59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
S p 500 essentially flat year to date nasdaq up some 19 59 minutes left in the session, sara coming up on this friday afternoon, weve got a series of great gifts for you. Red finns stock was on fire the stock selling to have day on the companys cautious outlook as the ceo says the bottom codrp out on the economy were going to talk to glenn kelman in a few minutes. And then apple once again, the Biggest Public Company in the world, surpassing saudi ramco. Continuing the historic run. The market cap now sitting above 1. 8 trillion. Its up over 8. 25 well talk about what an investor should do with this stock next lets focus in on the big stories that were watching. Mike santoli looking at the market and the tech stocks surging to day kayla is looking over the next stimulus package first to you, mike. The story from the morning was that Great Results from the big four of tech did not really lift all votes did you have weakness. Sold a strong open the market firmed up in the last hour or so
Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
Holds, ten year yield, getting in the area of 9 the road map begins with the trade rally. Future points to new record, china says it has agreed to hold back tariffs plus, takeover offer, getting my latest reporting on xeroxs bear hug of hp. Warren proposes a sitdown with the microsoft founder we will begin with futures fresh hopes of a trade agreement, giving stocks a boost. Chinas commerce says the u. S. Have agree ed to phase out the tariffs imposed during the trade war. They dont actually say a deal has been reached multiple reports from this one on qualcomm. Yeah, i dont trust them. Yesterday, they said the talks were elayed. Honestly, these people were members of the peoples republic it might as well be run by the 8th army can i tell you what might matter they signed a death warrant for someone who pushed fentanyl to us and two life sentences for their colleagues they did a twoyear stay of execution on the leader of this. But this is what President Trump is waiting for far more im
Planned for by investors lets bring in david rosenberg, and scott ren from wells fargo you got me david, let me start with you give me your reaction. Dac david, give me reaction to this mornings report right can you hear me okay i can hear you, there was somebody else in my ear as well. Somebody ordering pizza, i dont know may have been look, i think that it could be a stretch, inflation, we have a situation everybody believed we would get a first big quarter because of the tax cuts and income gains were going to see, without realizing a good chunk of income gains are going to be siphoned into the gas tank, what the retail sales member told you. So much of the Fourth Quarter premised on Consumer Credit binge. The fed report highlighted that yesterday. Bit of a credit hangover and relentless increase in gasoline prices attracting the retail picture inflation number i think was easy to call in my opinion, dont know why everybody thought we would get streams of. 2 to perpetuity the dollar