Vaccines for the u. S. Before sending them to other countries it coincides with reports that his administration actually rejected an early offer from pfizer to double its order of the vaccines more on this from washington with mike hanna. Its clear that this executive order comes from the differences between pfizer and his administration and the refusal of the administration to commit to buying more than 100000000 doses at the time that it could the executive order ports to insist that all americans must be treated before any doses go internationally well this is simply an in forcible it would appear has signed a large number of International Contracts as has the other company but these companies contracts already in place in some cases doses have already been shipped internationally so certainly this is something that would be very hard to legally enforced president tran claims that he may invoke the National Procurement act seldom used. To force companies to actually comply but its v
S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
Protesting facebooks failure to address the vast proliferation of hate on its platform. Facebook responding saying it will change policies to prohibit hate speech. The fallout was felt far and wide across the tech sector. What is the impact, guy . These are hand full of companies but has the levee broken a little led zeppelin way to go with the zep reference right at the top the day trade, now its a lot bigger than that and i absolutely think its a big deal facebook is so far behind the curve. They are zigging when they need to be zagging. They need an emergency meeting because as we said three nights a ago, those Companies Might be the first and now last hershey, prok tits showing a l things going on. Facebook acted as a monopoly for a long time. They never had a focus on these things now when they have to focus on it, they are sort of dammed if they do and dammed if they dont. Advertisers had to accept whatever it was facebook put out there. I really commend verizon, hersheys coming
Another day. They wanted to hear from mayor San Francisco mayor london breed also in attendance at that location on the steps of city hall was actor and activist jamie foxx who addressed the crowd as well, i mean there their anger is still there about what happened with george floyd but now they were as says widespread as what we saw from say saturday and sunday monday was a little bit better and what we saw over the weekend we still have not heard of any new numbers in the overnight hours and were still working on that for San Francisco, lets go across the bay to open with thousands of people gathered at around 4 oclock in the afternoon at oakland tech. And this gathered momentum on social media and it was widespread i even saw on social media, they said show up protests dont create any destruction and for the most part that was pretty much what happened from oakland tech they marched down to the Oakland Police department through the streets and they were followed by Police Officers.
At a 10 plus number for on them limit on friday. The dow jones is down zero point 3 . The s p is positive by just a point. The nasdaq is down by four points. Very Little Movement right now, at least around these indices. The dollar index is stronger today at 100. 18, as the said continues to as the fed continues to invent ways to get money into the economy, the latest to get banks to breach their leverage ratios. What is going on in europe right now, guy . Guy as you say, the dollar is creeping up, which means the euro is going down. The euro a big component of the dxy index. The dollar regaining a bit of traction right now despite the fed efforts. European stocks down by about 0. 6 . The only sector in positive territory is the oil and gas sector, given the climb we are seeing in crude prices. Brent is up by 5 on expectation for the president that a deal can be done between the russians and the saudis. Eurodollar now with a 1. 08 handle. Down at the bottom, youve got a bit of an offer