It is an earnings trade today. We will get into that in a moment. 8he 10year yield at 50 i basis point. Not really moving around that much. Bid, pushinginy the 10 year to 58 basis points. Story today is facebook and twitter. Down 5 , a quarter of advertising revenue for twitter, even as an added subscribers. Lets get a deeper dive. Taylor riggs is standing by. Taylor mostly risk off, but tech is not as bad, given earnings are coming in a little bit better than expected. There has been a recent shift in the conversation that tech is being thought of as defensive here, holding up better than people thought. Take a look inside the terminal. A lot of the negative price action that we are seeing stems from that Consumer Spending report we got, the worst ever dip in Consumer Spending. Income and spending was weaker than expected, which means some analysts think that firstquarter gdp data will need to be revised lower as well. I want to look at what happened overnight within the s p 500. A lo
The dow futures down 448 points. Down almost 2 . S p better than 2 , nasdaq lower by 225. 2 and a half percent there as well. Strong showing in april despite losses yesterday, the dow, s p 500 posting largest monthly gain in 33 years for month of april. Oil prices are still down this morning sliding again, take a look, this morning more on the impact, low prices and decline in demand are having on big energy. Oil now 39 cents, better than 2 . I will be speaking this morning exxon mobile and chevron will be reporting and we will speak with the ceo of chevy robe coming up. Amazon with jump in sales but seeing profits fall as cost of doing business of the pandemic rises. Could post First Quarterly loss in 25 years. More bombshells, more unsealed documents reveal the fbi was moving to close the investigation of Michael Flynn back in january of 17 before agent peter strzok stepped in to say keep the case open. Flynns Attorney Sidney Powell will join me powell at 8 10 a. M. Eastern on the ef
Announcer its the late show with Stephen Colbert dems the break week 2020 candidates, gone but not forgotten, except the ones we forgot. Tonight taunts and prayers. Plus stephen welcomes mayor Pete Buttigieg and Patton Oswalt. Featuring jon batiste and stay human. And now live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen hey, hi there cheers and applause fantastic. Very nice, very nice. How lovely. How lovely to be with all of you. No place i would rather be in the world than with you people right now. Welcome to the late show. Im your host, Stephen Colbert. cheers and applause stephen so here we are. Here we are. Trump was not removed from office, which we never really thought he would be. So what now . Wither the republic. Some people fear that now there is going to be nothing to hold him back. Trump unleashed, off the rail. A, thats not a leash. It is just a really long tie. laughter and b, there were never rails, not even th
Termination of and kirkpatrick now and were told that this was a week in conversation but they have been monitoring this about 2 and a half years we do also want to say that. She. There will be an acting chief to take her place until they move forward with a nationwide search to take this new job but lets take you into the press conference that just wrapped up minutes ago. So tonight. Oaklands Police Commission voted to terminate the chief and request that i as mayor join them in a joint no cause termination which i accept it. The Police Commission is the communitys voice. The voters of oakland and 20 16 created the most powerful and independent Police Commission in the country. Tonight they exercise that power. Its my duty as the mayor to recognize the role and authority of this commission. And also to recognize when the trust between the Police Commission and the police chief has become irrevocably broken. That will prevent this city from moving forward. Now on they would not discuss
Tonight an undercover action the governor is urging operation got 8 more lawmakers to take on this issue this year. Additional drug dealers kron a historically the state of fours j r stone following the the state address is normally story for us he talked with used to earmark Important Police and experts who say issues and accomplishments but fatal drug overdoses are actually on the rise in the in his second state of the city and much of that is going state speeches governor gavin on in the tenderloin jr. Newsome spent his 42 minutelong address focusing solely on homelessness to they certainly are can in 2018 they were on the rise and disgrace that the richest they continued to rise in 20 state in the richest nation. 19 as well tonight i talk with succeeding across so many the woman who said its become so common overdoses that is sectors is falling so far that she now carries narc and with her. Behind to properly house, hell and humanely treat so many of its own people a met fan and an