Airlines tiktok bids moving walmart is now in the mix. Yes, walmart and that stock is up 5 . Microsoft up 2 . A record close watch for the s p 500. At least 59 minutes left of trade. Anything positive, jon, for s p and nasdaq as we go into positive territory with the new records . Once again. And coming up on todays show. Two key reads on the state of the recovery in america. Well speak with the heads of Regal Cinemas parent cineworld and ihg group about safety and demand in light of the pandemic. And counting down to big earnings after the bell, including dell, gap, hp and more well bring you all of those numbers as soon as they hit. Now straight to the big stories we are watching today. Mike santoli is tracking todays volatile Market Action Steve Liesman and Morgan Stanleys chuten aya are here. And ylon mui has details on the new rapid covid test and bank of america is calling it a gamechanger. Start us off were extending up into record territory a little bit erratic fashion the mark
Jobless claims. President trump scrapped his g. O. P convention as the coronavirus rages. Concerns that big tech is on a bubble. Welcome today break europe. The results came out a few minutes ago. 650 million. T was an estimated loss of 250. 1 million. Equinor posted an unexpected Second Quarter profit. They are on track to deliver on their plan for cutting costs of 700 million. It cease 2021 capex at 21 billion. It sees 20222023 at an average of 12 billion. A clear beat in terms of Second Quarter adjusted net and profit. Keeping the dividend and keeping the fullyear capex guidance on change and on track for cost cutting. Those are the main lines coming through. Well speak the the c. E. O. Coming up at 7 00 a. M. U. K. Time. Japan is closed. China is bearing the brunt of the losses. Red on the screen in hong kong and australia. A little bit of a weaker yuan. An increase in tensions between the u. S. And china given the news around the order of the chengdu consulate. Take a look at what
S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
Deviations. It is an historic surge in gold. Francine it certainly is, at we have been spending a lot of time on that and we will spend more time on gold. Lets get to first word news with ritika gupta. Ritika good morning. The fight over the chinese consulate in houston shows that hardliners now have the upper hand in the Trump Administration. President trump has allowed a small group of advisors led by Michael Pompeo to push u. S. Policy toward its most antagonistic in decades. U. S. Officials say china has a history of espionage and intellectual property theft. The Trump Administration and Senate Republicans are considering a shortterm extension of extra unemployment benefits. It is unlikely the white house and lawmakers will agree on a broader stimulus deal before the benefits expire. Millions of americans receive supplemental payments that were included in the last laurent virus package. Way for paving the soaring stock to join the s p 500 index. The electric carmaker reported thir
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is