, but nobody wants to do its been that stark, that bipolar. How about we get it open versus getting really sick. Thats something that people will say open it up, thats why the market is flying its not the tamiflu, its for when you are already fairly sick its very important i dont want to discount it in any way, listening to Scott Gottlieb has been one of the more rational voices on this throughout. He frames it properly. We actually do still need those antivirals that would be taken earlier in the course of the disease to mitigate its effect
Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of the rest of the world its gotten better part of what i hear, the work i do dont forget, a lot of Service Revenue