Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Hurricane laura nears the u. S. Gulf coast. Massive activations take lace for fears the storm could drive 30 miles inland, causing massive damage. Jobgermany extends preserving subsidies until 2021, as europes with this economy recovers from the coronavirus. This as the japanese official warns over a second wave. It has just gone 6 00 a. M. In london, 9 00 a. M. In the difc in dubai. We will spend a lot of time talking about specificity. [laughter] hopefully at got that right. Put it to you this way, the end is reallyael well anchored in the u. S. I see those as being the two risks if there is a lack of specificity. Annmarie you make a good point. It is clearly going to be center stage. Writes, theper dollar is the guest of honor even if it doesnt want to be. Can we see more u. S. Dollar unwinding . Of course, this is the bond market moment. It comes back to the conversation we had on monday with a great Bloomberg Businessweek satire speech. They said no, i stuff, jay powell. Manus exa
Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
Hello and welcome to westminster and revealed, look at the Parliament Role in the corona crisis. Boris johnson finally got the job he always wanted but the Job Description had changed. I must level with the British Public, more families and many more families are going to lose loved ones before their time. The Prime Minister was almost one of them as a Global Pandemic landed too close to home, and left him with questions to answer. 65000 people have lost their lives because of covid19, the Prime Minister challenged that could save lives, rather than complain about it. It was a crisis to over ten centuries of tradition to change the way westminster works with unexpected results. We are also embracing this, why apologize, why are you not doing on wednesday afternoon in late january the house minister was summoned to the house of lords to enter an urgent question on what was described as the wuhan coronavirus threat to citizens. It was the third reference of parliament to what was to beco
The securities and Exchange Commission focusing on disclosure. We will get into it. 8 30 a. M. Eastern. Chairman jay is here live. We will talk about it. Isaias leaving millions without power, the deadly storm causing disruption across the east coast. Did you lose power . Novaxx with trial, research and Development President gregory glen is here to walk us through the progress. Markets this morning look like this. Indications are for pretty good rally at the start of trading. Futures indicating gain 200 points right out of the gate. Dow industrials up 198 and nasdaq up 1. The momentum continues. Up 38 points yesterday, the dow up 164 at the close yesterday and the s p up 11. Gold committerring glittering. Take a look. Up and a 3 quarters percent. 2020 voting in focus. Battle intensify over mailin ballots, the campaign sue it is state of nevada. Plus some of you may have heard but i have a very special announcement later this morning. Stick around, big announcement coming up. Mornings w