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Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t ....
Giants thats benefited from more money in american wallets earlier this year. For more, i want to bring in abigail, whos been following all the action in the s p. A big day, catching up to the nasdaq. Tech is helping. Abigail we have this record high. Market watchers have been waiting for the s p 500 for a week very closely. The nasdaq has been hitting record high after high. Tech, especially with amazon and other tech names, really driving the gains for the s p 500. Morning the this s p 500 briefly went negative after putting in an alltime high. We have this wall of worry. Not only do we have no still is, a second deal is not on the table yet. We have a election jitters, u. S. China trade jitters, the possibility of a second wave. It was not a robust finish for the s p 500, that a record high. One day versions are a little high, given the others closed a little high. The last time this index put in a record high was almost two years ago. Its really the habs and and havenots. Vs techno ....
With lee cowan, we will learn all about it. In this digital age its certainly no surprise your medical records are electronic, but what may be surprising is that itmoe suprising, may be what that Company Looks like and where it is. What do you think epic has done to the local economy here . You mean the Silicon Valley of the midwest . The epic campus and the epic reach of a company aptly named epic, ahead on sunday morning. Pauley we are in conversation this morning with oscarwinning actor Richard Dreyfuss, Ben Mankiewicz is asking the questions. Richard dreyfuss has created some of the greatest characters on film. Call 911. But there is one he is really not proud of. You asked about me . I sure did. The best part ever for an actor your age, what happened when you ....
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer t ....
Every 10 minutes. Deneige follow your Tuesday Morning commute. I did it again. I dont know why i keep clapping. Certified meteorologist, Brian Shields here right now. Its a nice start it is a nice start, outside, here is a look at what we have in downtown orlando we are at 63 degrees warmer than yesterday, winds out of the east at seven. Most of us will want a sweatshirt if you want to be out for another hour or two. 56 claremont but it is definitely milder in some spots, how about 70 this morning in melbourne, that onshore breeze keeping us in the 60s and 70s right across Brevard County. Volusia county in the mid 50s. Satellite and radar picture, a few fairweather clouds that will make for a nice sunrise you can see them coming in out of the southeast. We will have that southeasterly went with us today that will deland ....