Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
Page to the anger of some customers. Ceo jeff bezos responding personally. Facebook continuing to face zuckerberger mark allowed a post suggesting looters be shot from President Trump to stand. A report that has been somewhat debated, sending the markets to new highs. I want to bring in abigail been covering has all the action. Lots of debates about the job numbers, whether or not they are correct. Investors looking optimistic either way. Abigail they are looking optimistic irrespective of those job numbers. If you believe them, even though there is some question, larry kudlow had allowed for some possibility that there was a grounding situation in the way that bls counted certain americans and those jobs. Tons of optimism. At the end of the day, it is very positive in terms of the reopening. The real stir of the animal spirits remains the fed and liquidity they have been pumping into the system. Eyese day, record closing about the nasdaq composite and nasdaq 100. At the end of the day
join a majority of the overall delegation from new york calling for cuomo to step down. front page of huffington post tonight, it s over. photo is odd series of reuters photographs taken at governor s mansion from a distance. seen walking around talking on cell phone wearing a blanket. also in company of really amazing looking good dog. why the governor is wearing a blanket, nobody knows. news of senator schumer and senator gillibrand joining the pile on and demanding cuomo s resignation is front page news around the country. cuomo himself is showing no signs of heeding demands for his resignation. if he refuses to resign, only way he can be removed from office against his will before next election is by impeachment. as we reported last night, democrats in state legislature in new york have announced opening of impeachment inquiry targeting cuomo yesterday. if they impeach in the assembly, will be going on trial in new york senate where a majority of senators have called on h
Phone game . Kodak. Kodak, yes. Say what . Power lunch starts right now. Welcome to power lunch. Im melissa lee. Stocks are turning south, posting their first losses in three sessions. The shift wiping out nearly all of the weekly gains for the three major averages. Pretty much hugging the flat line with the nasdaq and s p 500 in the red. Telecom, energy, worst sectors. Utilities and health care holding out. Mobile eye, getting a nice pop on the back of the tesla autonomous drive news. That was the mysterious tweet elon musk sent out yesterday. Thank you. Heres what else is happening at this hour. New data shows investors pulling 28 billion from hedge funds in the Third Quarter. That puts the Hedge Fund Industry on track for its first annual outflow since the financial crisis. The dollar hitting a sevenmonth high after the European Central bank left rates unchanged. Well get more on that, but lets forget bad hombre and all the other memorable moments from last night because one comment
Tyler is on assignment tonigh we begin with a surprise from micros the Worlds Largest software compan rep stronger than expe earnings. A large part of that is due to gains in its cloud compu unit which helps businesses store their data on the intern revenu grew 3 from last year to more than 22 billion. And investors liked what they saw, sending shares initially to an alltime hi in after ho jo lipton has the one key takeaw on microsofts quarter. Rep 6. 4 billion. That w a big number in micross report. And it refers the companys revee in its socalled intet clo division. That resul was better than the stre expected. With that division, all eyes were on azure. Rememb, thats microsofts Cloud Platform which competes with amazons cloud business. And rbcs Ross Macmillan points out that azures revenue grew 121 percent. Macmiln saying that cloud grow is better than the street the profitabili of that busine, he notes, is improving faster than expected. Thats all good news for micrt bulls. For nig