Waste. Thats why the tech heavy nasdaq rallied when the dow tumbled 226 points and the s p 500 back slid sure, the tech titans respect crowing about it, that would be in bad form. But when you look at their numbers, versus the economy, gdp down over 9 in the Second Quarter, lets call that the worst ever, with 17 million continuing jobless claims. It feels like the old economy is lost the house of pain is the new companys gain. The house of pleasure at the very least, the cloud and communications have gotten a massive windfall here. Digitization pulled through by two, three, four, five years look at that 7. 4 billion revenue amazon reported. Theyre like the amazon mint, because people dont want to put themselves at risk bishy shoppig in person. Amazon is the answer to the pandemic every day some pundit comes out here and argues that the Federal Reserve is propping up the economy by keeping Interest Rates low. They tell us its a bubble they tell you to ignore it they imply the gains in t
He believes are crucial in understanding the conflict. This talk is part of a symposium held at the library of virginia in richmond. Our last speaker is well known to to all of you, gary gallagher, he is the the third professor in history of the American Civil War eme trchlt itus and the founding director of our cosponsor, the center for civil war studies at the university of virginia. And knowing that gary was about to retire a number of years ago and move west, ive been writing just about every introduction for him over the last few years as if it were the last time we were going to see him in richmond. I want to take this opportunity now to apologize to gary for trying to show him the door and kick him out of the state every time he speaks here. Im very happy to have been wrong in my assumption that garys retirement would mean farewell and very pleased that in his retirement gary remains a fixture in the commonwealth. As i think Everybody Knows and appreciates, garys contributions t
Saudi aramco ahead of the market debut and the Worlds Largest ipo. And masa son speaking out. Worldwide exchange begins right now. Good morning and welcome to the show, fs friday, december 6. Im in for Brian Sullivan who is in vienna, austria hell have the latest in a few moments. Lets take a look at what is happening with stocks. Major averages are lower for the week the dow is on track for the worse Weekly Performance since midaugust but things are shaping up positively. The dow will open up about 75 points s p up by 8 points and the nasdaq up by 29. Ticki ticking slightly hire 1. 797 two year at 1. 59 . The nikkei up a quarter of one percent. Shanghai half a percent as well. 1 gains for the south korean kospi. Posting biggest weekly events. And in european trade, a big miss in Industrial Production seeing the biggest drop since april falling 7. 7 estimates were calling for 0. 3 rise ftse 100 in the uk up three quarters of one percent. Looking at top stories today insurance giant Pho
Xhoentsz are lower although exxon is trying to hold on, intel, home depot, caterpillar, ge, theyre the biggest losers, all down 3 , nearly 4 for some of them. The big news around bond yields which are rising again this morning. Were waiting for the ruflts a crucial 30year bond auction moments away yesterdays bond auction was a market mover well see if todays is the same as we start to worry about just how much debt there is out there and whether or not investors are willing to buy it. Check out the stocks that are bucking todays big selloff, however. Twitter is soaring after reporting its first ever profit. Higher by more than 16 . Grub hub and the New York Times also surging. More on all three of these stocks straight ahead. Tyler. Thank you very much, michelle im Tyler Mathisen welcome, everybody lets get right to the store of the New York Stock Exchange where bob pisani is standing by pl hello, bob. Once again in the middle of the day this is becoming a regular thing. S p 500 volume
And el chapo, his wife delivered his child in america, thats called an anchor baby and speculations are running wild about the help he must have had to get out of a maximum security prison. There are no summer doldrums. Facebook, netflix their stock is powering healed. Here comes donald trump. Varney company is about to begin. I am confident that this deal will meet the National Security interests of the United States and our allies. So i will veto any legislation that prevents the successful implementation of this deal. Stuart that was the president earlier this morning, broadcasting live to america and live to iran as well. He was commenting on the iran nuke deal. Here is blake burman giving you the deal. The president gave a laundry list, the first is the sent centrifuges centrifuges. And they can inspect iranian sites. Sites could include military sites and they can show up 24 7, but iran could rebuff a request and stall the process for at least 13 days. And the end of the deal is