London mayor sadiq khan is set to recommend more restrictions. Bruised. Leaked documents related to troop 2 trillion in transactions, showing banks profiting from powerful and dangerous actors, even after the u. S. Introduced penalties. Low inlls to a 25 year hong kong. Plus, pet review. The eu starts an evaluation of a pandemic bond buying program. Policymakers are expected to discuss how long they should continue as well as whether or not they should widen the rules for older programs. Just an hour away now for than the start of from the start of cash equity trading in europe. Lets look at where markets are pointing us futures are pointing us. A drop in asian stocks. Ftse futures off one full percent. Concern of course about further or another renewed lockdown driving that market down further than the others. You see dax futures up 0. 8 . Look at u. S. Futures, not down as much right now. Looking at a drop in u. S. Across the s p, the dow, and the nasdaq, about 0. 5 right now. Anna f
An epic run up 400 this year. We will explain how the retail trader is driving the stock. Plus, big tech, big deals, toppagist tells us that companies amazon, facebook and alphabet should be buying up right now. Consolidation. Power lunch starts right now welcome to jim maybe well get to say hi later on its a record week on wall street which marks the end of the coronavirus bear market. Its coming to a close here. Bob is watching some key numbers for us bob. Its been a record week we had good numbers today. Our manufacturing and services is keeping us positive just want to show you some new highs. A lot of stuff involved in tech. Internet, anything having to do with the internet. Fdn is the new one the hold building, that itb had been on fire eight straight weeks of gains. U. S. Home sales hit a record pace today we saw home prices also move up as well. Look at some of these new high list is fairly thin but a lot is building related horton, pulte, lumber liquid daters these are all at
As much as 10 some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for 25 billion in additional aid for the airlines. Nasdaq record high, gold record high, oil at a fivemonth high, 59 minutes left to trade, wilfred. Were up 0. 6 on s p 500. Ahead on todays show cbs giving up despite strong earnings and guidance, well speak with Ceo Larry Merlo about the results. Plus shares of twillio up 50 but taking a dip on earnings today. Well take a look at work from home winner. Roku, etsy and zynga analysis as soon as they cross first big stories were watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on a multibillion dollar tech tale mike, first with you. Objects in motion tend to stay in motion to this rally grinding higher as a lot of the macro forces are pretty familiar right now. Another leg lower in the u. S. Dollar, real Interest Rates are further into negative terr
Ceos. We have industrials in housing covered. The initial jobs claims yesterday as well as a second potential wave of the virus in the u. S. , lets get to the unemployment claims continuing their decline. Jay powell said yesterday there may be millions of people who do not get back to their jobs and it may be a while before they find jobs again. Joining us is Michael Mckee. If we had gotten this jobless claims number a few days ago the market would have said, it is not as bad as we thought, and today the narrative is different. Michael i would not try to put what the market will say into my words because we will wait and find out, but if you want to trade on disappointing news it will be the jobless claims. They declined for six straight weeks but they are still at 1. 5 million. Watching, iyone is non numbers because we are not comparing it to last year, we are comparing it to last week and the continuing claims have plateaued but are still high, suggesting that what jay powell said wi
The dow is down now 1040 points now live from ep rate locations, youre looking at the worst day for the s p since may 1st. For the dow, it is since april 1st, and you really have to go down about 1200 points to go further than that. Were watching a number of different dynamics at play one is just the reality check that we got from the fed and jay powell, it is the recovery, the covid spike that sarah was juk talking about, and the success in various pockets apple is down, but it is still up more than 7. 5 for the week microsoft is similarly down almost 2 today, but up 5 for the week sam z amazon, google is just up 1. 3 for the week and down today, but you cant just look at one day up or down so we have been up so much, morgan, one wonders how much of a reaction in the market this is going to be. We have been hearing for days and weeks now the idea that the rapid run, off of the lows, for major averages from that march 23rd low that were looking overboulgt or even like they were getting