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Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Tradin ....
A recall a building on post street he and a walked on back in guessing 2005, 2006 which presented some very similar issues. It was a tax credit building. And what happened was and this has not happened a lot but it does come up, what happens when you take an Affordable Housing model and allow for protections and plot that on a place where people either were rent controlled or thought they were rent controlled tenant and that raised issues and complications and we worked through that and did legislation and supervisor peskin made clear tenants werent losing the protections even if you overlaid Affordable Housing. Honestly, colleagues, if midtown had been build in 2014 and everyone had come in we wouldnt have that problem and thats a shift in people with rent control protection to another program. Many protections of rent control exists in the program for example evicti ....
How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow an ....
It was also what came out of pmis. Taylor we had great pmis data. Really showing a divergence between the pmis that you were looking at out of europe where that recovery now seems installed. Most of the analysts said the pmi in the u. S. , dont take us one piece of data as the endall beall, but coming in higher than expectations and that existing home sales data, huge, not only talking about the move to the suburbs but the prices and demand, really something that shows the Housing Market not only in a recovery, but booming. Caroline we were hearing about the potential in real estate and diversified assets. Talk to us about those bets you are making. Where are you looking in that area . Christopher private equity is slow right now. There are not a lot of transactions. People cant travel and do their due diligence. The estate, we are on commercial side, not the residential. What is the value of a mall right now . The departments rem ....
T americas broadcast headquarters in washington where cleaners look like theyre mopping up plutonium weve been issued a 17 page manual handsome instruction book for re entering the workplace now is a long time consultant im green with envy i can only imagine how many billable hours went into producing that document but for what other products and services is this pandemic a legitimate gold rush and richard who are the opportunistic profiteers. Well there are so many it kind of fogl to the mind on the one hand you have the hustlers and im trying to are like the people who are using a social media on the internet to sell fake medicines to sell fake cures to sell fake vaccines and to sell all manner of things that are going to protect you from the virus and from getting sick. Much of that is illegal and many of the claims involved are straight out of the regal but its going on its very hard to stop it exists both in the United States ....