Welcome to squawk alley. The at Home Technology story continues to deliver big you can see there sonos up 26 this morning after strong earnings want to talk to the ceo in a minute and nvidia also delivered solid results on pc and Data Center Demand beating on both earnings and revenue. Sales up 57 from the same period last year though its lower this morning on modest guidance second biggest gainer on the s p 500 year to date though. Julia, its really interesting how, you know, stay at home stocks maybe suffering a bit but some of the Underlying Technology driving some of that action doing quite well well, jon, one stay at home stock that is not suffering today is roku. That stock up over 6 . Driven in part by the circulation of reports saying that roku could be near a deal with at t to have an agreement for hbo max to be included on roku which would be a big deal and speaking of hbo max, i have to mention that news that wonder woman 1984, the big wonder woman sequel that was scheduled
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Tom good morning, everyone. An exceptionally busy day here at bloomberg surveillance. Lots to talk about on the news front. Stimulus in washington or nonstimulus, the breaking news on china, and markets as well. The dollar moments ago breaks down to new week this of dxy new weakness of dxy. An ever weaker dollar index. That will be one of our themes across the hour. Our Kevin Cirilli reports a deeply divided reports on deeply divided republicans, and there are fire trucks in houston. Jonathan they are united on one thing in washington, and it is china. The consulate in houston shutting down after the u. S. Demand. We have looking up 70 times to that headline woken up so many times to that headline, so we have woken up so many times to that headline, u. S. China tensions. Gold, 1863 note an ounce. On a weekly basis, gold has had a record high. Go to the dynamics you have seen in highyield and ig. Lisa if you take a look at highyield bond spreads today, you can see to have shrunk dramati
Arena, but it wont be putting its name on it. Why its trying to send a different message. And our original series, project home. As San Francisco struggles with one of the worst housing crises in the nation, developers are eyeing the western neighborhoods as the new frontier. Good evening, im veronica de la cruz. And im ken bastida. As Susie Steimle reports, some residents are putting up a fight. Reporter in the heart of San Franciscos sunset district, this old Apartment Building on irving street has become the latest flash point in the battle over housing. The new owner converted the first floor parking garage into five new units and is doubling the number of bedrooms on the other floors to make it 41. Were scared hell turn it into a motel. Reporter jim has lived on the block for 25 years. We feel like we have an absentee landlord running part of the neighborhood. Reporter larry and barbara are also long time residents. In those 40 bedrooms, there could be as many as 80 people. If eve
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th