Shift toward ecommerce. I think for investors, for business in general thats really the question of this moment right now for those businesses that have had this shift to online and have been able to capitalize that, were going to have skzinga on later d theyve done well in engagement because of that shift, how much of that are they going to be able to retain and continue for the rest of the year how much can platforms like apples ios and app store, were getting wwdc coming up in a few weeks, what changes can they and developers make to retain more of that benefit and maybe see a continuing shift in behavior thats unclear, but a lot hangs on that, morgan. Thats so right, jon, and that shift online i think is everything and a big part of that is ecommerce its one of the reasons im keeping a close eye on the u. S. Postal service right now, which is set to report its Quarterly Earnings tomorrow. Last night the usps announcing its finally getting a new postmaster general, louis dejoy, had
Recession. The dow down lost 2,400 points in three weeks and 1. 2 away from wiping out all of last years gains most other indexes already have. Your team of fast money traders to want steve grasso brian kelly, Karen Finerman and guy adami. Im Brian Sullivan guy, i dont like to use this word but is part of this market, investors, panicking no. Again, panic is the wrong word we are within 7 or 8 of alltime high. If people sold stocks given where we were is that panic . The speed things are moving is scary. I dont suggest its panic i dont think youve seen panic. And frankly the job isnt to stoke the flames of the panics its not the job to assuage concerns its our job to tell you what we nifrpg is going on with the vix at this level given the fact that people are not traveling, not going to games, schools closing, thats a fact now we talked about it last night. Thats having a huge effect on the economy and the subsequent kwekt effect on the market ill say this again, i think steve agrees,
Also take a look at whats happening in the treasury market 10year is yielding 1. 816 counting zeros here four commons 12 zeros Google Parent Company alphabet now has 12 zeros, also four commas becoming the fourth u. S. Tech company to reach a 1 trillion valuation joining apple, microsoft and amazon, amazon has since dipped below that mark cramer last night talking about another member is microsoft. Weighing in on the controversy on apple and how much it should aid Law Enforcement by opening locked e locked iphones or maybe creating a backdoor for Law Enforcement you cannot be cool. You have to be cool on your own. You have to take pride on the digital capability you have built. No press release with us or anyone else will do it you will need to build your dig call capability and by the way trust. There is a conversation about privacy already. We have to engender the trust. You as retailers are the keepers of the most important data you have to build trust. Whether importance or privacy
Taking that road, the top most aggressive cities when it comes to driving ranked. Boy is rahel solomon going to be upset about this one Worldwide Exchange starts right now. Good morning and welcome stock futures are pointing to another record open for the major averages as the dow looks to lock in the 22nd record close of the year. The s p on its 32nd record close. Since 2013, when it gained around almost 30 . If it can ink out another 0. 4 , it will have been the best year since 1997 so a big move. Major investor attention on the nasdaq after it closed above the 9,000 mark for the First Time Ever. Just 486 days after closing above the 8,000 mark the faang name playing a role in that move. You can see hear the faang stocks facebook actually up about 19 amazon marginally lower. Netflix down and apple a major driver for that faang outperformance more on that move to 9,000 in a moment lets go worldwide we are seeing markets opening since christmas. The shanghai about flat. Nikkei down abo
Deportation raids early sunday. Well hear from top immigration official Ken Cuccinelli. Why he is demanding Congress Must do something about the border crisis before they head off for summer vacation. We have a huge show and so much more on making money. President trump set to take matters into his own hands with respect to the 2020 census, announcing just moments ago he will use executive powers in his quest to add the question, Citizenship Question. The move already drawing criticism. Blake burman at the white house with more. Blake. Reporter charles, trying to figure out exactly what the executive actions will be from the president as it relates to trying to get the Citizenship Question on to the 2020 census. As of yet the white house still hasnt laid out any details ahead of this likely 5 00 announcement later today. Were being told that attorney general bill barr will be by the president s side, at least at the event when the president lace it all out. Here is where things stand a