Belie [ bleep ]. More of his reaction straight ahead. We start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10 from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say . I think in the near term that it probably is ultimately, i dont think this is the rotation weve all been waiting for. Near term, i do think there is more room to the downside. I think just focusing on the technicals right now is important, because these things clearly arent trading on fundamentals it looks like a lot of these stocks have breached that level. I do think theres more room to go this is what happens when share prices move in this way. Its this gain theory approach where people are buying these stocks because they think other people are biuying these stocks i pointed this out on twitter earlier in the week. Even after
Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean
Injection of liquidity from the pboc. House democrats will cut short their summer recess to work on legislation and on shoring up the u. S. Postal service. This after it warned states of mailing ballot delays are ahead of november. And japan suffers its biggest economic slump on record. This comes after a state of emergency and lockdowns hammered Consumer Spending, production, and exports. We have just gone 6 00 a. M. In london. It is 9 00 a. M. In dubai. It is always an inauspicious start when i have the wrong but i from the very start am laser focused on you. What if the bond market started trading like a v . The ratchet in the bond yield what would that do . Are we under assuming that narrative . Fed all come back to the doing more. Good morning. It is alwaysy, monday and things happen with the cameras. I like that you brought up scott minor. Atsees the 10 year yield cap 1 and he says it will go lower to 0. 5 . Is this record issuance we are seeing a enough to derail the rally . I t
This is what they came up with me and you, buddy. Just us. Just us most days, we cover the whole gamut. It is not like they are going to miss out in terms of anything the yankees going to be good in houston, now a yankee you had max. I am learning how to bet baseball just taking the underdog does not work they know how to do this if you put up 30. You could win your 30 plus more than 30 if you bet on the underdog without a spread. The underdog always loses. I found a new way to lose. Well talk more about this a great game dodgers just kicked ass. It was weird did you watch any of it . It was a little weird all i saw was the clip of fauci with the opening pitch missing by too much. Who else did that i think it was 50 cent, as i recall it went straight left. I did that, i remember it is verydaunting everything going on in the world, the New York Post everything going on in the world. Got to embarrass the poor guy. Hes a doctor, not a baseball player glad we stalled a little. Already come
Companies listed in new york. Tiktok remains a major stumbling block. Uber delivers, but not where we might have expected. Food shipments top ridehailing for the first time as the decade of unchecked growth hits the brakes. Haidi lets kick it off with a check of the markets. U. S. Stocks are surging, pushing higher as hopes of a stimulus to deal in congress will be imminent as President Trump says if nodeal is forthcoming, he could take action himself. The are seeing s p futures looking flat at the moment after the s p 500 pushed its fifth straight positive session overnight. Chicago nikkei futures also pretty flat at the moment ahead of the holidays kicking off next week so as you expect, we are seeing traders shifting their holdings and also assessing a flood of earnings. The aussie dollar holding that threeday again before the rba Quarterly Monetary Policy forecast. That report due out this hour. 72. 33. We heard from phil evans in the previous hour saying he sees putting clear road