Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
And xmtchristmas in october as amazon kicks off its two day prime day today, the investment play and if any other retailers have what it takes to compete with amazon, it is tuesday, october 13, 2020 you are watching cnbc right here on cnbc. Let it go, let it go how youre one with the wind and sky everyones kid knows that song good morning, im dominic chu in for Brian Sullivan you can see the dow is implied lower by just about 17 points, so well call it fairly stage and flat nasdaq higher by about 77, the Technology Trend continues the nasdaq has been leading on the up side and down side over the course of the last couple months the major averages all coming off yet another winning session, the dow rising more than 250 points for its first four day winning streak since Early September. The major outperformer again was that nasdaq, surging more than 2. 5 for its best day since september 9. You can see there just over the last two days here, a massive move higher, 2. 5 gains there to clos
States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li
You cant wait for this one. The democrats continue to be appalled at idea of cutting funds for the most h post office by not for police. Nancy pelosi calling back but not for stimulus. Get reaction from liz peek. Bernie sanders gets the spotlight tonight and well have a live preview. I will get reaction from sean hannity later in the show. All that and more on making money. Charles we start the week back at s p 3393 watch. 3393, keep that number in mind. But the megacap Growth Stocks leading the way which may help with that record sooner rather than later. The hottest safe haven stock is really tesla. Yes, it is a safe haven stock, folks. Another upgrade on a target this morning. Wedbush sees 1900. Before they were at 1800. Who is in for the ride on tesla . Lets bring in our panel. Michael lee, he does it all. Money map strategist chief investment strategist, shah ghailani, and Gibbs Wealth Management erin gibbs. Erin, i have to start with you. At the beginning of the week we saw the i
Apple is above 467. 77 making it the first u. S. Company to have a market cap above 2 trillion, a discussion a few moments ago about tim cook and how he has led stewardship of the company through all kinds of cross currents josh lipton joins us to talk more about that. Josh, its funny to look at that change of market cap and think back to some of the more cautionary calls weve gotten in the past few weeks from the likes of b of a who worry about margin pressure on phones, margin pressure on services, less impact from the buyback and so forth yeah. Listen, you look at this recent run, carl, obviously they had those earnings in late july that blue past the streets expectation. You saw strong growth in sales of the new low cost iphone sc. You can chalk this recent run to a few big trends one, theyll say listen in Uncertain Times cash is king and obviously apple has a lot of it, net cash position of 81 billion and counting also, that work from home trend is clearly helping apple or at leas