Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not
Welcome, caller. I work at sun tattoo in San Francisco, and im just adding my support for item 28. I would like tattoo businesses to reopen as soon as june 19, especially since all the other shops are open in california outside the bay area. Everybody touched on sterilization and a clean environment. Because of that, i everyone and i work with understand how to prevent cross contamination and provide a safe experience for everyone involved, certainly safer than businesses that are already open. Thanks krerk clerk great. Thank you f clerk great. Thank you for your comment. Next caller. Im calling on item 24, and i strongly support the resolution to support senator Nancy Skinners state bill. Im asking to join supervisors peskin, row anyonen, and fewer refuse the bill unless properly amended. The Public Participation in the planning process would be removed with Affordable Housing mon dated. Please vote in an expanded housing density law. Lets not let sacramento determine housing in San F
The fed laid out plans to buy up individual Corporate Bonds this as the emergence of new coronavirus hot spots around the country add to fears of a second wave so why, guy adami, are markets seemingly so immune to these concerns is that actually a good sign for this rally no, its not. But before i have to i would be remiss, melissa, if i didnt wish the b. K. , the bitcoin baller a happy belated birthday. His birthday was yesterday do you know whose birthday is tomorrow i wont keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book the wealth of nations in college. You probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and im going to get added by everybody. To think this market is at all free market is a fools folly. The fact that we rallied into this announcement by the fed, which we all saw coming or they announced it prior shouldnt really surprise a
Throughout the show. Take a look at tesla up 6 premarket, its going to bust through another alltime high at the open, look at that up to 1277, also a story about red sucking shorts, thats what you call a tease, we will explain, also President Trump tweeting about the markets moments ago saying if you want your 401k and stocks which are getting close to an alltime high, nasdaq already there to disappear, vote for the radical left, donothing democrats and corrupt joe biden, massive tax hikes will make you very poor fast. That is the president tweeting this morning. Speaking of the election, we are for mental weight and joe biden says hes going to transform nation. What does he mean by that, youll guess pretty good as good as ours, he gave no details. Also President Trump will be holding a rally once again this time in New Hampshire this coming saturday and this time it is outdoors, the Trump Campaign is coming up on that shortly and as always a big three hours ahead im Ashley Webster Int