Billion on amazon during the lockdown. The stock is up 169 per share. Facebook, another pandemic winner. 2. 4 billion people used facebook or one of its apps every day. That is global clout. The stock is up 16. Now, google, that is the exception to the stock price rally. They reported a firstever decline in quarterly revenue with the economy lockdown, advertisers slowed their spending. That stock is down 16 bucks. Overall, stocks are going up this morning. I see green for the dow, green for the s p and especially a lot of green for the nasdaq, up 111 points. No deal on stimulus. Democrats and republicans negotiated last night. Neither side emerged optimistic. Politico reports that offers were exchanged. The white house wants a fourmonth extension of jobless benefits. The democrats want much longer. Perhaps a deal is still possible. Here comes the hurricane. Look at that cone. Probably not going to be a good beach weather up and down the eastern seaboard this weekend. What does that do
New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi
9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc
Hello everyone, its 6 a. M. In the besieg gazo strip and youre watching press tv world news. Our top story, its over five months into israels Genocidal Campaign on gaza and the regimes indiscriminate attacks continue claiming more civilian lives. In one of the latest attacks, at least 10 palestinians were massacred and. Several wounded after Israeli Forces bombed two homes in der abalah in central gaza. Most of the victims were women and children. Separately, at least two people were killed and dozens injured, some critically when israely forces fired at eight seekers at al nabulsi and alkuwait roundabouts in gaza city. Meanwhile, at least one civilian was killed and three injured by israely bombing of a home in jabalya in northern gaza. The israel. Side has so far killed 30,800 palestinians, most of them women and children, and thousands have also went missing and our fear dead and presume buried under rubble. Nazars largely destroyed vital civilian infrastructure in the gaza strip as
Hello everyone, youre watching press tv live from the studios in tehan. Thank you for joining us. Now its over five months into israels genocidal war on gaza and the regimes indiscriminate attacks keep claiming more civilian lives. In one of the latest attacks, at least 10 palestinians were massacred and several others wounded after israely forces bombed two houses in diraballah in central gaza. Most of the victims were women and children. Separately, at least two people were killed and dozens injured, some critically when israely forces fired at eight seekers at al nebulsi and alkuwait roundabouts in gaza city. Meanwhile, at least one civilian was killed and three others injured by israely bombing of house in jabalya north of gaza. The israely genocide that so far killed 30,800 palestinians, mostly women and children. Thousands of others have also went missing and off field. To be dead. Now israel has largely destroyed vital civilian infrastructure in the gaza strip as the months long