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Industrial average is up more than 760 points. Steve weiss, i go to you first is this how a bottom, at least a near term bottom, is made . Does it feel like we are trying to do that today right friday we started trying to do it, towards the last hour of trading powell came out and talked i dont think there is any surprise to what he said i put some exposure on then. Put more on this morning feeling good about the market. But i think it is going to be shortterm heres why the u. S. , as of friday, performed 500 covid19 tests right . Putting that in perspective, the uk performed 8,000, south korea performed 65,000 the point is that once we start ramping up those tests and pence said we would have 5,000, you are going to see in my view more major outbreak in the u. S. You think the numbers are going to go way up. Dramatic and that will put pressure on the market last week alone i spoke to five Tech Companies you hear them saying 50, 6 ....
Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorl ....
Is up a buck. Our roadmap begins with historic highs for stocks, and the worst plays at these levels and where it may go next. It is amazon prime day, and now the company hoping for a big boost to its bottom line from new amazon prime members, the real driver behind the massive craze. And pokemon driving nin tete stocks up high, and stocks looking to make more history, a day after the s p set those record highs since may of last year. Alltime internet high now 2143, the closing high, 2137. Nasdaq poised to open in positive territory, which it has not done, unlike the other two, all year long. Your point this morning, jim s, not enough people care at this point . No, too many people ordering shoe dog for you on amazon prime day right now. Right . Here we go. Im ordering shoe dog. Nick nike has yet to confirm, starbucks has yet to confirm. If we can get amazon to get going, we get cisco, say through 30, intel positive note, we take microsoft and shoehorn nintendo, we could get them. This ....
Ceo john chen says the company is already planning a Second Generation of the phone. But will the passport be enough to turn blackberry around . We hear from the ceo himself. What is next for larry ellison, now that he is not oracle ceo . Could he be the next tech mobile to buy an mba franchise . He has tried before, and might have a new target in the mba hawks. To the lead, the talk of a bubble in Silicon Valley is starting to gain steam again. Some of the most respective voices in Venture Capital are sounding the alarm. They are warning startups are burning through way too much cash as they get round after round of funding, leaving many with multibilliondollar valuations. And reese and Mark Andreessen tweeted when the market turns, we will find out who is bee ....