Nominees. And, election security. It is at the top of everyones mind. What the cloud flare ceos company is doing to thwart cyberattacks. Plus, highlights from my interview with Disney Ceo Bob Chapek in the last hour. Disney plus shares jumped in afterhours trading. First, lets get up to speed with all of this market move. Tech dominating the day. Mastec registering its best day since april. Abigail doolittle, what a day. Abigail the nasdaq 100 having its best day volatilead all of this action, speaking to the big gains in august, the big selloffs in september. We now have the nasdaq and s and p trying to take back on those alltime highs. A new wants to this is this year, in 2020, these big internet stocks are considered to be quote unquote defense. The companies have really been outperforming from the stayathome trends. Apple up more than 6 . Its best day since july 31, when the stock had surged by 10 . That is the degree of the buying power. We are seeing how much the investors and tr
Joining me youre making a point of whether or not we need to see a reconstitution in what we have called f. A. A. N. G. We have had a reemerging. Time to look at some of the lesser known tech names and the smaller teches that are just getting started. We have two of those on the show today. A cloud air company is up big after reporting the latest quarter, and big commerce is finding its footing after its first earnings report. If youre an investor out there and you have gotten motion sickness from teslas stock lain changes. Coming up in just a couple minutes, right thats a great point, jon this year were hearing more about some of the other names you brought up but in one way i would say these are not necessarily smaller tech investors are getting nervous even though we have seen very, very good quarters from the like of docusign and c scale. Were seeing that perhaps that dont fill these excised expectations people are starting to wonder have they run up too that is a good place to beg
Weeks. Many local governments are already tightening restrictions ahead of the fourth of july holiday. Los angeles which is the nations most populous county is closing beaches and banning fireworks this weekend. Begin to toggle back on the stayathome order. If you wont stay home, and you are not going to wear masks in public, we have to enforce. Governor newsom said that they will look at current stay at home oig orders and the relationship of indoor versus outdoor activities. And he will make the announcements today at noon. Were getting an idea of what the Upcoming School year could look like for k through 12 students and staff. Santa clara Health Leaders released guidance. Education is something of course that were foe you canned here focused on. And the pressure is on to prepare for a possibility of a return to the classroom. Julian glover, what about this . Yeah, first off the clara Health Officer dr. Cody says there is no guarantee, but they have to be prepared. So they are layin
Adults have to wear masks at elementary schools, but student wont be required to. In middle and high schools, they will need face coverings on all the time. Social distancing will be required in aull classes. This is public and private schools. And it will be up to individual School Districts as to when and how they reopen. Oakland parents were asked last month to way eigh in on th kind of instruction they would like to see and results of that survey have been released. Lyanne melendez got a look at what parents are asking for. Reporter 4500 families participated in the survey offered by the Oakland Unified School district. Parents were asked how should the district reopen in the fall. A nonprofit helped with the survey. They want more regular communication with their teacher, they want more instructional minutes with their teacher. And they want more small group and one to one instruction in particular. Reporter most parents were fine with half day in school and half day of distanced
Meeting with governors that he believes that the fed chair is doing a good job. Also saying dr. Anthony fauci wants to play all sides of the equation. Nowas been pushing back on is the time for the economy to reopen we could backtrack on the progress we have made in the midst of the pandemic. To talk more about the market slide today, i want to bring in taylor riggs. Turned negative for the year. We saw the nasdaq boosted by tech considerably over the last several days. What has happened to start this turn . Taylor we have had some poor economic data. I want to talk about some of the cpi data to reinforce what we already knew. We are in a deflationary environment. You also mentioned jay powell. He said the economy faces unprecedented risks and could lead to economic damage. What that means for the nasdaq we have erased the gains we have had for the year. Year bynegative on the about 1. 2 . As you mentioned, big tex has been big tech has been in outperform or. Outperformer. The rest of