1. 2 million. Thats the lowest since the pandemic began we will tell you which sectors of the economy are hiring the fastest. The answer might surprise you. This company is powering up Artificial Intelligence for Big Companies amid the coronavirus pandemic and the stock is soaring. The ceo of live person i dont know if you can get a live person on live person but thats the idea. That person will join us later this hour. Power lunch starts right now kelly. Im here live live person a big company to watch. Look at this 11,0 11,062 we could have that over 11,000 close like you pointed out for first time in history. Remember that massive run higher in the nasdaq keeps going. At what point will it stop well have to see. Theres a little skepticism building out another place thats driving the action in the nasdaq is the Biggest Company of them all out there. That is apple. The number were looking for is 467. 77. Thats the number at which apples market cap reaches a total of around 2 trillion.
Im katy grindfield in new york, welcome to bloomberg markets. Markets blowing past what we learned about ppi in april. Take a look at big tech. Im going to go ahead and call that unchanged wobbling around we havent seen that big leadership from big tech that weve gotten used to over the past few weeks. Its been a different story. And meanwhile, small caps at the russell 2000 right now, really lead the way. Currently up by more than 1 . 1. 2 at the moment. Well see how long that lasts. But for this moment, small caps are your big winners. Home depot though. Posting weak result this morning for the sixth straight quarter as the housing slump hits the Home Improvement retailer and shoppers hit pause on renovations. Bloombergs john e. D. s joins us with all the details. What went wrong in the biggest way for home depot . Well, its really the macro factors. Its the comparisons really with the strength they had during the pandemic when everybody was, you know, buying bigticket items to impro
York where the Security Council is about to discuss the issue of chemical weapons once again while back at home and in the countries surrounding syria there are a few as refugees will be sent back even while the war carries on. Also on the grid the man whose bribery scandal brought down a president walks free samsungs vice chairman. Was detained for nearly a year but a south Korean Appeals Court has suspended his corruption sentence and people not happy about that and imagine a thousand men leaving one country every day in search of work well actually that country is nepal and while there remittances a vital to the economy they were the risks and abuses that these workers fights. Two hundred sixty five girls sexually assaulted by the same man. Former Team Doctor Larry Nasser was just handed his final so. He will spend more than two hundred years in jail im leah harding connect thats the hash tag to. Go with the news grid live on air and streaming online through you tube Facebook Live a
Quite a nice return to form. We have had a couple of difficult days, factoring in the chinese story, and the s p has been knocked pretty hard. At 1 10 of 1 i dont feel does justice. Atwere down really sharply one point and then we bounced back quite strongly. You can see it here this is the recovery we saw yesterday on the s p 500. You can see its lower as a result of whats been happening in china. Equities back in form. The chinese devaluation is a storm in a teacup. Veryine Central Banks, rarely do they come out and have a press conference. Or briefing that they were stepping in when the market is distorted, they say. An amazing quote the Deputy Governor. He says, trust the market, respect the market, here the market, and follow the market. How much should the market now be fearing this chinese market, or indeed starting to trust at once again . Guy we are getting a few numbers coming out as we speak. The adjusted that income is 543 million. Thats the german utility below expectation
Again, its a hit and miss. We will pick up the system and its going drop south 4th 00 to 8 00 to 10 00. Going up to the lake county and parts of sanoma county. You can see that in fremont and theres not a loot, but a little bit too. Once this system begins to go through, it just gives us the light rain. The heavier rain is on the way. Thats going give us a mostly cloudy day and light rain picking up this afternoon and tonight. The evening commute will be a bare more than the morning commute. Here is the man he is looking at his screen. That makes us nervous. Yeah when you do this for a living you say everything looks fine, but then something pops up. Right now were looking at the latest when i know it comes to road sensor s and the data that we get from the east shore freeway. It says 41 minutes. That just went up from 40 minutes. Things change by the moment. Average speed is 28 miles an hour. Now, we did have an aearlier accident on the carquinez bridge, so we have slow traffic as wel