In a. U. S. National intelligence authorities and this is important have rejected the conspiracy but many inside the white house including the president have still played it up sans real evidence critics charge what the white house is doing is deflating or deflecting attention away from the fact that the u. S. Has a response to covert 19 fares well poorly compared to that of most developed countries including south korea and now even italy. But the u. S. Dealings with china are not confined to a war of words between washington and beijing c. Theres also this last week the United States sent b. 52 bombers into the South China Sea as a show of force in the region and then over the weekend 2 more u. S. Navy ships were sent to patrol the South China Sea the u. S. And the u. S. And cesar chavez are both being assigned to patrol the area off the coast of malaysia where the u. S. Accuses china would stealing the countrys oil supply china argues look the region is part of the South China Sea w
In a lob u. S. National intelligence authorities and this is important have rejected the conspiracy but many inside the white house including the president have still played it up sans real evidence critics charge what the white house is doing is deflating or deflecting attention away from the fact that the u. S. Is response to covert 19 fares well poorly compared to that of most developed countries including south korea and now even italy but the u. S. Dealings with china are not confined to a war of words between washington and beijing c. Theres also this last week the United States sent b. 52 bombers into the South China Sea as a show of force in the region and then over the weekend 2 more u. S. Navy ships were sent to patrol the South China Sea the u. S. Government and the u. S. N. S. Cesar china. Yes both being assigned to patrol the area off the coast of malaysia where the u. S. Accuses china with stealing the countrys oil supply china argues look the region is part of the South
Facebook premarket, zooming after a big gain yesterday. Its Financial Report suggested some stability returning to the advertising market. Facebook getting 98 of its revenue from ads. This company is a truly global platform. Over 1. 7 billion daily users. Stocks up another 6 this morning after a gain yesterday. Look at microsoft. Big gain yesterday, modest gain this morning. Its close to its alltime high. It says the virus had little impact on its business. Up 1 , microsoft, this morning. Its true to say these trillion Dollar Tech Companies are again pulling in a big chunk of investors money. One more for you. Tesla. Yep, another big gain. Elon musk is furious at the california authorities for keeping his fremont plant closed. He calls them fascists. More on that in a moment. Look at tesla go, 854, up 54. Overall trn overall, its a down day. The dow is looking to be down 280 points. The s p down 33, and the nasdaq, despite the success of big tech companies, thats going to be down as we
Bank lets check the numbers and see where we stand the dow is off 1. 5 . 24,260 s p at 2900. Russell, all the way on your right. Its been a big out we are forming giving back about 3 today. Were going to look ahead to those earnings tonight but we have to look back to last night. You own facebook, microsoft. No wonder these stocks have been doing so well. They justified the it last night, didnt they they did. When facebook comes out and says ad revenues have stabilized, thats a very powerful statement. Weve had this debate is old tech tired or is big tech tired. Can it keep giving we saw their operating morals are fantastic. Apple may be the squishiest of all because they are directly tied to the consumer phones. I phone it im not doing anything with it so what . This is where you want to be you want to be in whats working because the companies are bilts to work. Its where technology is and where its going 5g as we talked about so many times. Funny you say that. Kramer said so Many Com
Up 0. 8 nonetheless. A lot of companies suspending guidance, but a few green shoots as well. For example, cap talking about upsizing for example, gap talking about upsizing its bond offering today. That is really rallying today. 11. 8 monthere down over. Month for retailers in general yen strengthening today month over month for retailers in general. The yen strengthening today. Waiting for the ecb later this week, as well as the fed, for some forward guidance. At 13. 15. Ng the vix at 32. Companies withdrawing guidance at a rapid clip this quarter. Our next guest says we need an event that could offset the black swan pandemic. Lets welcome Jason Trennert, strategic us Jason Trennert, Strategas Research partners chief investment strategist. Say, as aave to market for does but, i am not counting on it. Ash a market participant, i am not counting on it. It is certainly not my lane, but i think all the experts i have listened to would tend to think that the white swan event in terms of a