Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk
Both companies app stores. We will get into that. Check this one out. Joe biden calling for a nationwide mask mandate for all americans for three months, even if you are alone in the park. Then he takes no questions after announcing that plan. We will get into all of it for you and it is time for friday feedback which you still have time to send in your responses. Email us, varneyviewe varneyviewers foxbusiness. Com. We may read your email if you send it in now. An epic three hours ahead. David asman in for stuart varney. Varney company about to begin. David lets get a check of the markets and as you can see, the futures are down on the s p and the dow jones but up again on nasdaq. Meanwhile, its been 100 days since that march 23rd bear market low. Come in, ashley webster. Ash, we have seen a historic market reaction, a bounceback, right . Since hitting the lows on march 23rd . Ashley absolutely. Good morning to you. Since hitting those lows back in march, hundred day stretch going all
Expected to make 4 billion in this current quarter, they will plow most if not all of their money right back into the business on what are being called covid expenses. Typically this company gets a case they ares not, probably because this case far the stock went too too fast, so giving a lot of that back. Far, too fast, tesla had been a double, but down about 11 . Down aboutlook 11 but it ceo gave it a push. Abigail i would agree on that, it is hard to interpret these tweets. Elon musk tweeted saying that the stock is too high in his opinion. He also put out a couple other tweets saying that he is selling many of his physical possessions including not owning a house, get people back the freedom. It is he is known for shooting off the cup in terms of treating, so it is hard to know how serious he is. M a valuation stand for standpoint, the stock is too expensive, 31 times enterprise value, and the chart, this chart is caught in what could be a double pop. If this were to confirm, and t
Let the sun shine in the sun shine in let the sun shine let the sun shine in the sun shine in good wednesday morning welcome to squawk alley. Im Carl Quintanilla with john brennan and post morgan. At this hour the cairline ceos are meeting with the president this hour. We will give you updates as we get them and the rally, pretty impressive here stocks back in the green after the surprise fed cut rate tuesday. Steve milanovich joins us, tech strategist at World Research and the director of global mack affordability. I have been watching your tactical calls over the last week or so theyve been pretty sharp. You said you expected a rally this week. The question is now, what do we do with it yes, the markets remain in sort of a price discovery mode its unknown whether the low that was last friday, interday low at 29. 50 or so or whether its lower these are unknowable things because its a fastmoving development. But i do think friday we got to an oversold point and rally too, 3,100 was fai
Sevenweek win streak and tech is the secondworst performer in the s p. Joining us for the hour, Barbara Duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right . That is for sure. And i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. And we have yet to see the effect of the Interest Rates next year. But trade, i think, its what people are expecting is that therell be no more bad news i think hoping for something more, like a rollback of tariffs would be a bit much. This seems to have morphed into a geopolitical technological fliskt i think the downside is limited also for those same reasons, plus people are defensively postured and so on but i think what its going to take is next year, having to see what the earnings are going to be and thats a possibility is the market even considering that possibility is that priced