All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
Flat for 2020 as tech continues to lead the gains. Financials and utilities amongst the worst performers today coming up on todays show, we will speak exclusively with sap ceo Christian Klein about his companys efforts to develop a coronavirus Contact Tracing app and what hes hearing from customers about the state of local business and the earnings reports will come fast and furiously this afternoon highlighted by lyft, grub hub, tmobile and well speak with tmobile Ceo Mike Sievert ahead of his companys Conference Calls just after numbers cross. The big stories we are watching, mike santoli following the volatile trading action, Steve Liesman with a look at the economy and another sobering jobs number today, and deirdre bosa is covering uber and lyft mike, start us off the s p struggling to stay in this zone for the past few weeks. This is a oneyear march its flattened out since april is it resting, rolling over . Its a bit of a standoff i think people are saying right now its preserve
Locally first. Im not saying domestic. Im saying within 100 miles of your home or 200 miles you can drive there so you feel good, in your car, its safe gradually people will become used to it and spread out. 9 11, i had friends who said after 9 11, i will never get on a plane ever again, im never doing it and six months later, okay, im going to try it. Okay wasnt so bad. Thats whats going to happen. People will feel gradually safer and safer. That seems to be the case we appreciate your time. Glenn fogel, ceo of bookings holdings. Thank you very much. Carl, back to you. Tanks for bringing that to us seema moody. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from various location were trying to hold 24,200. Where we get 20. 5 million jobs lost in the month of april joining us to talk about that and more is art cashin of ubs and our own bob pisani art, great to have you back. Happy friday. Thank you great to be with you so
Teams and teams and delivery of cars for 2020 and so forth. Were starting to get a clearer picture on whats happening in technology as well. This is a big earnings week in general but we got the alphabet earnings last night. And one of the stark things was the difference between direct response advertising and general brand advertising. We heard direct response is doing better we heard it from snap. Heres the general idea from alphabet, gives you a read through whats going to happen with facebook. There were other numbers that alphabet talked about that could have implications for apple, certainly for amazon and microsoft in their cloud numbers. So that data, that intelligence were getting not only for what happened in q 1 but the trends in beginning of q 2, morgan, are so important. Yeah, potentially read through for apple when we get those results after the bell tomorrow, too. We started the week talking about the outsized leadership of these names, microsoft, facebook, amazon, alpha
Eastern. Next, representatives from the faa and the national Highway Traffic Safety Administration join two assistant transportation secretaries to talk about new technology and government regulation. The Transportation Research board hosted this event. All right. Good afternoon, everybody. I hope youre all doing very well today. We are all very much excited to be here with you. On behalf of secretary elaine chao. To present to you on laying the foundation for advanced Transportation Technology. Ill let our panelists introduce themselves in a moment. We want to let you know we appreciate you. Youre a critical audience for us representing researchers and thinking that goes into laying the foundation for a lot of tho these advanced transportation technologies. Trv is a fantastic event. People who attend trv tend to be a wonkier crowd. Understand what were saying more times than not. Hearing from you helps inform everything were doing. Were very much looking forward to this panel today. W