Good morning, what a friday morning. No lack of news today. Home sales, the biggest quarterly jump in history. Management changing for some of jeff bezoss and it is a 4 gain today. They added nearly half a trillion in the market cap this month. It is staggering, because apple right now is about 62 billion plus above the 2 princip trillion mark. That is like adding vm wear. That is your oef raj over the two tril mark. I dont know how history will judge that when skail has taken on new meaning im crashing my ahead because im not wrong, right it is remarkable but it raises questions about the breadth of this rally, right . We continue to see the big tech mega cap names push higher and investors saying can it continue, youre leaving a lot of names in the s p especially behind, karl. Thats right, something to watch as more and more people are looking for signs of a bubble now we have a piece that just crossed regarding facebook laying out contingency plans should the president try to delegi
In may, it was revised to a gain of three million jobs. Initially a drop of 2. 75 million was reported for may. Thats a huge revision and a very bullish sign that the economy is ready to come back once it reopens. Also, by the way, we get the jobs report for june tomorrow. A gain of three million jobs is expected as the nation begins to open up and by the way, larry kudlow will join us on that very subject tomorrow morning. Do not miss it. We are seeing a battle, meantime, between government and business once again as cases of the virus rise in some areas. In houston, the mayor putting several businesses on a socalled wall of shame on the citys website after they defied lockdown orders. Those businesses, all bars, by the way, not happy at all. In arizona, a gym owner is suing the state over the order to shut down again and is vowing to remain open despite those orders from the governor. Confrontations are arising. Another battle as we head towards the long Holiday Weekend, whether or n
Twitter shut down 32,000 accounts tied to china, russia and turkey for manipulating the platform. This after joe biden called out facebook for failing to curb misinformation and not taking a stand on political speech, oed i many who watch the by many who watch the social network. The company spends a lot of time outlining Community Standards they are supposed to enforce against all users, and when one particular user comes along who happens to send his posts from 1600 pennsylvania avenue, theres a different standard. In a lot of ways, facebook is too big to fix right now. Facebook has 2. 5 billion users around the world constantly posting in more than 100 languages. That is a system too big to govern. You have one young white man who has one experience in this life who has the control of billions of people, what they see and view. It is wrong. I dont know if he is drunk with power or simply just in a bubble. Us is someone else who has an opinion, roger an author. Ive got to get your te
lawsuit over abortio medication the judge s ruling could com at anytime, and th consequences it could have across the country following concerns over silicon s downfall spreading t europe are there still risks for othe banks? and will congress do anythin about it as the 11th hour gets underway on this wednesday night. good evening once again, i stephanie ruhle. we may be one step closer to a first ever indictment of a former president in a criminal case the manhattan district attorney s investigation int the stormy daniels hush mone case appears to be entering it final stages this afternoon, former trump loyalist michael cohen finishe his second day of testifying before a grand jur investigating the case do i think that it is wrapping up? it appears to be so. i am probably the last witness that they need i did not receive an additional subpoenas o documents requesting me to com back so, yeah, i am pretty saf to say that i m done cohen testified for about two hours, h
Now down over 1 in dow futures are down by 51 . Cheryl a lot of this coming from overseas bit tech selloff in asia and japan. The nikkei down half of a percent. The shanghai composite down. 6 or so. Lauren the companys chief business may be residing in the board reportedly considering a leave of absence for a ceo travis on next. Cheryl the first time in 20 years a repeat champion for the stanley cup. A big victory last night. Lauren they were partying in the streets. Title 1 00 a. M. Welcome to fbn am, your first look at morning markets and breaking news. Cheryl a lot of breaking news this morning. Attorney general Jeff Sessions has offered to testify before the Senate Intelligence company tomorrow days after fbi or comeys explosive testimony. Not sure whether it will be public or close. Jack reid on Fox News Sunday talked about what he wants to hear from the attorney general. You dirty recused himself and suddenly he is the one apparently recommended to the president that comey be fir