Flat for 2020 as tech continues to lead the gains. Financials and utilities amongst the worst performers today coming up on todays show, we will speak exclusively with sap ceo Christian Klein about his companys efforts to develop a coronavirus Contact Tracing app and what hes hearing from customers about the state of local business and the earnings reports will come fast and furiously this afternoon highlighted by lyft, grub hub, tmobile and well speak with tmobile Ceo Mike Sievert ahead of his companys Conference Calls just after numbers cross. The big stories we are watching, mike santoli following the volatile trading action, Steve Liesman with a look at the economy and another sobering jobs number today, and deirdre bosa is covering uber and lyft mike, start us off the s p struggling to stay in this zone for the past few weeks. This is a oneyear march its flattened out since april is it resting, rolling over . Its a bit of a standoff i think people are saying right now its preserve
Million confirmed cases worldwide. More than 600,000 are in the u. S. , where deaths have surged past 27,000. Tonight, new yorks governor is ordering everyone there to wear masks in public. And l. A. s mayor reportedly wont allow concerts or sporting events until next year. But in other places, there is anger that all of those restrictions are taking their own toll on the economy. In michigan today, cars jammed streets near the capitol, protesting that states strict stayathome rules. And while most restrictions nationwide were put in place by governors, President Trump says tomorrow hell announce federal guidelines to reopen the country. Adding to the president s sense of urngencey. Retail sales for things like clothes and furniture hit historic lows in march, and that federal loan fund designed to help Small Businesses pay their employees . Well, its set to run out of money tonight. All of that is balanced against scenes like this in new york city bodies piling up in refrigerator truc
Ields are higher. In eight basis point increase yesterday. You are getting a weakening the dollar by about 1 . It could be seen as some good news if some of the funding pressures are relieved. The hope and optimism is still moving through into the copper market. Those are off 3 . Copper has been searching to the highest now in almost three weeks after minds have been closing to reduce supply and some of the coronavirus headlines have been coming in showing signs of easing in these hot spots. Flip up the board. I want to take you through, if you want, to take you through an 11 day chart. David of course. Taylor this chart is getting us into so trouble because im getting so much twitter hate mail. Take a look from the lows of the session, we are now up 20 . Technically speaking, if we close at these levels, it would mean we have closed out the bear market. There are still a lot of people that think this is a drop because we are still off 20 from the record highs in february and the worst
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh, really scary, devastating. And as Small Business finished time to break out the apple stands and the sa
Launches lofty goals to combat climate change. We will have details. Last, a new york based Cloud Software company data dog sees a pop in shares after the company goes public. We will hear from the ceo. First, huawei launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its pro fund. Its pro phones. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . Mark 5g is going to be a massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming