Can you see. T the Housing Market continues to thrive in the u. S. , Manufacturing Activity is recovering it jumped to a 19month high comparable data out of the eurozone and japan. Familiar names leading us up apple is up 5 market cap just hit 2 trillion earlier in the week. Its more than onetenth of the way to three trillion already. Incredible move for that stock with 59 minutes left in the trading day. S p 500 as we just showed you, up 0. 4 on pace for a record closing high speaking of apple, by the way, we have breaking news this hour on the companys fight with epic games. Josh so apple just responding with a legal filing the two epics charges. They alleged exactly the same things will all of the legal theories apple is saying here will fail as a matter of competition the motion will fail because they need to show the balance of equities and Public Interest are in its favor in fact, the factors favor apple. Apple goes on to say that epic knew full well that in circumventing the pro
Not entirely clear. The buyers are less enthusiastic. We have had horrible Economic Data. Investors and traders are assessing that reality. It is no longer just somewhere in the distance. It is here today. Many folks are saying you will be the Second Quarter that will matter. Some are saying this rally has to do with traders looking past 2020 to 2021 as the data continues to come out poorly, it could be a problem. David it is not clear what the Economic Data are telling investors. Are they paying attention to earnings, because we are getting to the heart of earnings season. Abigail they are paying attention to earnings. The banks are down in a big way. All of the big banks reporting disappointing profits, absolutely plunging, bigger loan loss reserves. Trading is a bright spot. Morgan stanley saying theyre not sure how long that will last. This is a reality. In march where it was clear the coronavirus prices would create tremendous economic problems, everybody expecting it to hit earni
When it comes to the dow jones, boeing is the worst performer, proved to be a drag. The 10year yield, down slightly after the economic data. Back below 20 a barrel on crude oil. Itn the government saying may give producers money not to take oil out of the ground. The next backup about 41. Lets get some details from Abigail Doolittle on the markets. Abigail it is proven to be a choppy, volatile day. Small moves but nonetheless, up and down, as investors do with jobless claims, earnings. Hat last leg lower right around the time Governor Cuomo said that the shotgun for new york state would extend to may 15, a leg lower. Investors trying to figure out what is behind all the information for data, earnings, and the virus. Behind those moves up and down, distinct camps. Amazon up for the second day in a row, investors think that this company will do well in the shutdown. On the other hand, United Airlines plunging 10. 5 . Some viewing the bailout for the airlines as not enough to do anything
There was a lot of falla yesterday. Unbelievable day yesterday. With two selloff hundred 20 nine s p stocks 20 under their 52week highs. That is a bear market. Apple is 9. 5 of that loss. S p futures up 13 points. Dollar stronger despite the fact the eu rejected the italian budget. 10 year yields did nothing yesterday, despite the big risk off move. Crude, another 7 selloff. I have not seen this in my career. Now oil is up 1. 6 , despite the fact the saudis are pumping a record 11 Million Barrels a day. Jason i was hoping you could explain that. I dont understand what is going on there. Alix with the oil price . If you are goldman sachs, you will say it will get better. It is always hedging and things like that. Time now for the bloomberg first take. Come inside the bloomberg. This is the chart. This is the chart that shows the s p flirting with the 10 correction. Is this dead cat bouncing or what . It is not a dead cat bounce. This is a persistent and sustained selloff. Earlier this y
Sexual assault publicly has given kathryn a lot of courage and has to a great extent enabled her to come forward. Ronaldo has firmly denied the alleged assault. Well get the latest from that News Conference overnight. And how much screen time is too much for toddlers . New Research Suggests under 5s are watching stuff online and on tv for on average 3 hours a day and more than half now have their own smartphone or tablet. Well talk to dads, mums, children and experts about the effects and find out how much screen time Young Children should be allowed. We wa nt we want to know how much screen time you allow fior under fives, your primary schoolchildren and your teenagers. And have you had surgery to enhance your backside and if so how did it go . If you have had a so called brazilian butt lift, the most risky kind of cosmetic surgery you can have, if you have had such a procedure, please let me know and why and how it has gone of course. Send us an email, anonymously if you prefer. If y