Good morning, it is 8 00 a. M. At apple park in coopertino it is 11 00 a. M. On wall street, and squawk alley is live. Good Tuesday Morning welcome to squawk alley. Im jon fortt. Were going to kick things off with apple, just under two hours away from a big event this afternoon where we expect to see a new ipad and a new apple watch. I argue this is the most important launch for those products since their debut why . The environment that were for the ipad it is all about covid productivity people are trying to buy devices for work from home and school from home. They are trying to extend their lead on the tablet space and what about the watch its all about Health Monitoring as people work out from home and now look for additional tools to monitor their vitals during covid. Apple might provide the knockout punch and make things like googles proposed deal for fit bit irrelevant if it was a fortune 500 company, that would have put the ie had alo alone ahead. One star of the show today cou
September. What is interesting, with the this on the screen, unconventional transaction of tesla. Additional 5an billion of shares geared toward perhaps the nonmainstream, the nonwall street crowd. Tesla is interesting because people using bubble with stocks. 2 tesla. Tom a recent secondary, even with moonshot on the markets. This will not be publicly offered. It will be Equity Distribution and distributed by banks as tesla chooses. Somewhat akin to what we saw with lesser successes. Here,l be widely studied the why of this transaction as well as the need for 5 million they are looking for. Here andarkably up big still elevated from where they were. What else are you looking at . Ina the story today markets, aside from tesla, is the dollar and the question of whether people are going to say this is the end of dollar supremacy or if this is just an indication of the low yield, the negative real yield and this idea of global trade. It is the two sides of the story. Tom not only yields do
Workhorse, variant medical. Nikola was up. Update. , we will get an a lot going on today. The x fl. Uying taylor i wanted to talk about what was moving higher. Romaine tiktok . Did we use to own tiktok . Caroline different tictoc. Ralor carolines downloads buy signal. I want to get more thoughts hear from kristin bitterly. Curious how you are thinking about volatility. I have heard some different comments today. That we will get out and then maybe get back in the market on a relief rally after the election. Others are saying they are going to stick through it. How are you thinking about volatility, particularly around some of the election risks. Thesejust goes back to anchoring biases that we have. The 20s. In we think of the average historical norm, it is probably between like 1518. Over the past couple of years, obviously, we have seen historic low levels. Then historic alltime in the 1980s. In the 80s. Tohink the opportunity is hedge your shortterm risk. We want people to remain inv
Response and how the tensions between the 2 superpowers are spilling over on the world stage and coping 1000 cases continue to surge in the u. S. But how do the states stack up against the rest of the globe well take a look around the world but amid the surging coronavirus cases in the United States some pharma stocks are seeing a pop on the hopes for a potential vaccine but could the optimism be a bit premature later on we jump into the race for a vaccine and the possible supply chain issues that could arise once a cure has been found we have a packed show today so lets dive right in. And we leave the program with the latest salvo in the back and forth between the United States and china over the Hong Kong National security act now on tuesday u. S. President donald trump signed into law the hong kong autonomy act previously passed by congress which imposes sanctions on chinese officials businesses and financial interests institutions that violate hong kong autonomy now a spokesperson
Some pharma stocks are seeing a pop on the hopes for a potential vaccine could the optimism be a bit premature later on we jump into the race for a vaccine and the possible supply chain issues that could arise once a cure has been found we have a packed show today so lets dive right in. And we leave the program with the latest salvo in the back and forth between the United States and china over the Hong Kong National security act now on tuesday u. S. President donald trump signed into law the hong kong autonomy act previously passed by congress which imposes sanctions on chinese officials businesses and financial interests institutions that violate Hong Kong Tommy now a spokesperson for the Chinese Foreign ministry respond to the legislation saying sanctions could be levied against the u. S. Its the implementation of Hong Kong National security law and never see in order to see guys only interest in china. And impose sanctions on the us personnel. Corrected its mistakes implementing th