Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Have one today, chipotle, the companies that fell a great deal and made a snap back like tulio where it makes it so you can take your Small Business and take it large, what do these things have in common . They are omni channel for companies that would otherwise fail i think its this is ingenuity quarter. I know there will be people who say its a v quarter, i know there will be people who say its because the fed i think its companies that recognize what was the matter and found ways to make money i found it a very inspiring quarter given the cynicism that were surrounded with and the negativity which is frankly overwhelming for many people so you think that even though the fed has bought, what, 1. 7 trillion in treasuries in four months and even as that pace flattens out were going to continue to get innovation like that i find there is Just Innovation everywhere. I had honeywell on last night, theyre solving the problem of the vials with plastic, there arent enough vials to go around
Up for an eighth straight day. The mega cap tech names making the new milestones josh, the big five as we say amazon, apple, facebook, alphabet, microsoft all but alphabet hitting the new highs today crossing 6 trillion as you flag end market cap for the first time ever. They, amazingly, are now equal to the next 24 largest s p 500 stocks combined. You flag that. Yeah. What do you make of it . Yeah, so my research. We put this up last night. Just incredible when you think about the companies that make up that next 24 were not talking about small potatoes were talking about jpmorgan which is a 300 million cap and pepsi, coke, mcdonalds. Its really wild and these stocks now are just going parabolic. I think i want to maketwo points very quickly. The first is that this is not unprecedented. In the mid 1960s just two stocks General Motors and at t made up 14. 5 of the total market cap of the s p 500. And the top ten names in the mid 60s made up about 50 of the market cap so, we have seen t
It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is