Well talk to an influencer and you have no idea how much i want to be an influencer about how she is making money on tiktok. Later, godiva chocolates is remolding its business amid the coronavirus pandemic the ceo will be here to tell us whats working and a lot is working for this company in the consumer space power lunch starts right now thanks welcome back welcome to power lunch. You can see that tech continues to dominate the market today the sector up more than 2 outperforming everybody else thats in large part to apple up 3 today shares of apple are now up about 50 on the year. Its been an incredible run. That brings the companys market cap to 1. 9 trillion and change. Were within tuouching distance of a 2 trillion dollar market cap. Also take a look at nvidia today. Its up more than 85 this year. Nvidia has been a monster. Tesla up about 4 to just under 1500 share. Theres one wall street analyst chasing shares well have those details shortly. Tyler, back to you congressional lead
To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Do we ask everyone to turn on their cameras . Were getting ready to get started. The hearing will come to order. I welcome everybody to this hybrid hearing. Both ranks member mr. Hysse and myself have wanted to have hearings resume in person especially when we are in session. I made a promise that i would fight for that, and today is the fruit of that effort. I believe when were in session protecting everybody, those who are not comfortable or physically cannot join us in the hearings room, are more than welcome to join us through web i no noor. We ask everybody when they were not speaking, to wear a mask. I really appreciate that cooperation of for members appears remotely. House rules require that we see you, so police have your cameras turned on at all times during the course of the hearing. If they can let us you can use the chat function to send a request. And if that doesnt work, you can unmute and seek recognition. These arent ideal circumstances, but we are in the midst of a pa
Weve already had some great conversations this morning. We drive that forward in this hour, and out to jon ferros the open at 9 00. We are really going to focus on the dominion Warren Buffett transaction, which i find absolutely fascinating. Within all of this is a lift to the market because the government has the back of the financial system. The dominant feature right now is the certitude of 1 trillion here or 1 trillion they to buoy the economy up into the end of the year. Jonathan maybe another 1 trillion this month as well. Theres a huge debate taking place in washington. It is not a matter of when. They will do this. It is not a matter of how big. It will be large. It is a matter of the composition, what they agree on a moment. I am edging there is going to be some pushback down in washington in the next several weeks. Futures up 38, dow futures up 374, so a real lift to the has as aea all of this backdrop dependent. It is really a mixed picture. Theres no russian about that area
I was very impressed by that. Taylor i am taking a look at some of the individual sectors. I may need to do a correction. The utilities, some of the worst performers, and the industrials. If we were really thinking that this infrastructure plan could go through, they were up less than 2 , just mildly outperforming, but mostly right in line. Here in the green. We were having a discussion of a discussion about how cheap everyone else looks and if the u. S. Can command a premium given that there is more growth in this market. Romaine samantha is still with us. There are sort of a lot of crosscurrents here in this market. We talked about the idea of the market sort of being swung by concerns of a covid19 second wave. Of course, in the middle of all that, you have corporate profitability and earnings, still relatively opaque at this moment. What are some of the main things you are looking for that will give you some more clarity about how sustainable this rally is . Samantha i think we have