We are monitoring his comments right now for any news that breaks. We are on this event for you. Meanwhile, got to look at the markets. Kicking off the first trading day of september with new records for the s p 500 and the nasdaq, and the dow is back in positive territory for the year. We shall see if these numbers hold through the rest of the hour. You know, septembers traditionally the worst month of the year for the stock market. But we are going to ask our floor show traders if they expect september 2020 to follow the usual pattern, because nothing about 2020 has been usual, to be clear. And we will get a view from the farm as harvest season is fast approaching. We will talk to one soybean and corn farmer about how he sees the phase one trade deal playing out in the middle of the coronavirus pandemic. Plus, the state of spacs. A giant in the Media Industry is turning to the world of 3d printing to tell us why he is now taking desktop metal public. Less than an hour to the closing
Pointing upward the wall street journal is calling the last four months a melt up and thats what it looks like. Dow up by 83 points. S p 500 looking to open 12 points higher. Treasury yields as well. Were at. 572. Theres a mix of what theyre thinking and what the equity markets think, right melissa okay we have a we will work on the audio and hopefully get that a busy week ahead. A twoday fed meeting with a policy announcement. No major change is expected. That will tell you that but investors will watch for clues about what the central bank might do next and then on the corporate front earnings season kicks into overdrive 167 of the s p 500 companies will report. Well hear from 12 dow components and among the names likely to get a lot of attention, apple, amazon, boeing, mcdonalds, 3m, exxon and many others. This is if you like earnings, if youre excited by earnings this is going to be a big week. So far this season we heard from 128 of the s p 500 companies so well more than double t
Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back
Alphabet is up about 11 year to date amazon is up 50 this year you have to wonder if it is the revenue that will be hit particularly hard as travel remains under pressure and they get a good chunk of revenue from that sector. His tweet was on may 1st, the stock closed at 701 that day, were getting new details on the ppe program. Yeah, were waiting the release of loan recipient names. That should be about 13 of the recipients in the program. Here is what we know about ppe after as you mentioned the president signed that extension over the weekend 4. 9 million loans were guaranteed the average loan side was 107,000 about 30 billion in loans have been returned or canceled. Those that fall into the category will not be on the list that we are supposed to get today. This is supposed to be how many employees were in the company when they applied for the loan many businesses are facing deopenings, well be back with more as soon as we know it thank you, kate. That is a good way to get into sto
Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout market share gains, which is key. Given Amazon Logistics troubles, are you going to be seeing customers rediscovering target and walmart, some of these longerlasting st