Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
The end of may. You see it like it may cross the gray line, but its not crossing the black line and so that is and very a positive sign. And that is the result of every Single Person sent in our county doing their very best to comply with shelterinplace supervisors were told that the county still lacks adequate testing and thats robust Contact Tracing must continue. To slow the spread of covid19 uncertainty a bone says doctor cody, but physical distancing staying home is working the take home is that the trend is exactly what we want to see that were lengthening the doubling time. We are slowing things down. And as weve been able to do because our community has come together and you know reducing their contacts and interactions with each other to the grid. Greatest extent possible. Is san jose rob fladeboe kron 4 news. Well Law Enforcement First Responders are not immune to coronavirus we know that but still theyre out there on the front lines putting their health at risk and so for th
Timeline that the state is anticipating a surge of coronavirus patients now next month. The direct payments can wanted more. So we think that theres a a path to getting more for the shrek payments. Yeah that was House Speaker nancy pelosi say more money is coming to help americans through this crisis will see how quickly congress can act good morning. Thank you for joining us here on the kron 4 morning news, it is wednesday april 8th, im James Fletcher and im darya folsom governor newsome says they were doing a good job hang in there its been 3 and a half weeks now. But the state is anticipating a surge of coronavirus patients next month. Yeah, he went on to say that because the curve is stretching our state is. Properly doing the social distancing and thats allowing the state a little more time to not only buy some of the equipment they need but also to help out other states that are in need as well yeah theyve sent off for a california has sent about 500 ventilators in total. To othe
Returning money back to investors. Whats behind it and what it means for the Hedge Fund World the Investment Committee is ready to go. Halftime report starts right now. Good to have you with us. Our Investment Committee in front of you right there, joe terra nova and pete that jdiana becky quick reporting it could come as early as today, 5trillion did assets under management best day since 08 Charles Schwab for its best day since november of 2011 a lot to talk about here. The potential synergies are all about costs. If you think about it, Td Ameritrade has been this serial acquirer over the last couple of years and have been able to with scott trade have cost synergies and in terms of reduction of 60 to 70 i dont think youll have that type of Cost Reduction here with Charles Schwab i think it will be somewhere around 40 to 50 in terms of cost synergies but a strong dea for them specifically. Obviously very negative for etrade. I had talked about a couple of weeks back that etrade poten
Those are the two worstperforming sectors over the past five days. Investors are watching apple and nvidia ahead of its critical Earnings Report next week. The many pressure points for stocks, rates, earnings, china. Of course the fed too. So whats an investor to do . Lets ask dan greenhouse. Chief strategist here with me at post nine. Its a growing list of pressure points, right . It is. Fixated on the apple selloff. The rates have backed up. At least today theyre backing off which is maybe why the market is kind of hanging in. How do you see things here . Listen, technically obviously weve sliced through the 50day moving average on a number of indices, if not all the indices. In terms of apple, apple and those types, they were up 60, 70 , meta and nvidia are up 300, 400 off their lows. In the context of whats happening from rates, when rates bottomed earlier this year, the tenyear is up 100 basis points and the nasdaq is up the whole time, the s p is up the whole time. I think ultima