Mike, this morning im zeroing in on enterprise, looking at zoro down 30 right now. What is interesting to me about these names is they both got a big bounce after sales force and workdays earnings reports but theyre giving that back today and then some. Investors seem to maybe be realizing that these names are tied more to overall Enterprise Spending it has not been great versus that sass exception that we saw. Im wondering what you think of what is happening in that space. First the rhinoceros horns at the end tell you something the hottest money, the ones that went the way up, the last spurpt is being taken out i think that this is happening in the context of what many of us have been saying. The market looks a little stretched. A little at the high end of its up trend it should cool off and it was pushed and pushed and pushed a bit higher in part because there has been a welling up of kind of momentum, speculative action, partially in the market some kind of an unwind going on now.
To sell the biggest composer. I cant even begin to imagine a world class one Player Center willers on a musical journey of discovery. 2 with the hope that mr september 16th. In the midst of a con demi queen my twit knows the worlds biggest i. P. O. Shares in chinese ecommerce giant alibaba jumped to a new record this morning a day after the groups financial on filed for a joint listing in shanghai and hong kong. Coming up new laws aimed at improving the lives of europes Truck Drivers could backfire we tell you why. Hello and welcome to do business i want to get Johnson Beilin good to have you with us and. Were starting with what could be the worlds biggest i. P. O. This year and to group has filed for a jewel listing in shanghai and hong kong and group of course is the Financial Technology arm of chinese ecommerce giant Alibaba Group back in 28 years it was valued at 150000000000. 00 in a private fundraising round making it the most valuable unicorn in the world but now its aiming for
And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m
Its going to be quite warm philadelphia, a cluster of the rest of the bay clear. That dry breeze, what happens is and then it will linger not just i got an alert about this for today, laura, but the next infections along i5 which it creates lower humiditye we g traffic incident from nbc bay several days. Stretches throughout california. Some of the increases across the youre right, if you have area. Thats right, mike. Anything to do that involves u. S. Are in counties which have authorities are not yet Outdoor Activity like working identifying the four people who mark we start to get critical. Out, get it out of the way now. Died in this horrific crash last more relaxed social distancing remember the three components. Its 5 00 a. M. , morning workout night. This is on the approach of the the wind, low humidity and the since memorial day weekend. Sounds good to me. According to Johns Hopkins carquinez bridge when chp says hot temperatures. Were going to be monitoring walnut creek, clear
Estimates all but 5 of californias 58 counties are likely eligible to start relaxing guidelines in offering in restaurant dining in the coming weeks counties have to meet the new criteria to begin doing that and reopening schools of course all of this with modifications. The new criteria czar that counties have to be stable in their covid related hospitalizations and no more than 20 covid hospitalizations in the past 2 weeks and counties also have to have fewer than 25 cases per 100,000 residents. Over the last 2 weeks or less than a percent of tests coming back positive in the last 7 days. Pretty stringent. The governor though says that june looks to be more optimistic. Expect if we hold the rate. Transmissions we hold the Positivity Rate down we continue to do justice to the hospitalization icu numbers that will be making announcements statewide not just with the regional variances that would for retail not just to be picked up but in store retail to be loosened up. In addition to sp