Expectations for users and ad revenue. A drug also showing some positive results that may have been getting investors some optimism. To facebook, tesla and microsoft in a moment. Lets bring in taylor riggs to wrap up the day that was. Information showing that gdp pal gdp fell 5 . Maybeas thinking that things were not as bad as we think and that there was a sign that things could stabilize if not improve. You could say that was going on in the markets all day long. We got that data of a 4. 8 percent drop in gdp. Markets were already shrugging it off. Looking ahead to that news that we got from gilead. Tech is doing the best stuff. 3. 6 today. Those smallcap stocks are also some of the biggest out performers as we talk about how to reopen the economy. Gilead sciences was the driver behind all of this. They were up 5. 5 . Helpedxperiment drug coronavirus patients recover more quickly. Some 11 days instead of 14 or 15 days that was initially expected. Dr. Fauci came out and said this was a
Louns lou announced he is stepping down from his ceo role. And scott minerd will tell us why he doesnt think investors should be buying just yet. We have josh here welcome back to you. Interesting dichotomy setting up in the market. The stayathome stocks versus the gooutside pelaton was just hit on power lunch and netflix, zoom, are all outperforming and the goout stocks, the restaurants, the ubers are all getting hit. Theres the pocket of green there. Yeah. Look at live nation they do concerts. Yeah. Theyre thinking people are not going to go out if and when coronavirus comes here in bigger numbers. So the thing with that is that the danger with that is buying into a narrative because the narrative could be popular for two days and then all of a sudden it goes out of favor and people are like what was i thinking why do i own this stock . Because i think people are going to sit home . However, i do own zoom and another name thats been ripping, teledoc this is virtual doctors visits im
Sales force tower cam. Were starting out today with numbers in the upper 40s and low 50s. Well recover into the mid50s. Look ahead does look wet. Well have details when we cover the forecast more thoroughly. Here is gianna. With the foggy conditions, you may roll up on areas with limited visible. Be careful as you hit the roadways. Were getting reports of a couple new crashes into the traffic center. The first will affect your drive at 880 at 92. Getting a word of a broken down vehicle, northbound 101 at 84. This is blocking the slow lane. Not a lot of delays on 880 where the crash is you should be okay if youre trying to hop on the san mateo bridge. Another crash reported on 680 as you head through the grade. It looks like this is blocking one lane. Im jackie ward live in San Francisco at uber headquarters after a two year federal investigation about Sexual Harassment claims, uber has finally agreed to a settlement for 4. 4 million. That is how much they will be paying victims. This o
We are going to bring you todays market moving news from around the world. Joining us from hong kong is yvonne man, from london, emma chandra, from washington, Kevin Cirilli, and Michael Mckee joins us in new york. In hong kong, chief executive carrie lam will hold her first public dialogue in response. To the protests yvonne man is response to in the protests. Yvonne man is outside the venue. What can we expect . About several hundred ,eople are out here, chanting not one less, referring to the five demands protesters have. Could bring some pictures of what it is looking like right now, about 150 people chosen from 20,000 applicants in the public to take part in this dialogue, the first is the public and with the government, a town hall style with the governing in the middle alongside carrie lam. They will be randomly picking people from the audience. They have three minutes to ask a question. We will not hear typical q a. They will ask a couple of questions first, and they government
Magic. Power lunch gets started right now. And lets check where we stand at this hour were off the highs of the day the dow up 200 points right now, but the session highs were about 100 points above that when we were up more than 300. S p and nasdaq both up about a percent as well. Even though asian markets were down 2 overnight, so a real turnaround for our markets today. And take a look at apple, the stock is jumping after one top analyst says that the tech giant might be tariff proof. Well explore that a little later this hour, kelly thank you, bill the big news affecting the markets today coming from the g7 meeting in france. Its been changing quickly hourly lets go to eamon javers for the latest yeah, kelly, thats right the president has left the country, air force one was wheels up from biarritz france a short time ago, and that brings to a conclusion the g7 where everybody involved was at pains to strike a message of unity it ended with a Fascinating Press Conference between Emm