Edward lawrence is live in d. C. Hillary vaughn live on the ground in wilmington, delaware. Susan, start with you. Were seeing a record close for the nasdaq and s p 500 as well. Now one star stock performer today, we have to bring updraft kings, dont we . It rallied almost 14 in presession. Not a bad 8 gain today. This is after bringing Michael Jordan on board as stakeholder, investor in the company and special advisor now to the board. Jordan brings his brand name along with him star power and strategy and sports knowledge. We have news from the worlds Biggest Company apple, today. Yes, a bit of a drag. Giving back some of the advance, not all the advance weve seen on monday. Worlds Biggest Company, 2. 3 trillion. That is bigger than the entire European Market and the ftse 100. They created 100,000 new economy jobs during the pandemic. That brings it up to 2. 1 million. That is 15 up in the last year. Biggest states with jump in app economy jobs, not talking california, new york. Texa
Netflix shares also in the red. I spoke with Reed Hastings for his thoughts on how the pandemic would affect the industry and how he sees the streaming wars playing out. First, a deep dive into what is moving after hours. Slack moving after the bell. Shares plummeting after filling fell short of analyst estimates. Abigail doolittle has been looking at the numbers. I just got off the phone with the ceo of slack, who focused on the demand they see accelerating in paid customers. They are still not seeing still not giving guidance. Afterch a dramatic impact hours . Abigail one thing investors do not like is uncertainty. Also, in terms of the billings miss for the quarter, it was not huge, but 6 . You would think that folks would be using the messaging platform during the stayathome days, but it signals the idea that some of the small and mediumsized businesses are hurt enough, signaling that slack could be a nice to have Technology Rather than a need to have. This stock really getting plu
Congress still stuck in a stimulus stalemate not even at work. Turning to markets futures are rallying this morning. Tripledigit gain on the dow industrials, both s p and nasdaq hitting another round of alltime highs. The dow turning positive for the year. Take a look at the markets this morning. Wash, rinse, repeat, House Speaker nancy pelosi breaking San Francisco coronavirus rules getting her hair done in a salon. Where is your mask, nancy . The backlash ahead. Plus a Retirement Plans that starts at birth. Mornings with maria begins right now. Checking Global Markets, european stocks rallying as well following wall streets record run. Look at french and german markets more than 2 , in asia overnight markets mixed, both to plus side. President trump vowing to help the city of kenosha, wisconsin rebuild amid protests. Cheryl casone has more. Good morning, cheryl. Cheryl that is right, good morning. President trump making pledge to Business Owners and Law Enforcement officials there. I
Steve smith. Good tuesday morning, everybody. It is 11 00 a. M. On wall street and squawk alley is live good tuesday morning, everybody. Deirdre bosa with us we are kicking off one of the toughest months for stocks getting a nice start here as the s p hit an alltime high we continue to watch the large cap tech names that include stocks like zoom and percentage gains that make your jaw drop. Absolutely, carl. Speaking of zoom, i have been calling it the consult of zoom, we have been talking about those incredible numbers, climbing market cap, remember they went public at a 9. 2 valuation. Take a look at these results, this chart says it all the increase, the step up, year over year, the earnings was something to behold. And at the same time, guys, it is our job to throw a little cold water on a quality like following. If you think it can become the next blue chip tech stock we saw in the results last night that it is growing a base of small users and it is making up a larger portion of
Next, look at efforts to modernize Information Technology across government agencies. The House Oversight subcommittee hearing includes the chief Information Officers from the Government Accountability office, the office of personnel management, white house budget the education department. This is about 2. 5 hours. 5, 4, 3, 2, one. [gavel] welcome, everybody to the Sub Committee on government operations. And our hearing. Pursuant togin, house rules, most members today webex, remotely. Some members are appearing in person, or at least this member is, let me remind you that all individuals attending the hearing in person must wear a face mask. I am dropping mine only to speak. Maskrs not wearing a face will not be recognized. Let me also make some reminders for those appearing in person. You will only see witnesses appearing remotely on the monitor in front of you. In activeare speaking speaker view. A timer is visible in front of you. Remotely,attending let me remind everybody about poi