We will talk to him about what is ahead for 2020. He is the amazon executive who resigned over what he called vein of toxicity running through company culture. Those stories in a moment but first, tech earnings trickling out today. Abigail doolittle is with us. Abigail there was some action later in the day. Another sleepy day for much of the day for stocks. Record highs for the s p 500 and the nasdaq. News came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. When the headline came out, it read very bearish. Stocks initially took a leg lower. The s p 500 going down three tens of 1 . A decent intraday move. The s p 500 finishing down for the first time in three days. The nasdaq, however, managing to keep a small gain and a record high on the date. Pfizer really slipped, 1. 7 . The barclays bond etf up 8 10 of 1 . Tones of riskoff, uncertainty around the pfizer news. Pretty interesting,
Gain tackling your questions on the rally ahead. The trader radar, what are you buying and selling today, josh melissa lets start with what is popular on robin hood according to robin track. That the Spartan Energy acquisition nio popular not only today by the way but saw the biggest gain in popularity for the week netflix, amazon and microsoft. As for Spartan Energy, lets dig into names there is report it could do a spak that would allow the ip ocho plan to make a vehicle everybody wants a piece of the market phil wouldnt be surprised if this happens then lets move on to fitbit, another name to watch. Reuterss did a did a report goy be able to avoid the full investigation into the bid for fitbit if it promises not to use the data to target ads another one to watch, bed bath and beyond reported earnings, sales dropped 50 but still has plans on the street. Raymond james reaffirming a stock buy says it should represent the low water mark in sales and earnings ill end with netflix. That p
Conditions have been fired during the pandemic and one of these incidents leaked amazon memos revealed that p. R. Executives in a meeting attended by the grand poobah himself the worlds richest man jeff bezos plan to publicly character assassinate fired warehouse employee Christian Smalls for simply organizing a small walkout over employees safety concerns so one former Vice President amazon tim bray writes that the firing of whistleblowers isnt just a side effect but that its evidence of a bane of toxicity running through the company culture. Is it really that big of a surprise i mean who can blame base those around us on for treating their warehouse workers like easily replaceable cogs in the machine i mean after all we are living in a society that is right now right now as i speak seriously fighting for the right to sacrifice but we can elderly just so the gods of wall street can start making money off of all of our and ventured servitude backs again. Its a good place to start watch
Treasury yields are up as jobless claims drop. And open for business again, but where is everybody . Errie calm after restrictions were lifted. Muted the session seemed after the week where we saw gains in global markets. We have a pause when it comes to the stock rally overnight. Finally starting to address the the data we trickling and showing the impacts of the pandemic on the Global Economy and the evaluations we see when it comes to markets. Japanese features trending a little lower at the moment. Futures trending a little lower at the moment. Futures flat at the moment. David a welldeserved break. Lets get to the top stories. Despite a recent wrapping up of tensions, the u. S. Trade representative says he feels good about a phase one agreement with china. Robert lighthizer says beijing was honoring the pact when he took significant purchases in recent weeks. Selina wang is in beijing. Take us through what Bob Lighthizer had to say. We got some positive rhetoric about the trade de
A boom bust panel on hand to break it down got a packed show today so lets dive right in. And china announced tuesday a new set of u. S. Products eligible for waivers from salvatore tariffs put in place amid the height of the trade war between the worlds 2 largest economies now the Chinese Foreign ministry issued a statement saying the waivers on 79. 00 products will be put in place on the 19th of may and expire in may of 2021 the new list of products with waivers includes ores of rare earth metals gold ores so wars and concentrates as part of the phase one trade deal between the 2 countries signed in january china agreed to increase imports of u. S. Goods by over 200000000000. 00 over 2 years now the 2 sides held a call last week to discuss implementation of the phase one following a threat from u. S. President donald trump to pull out of the deal if beijing did not meet their commitments now the Chinese Foreign ministry on tuesday spoke of the importance of upholding this agreement.