Another day of dragged on stimulus talks, john. Intel not a small factor in the trade. When i think of volatile tech stocks, i tend not to think about intel. Look that two year chart ups and downs. Its like an obstacle course, a tough mudder or something. Last quarter, it was about the supply side and intels manufacturing. This quarter the surprise was more around demand and the extent to which enterprise and government just isnt buying in the data center. Cloud picking up the slack that has an impact on margins. Of course, we have the pc stuff going on which is largely a tail wind they havent for a long time but theyre not buying them in the enterprise as we would expect people are not in the workplace. People are adjusting the way they work. That does have an impact on intel. A lot of balls in the air here this volatility predated, bob swan particularly on that manufacturing side but now hes got all of these other things to deal with as well investors looking for clarity around what
It closes corporate loopholes and invests in schools, small business, and firefighters. And when the big corporations pay more, your tax bill goes down. Thats right. A savings of a hundred twentyone dollars a year for the average home. Give homeowners a break. Vote yes on 15. Red flag barnings will go into effect first thing tomorrow morning as winds developing, increasing our fire danger. Well have all the details in the forecast. A Public Safety power shut off is expected to happen in this oakland neighborhood tomorrow. You can see why there is concern out here. The longterm effects of covid on your brain. What patients say theyre experiencing when it comes to coronavirus and cognitive health. The push to reopen a beloved palo alto playground, why its popularity could be the reason why it remains closed. Abc7 news starts now. Building a better bay area for a safe and secure future. This is abc7 news. In the longterm, if its always on and off, on and off, it kills our business. Fear a
After one more record shattering day. The dow advancing and s p gaining 1. 22 . Time for wardrobe change why put on a sweater when its 80 degrees outside because my late mother, cramer, gave me great advice many years ago. Mom loved the stock market but more than that, she loved gambling she loved the ponies the races and liberty raceway. Loved the daily double most of all, she loved the slots. Im more of a blackjack guy. Mom couldnt buy a onearmed bandit throwing away some money. Funny thing, though. She there is us in Atlantic City funny thing, she always had good luck at this game of chance. Im not talking about a row of cherries but peaches, plums, even three bars. One time not long before she passed 35 years ago, we went fishing off her favorite pier and then headed uptown to resorts, thats the one she wanted to play she was an Unstoppable Force she pulled and pulled and the worst she caught was three lemons there was a pile of coins so high, didnt matter. She was hot, hot, hot. A
Economist fears to put it all in perspective, chief Economic Advisor mohammed will be joining us. The worlds searching for a cure for the deadly coronavirus, one Company Thinks its device could help save lives, the chief medical officer and cofounder will tell us how it all works. In schools across the nation get set to reopen, one company is ready to make learning from home easier for teachers, parents and students, is sounds good, sullivan learning is here with the fox business exclusive, were less than hour to the closing bell, im abstention Ashley Webster in for liz claman, lets start the claman countdown. Ashley breaking news, right off the top of the show, mgm resorts is said to reopen the mirage casino resort on august 27, and headed crucially of the long Labor Day Holiday weekend, the 3000 room resort along with many other casinos in sin city has been shut since march due to the coronavirus, a sign of progress, right there. Mgm reopening the mirage august 27, as for the markets
And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m