New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi
Ten year is yielding around 0. 65 . Yeah, 0. 648 30year is at 1. 383 andrew thanks, becky nice to see you. Meantime, civil Rights Groups involved in that meeting with facebook which we previewed for you yesterday right here on squawk, well, the companys platforms, they are calling that sitdown meeting disappointing. They say they were unable to get commitments from Company Leaders on how they plan to combat hate speech and misinformation on the site facebook spokesperson said this was an opportunity for the company to reaffirm the commitment to combatting hate on the services well talk a lot more about this later with somebody who was on that phone call. I dont know if it was a phone call or a zoom. They dont do zoom, guys. They didnt i thought it was a zoom . Facebook now has their own. They do they have their own platform now. I dont know if you are going to meet with well, ive had meetings on facebook they often use blue jeans. I thought it said zoom but it might have been used sayi
Well be getting tomorrow. The nasdaq, as i just mentioned, outperforming once again those big names, netflix up 5 1 2 , tesla, amazon seeing strong gains as well with just 59 minutes left of trade. We are higher still on the s p but not on the dow anymore the nasdaq remains in the lead up to 0. 9 coming up on the show, shares of draft kings have doubled since they began trading in april. Today they announced a new way to bet on one of americas most celebrated fourth of july events well discuss with ceo jason robins coming up dennys, new effort to raise cash whats facing the Restaurant Industry in these uncertain times. But lets focus on the big stories were watching today first of all mike santoli, meg tirrell, pfizers encouraging vaccine news and highlights from the fed news minutes ago. Breaking news on apple josh has it for us hey, josh. So wilf, more apple Stores Closing as covid19 cases rise specifically apple saying its going to reclose 30 Additional Stores in the United States t
The hard earned dollars. This is facebook could facebook be broken up by government shares down on the threat of government action. All that ahead but beginning with the headline sending stocks to new records. The United States and mcagreed in principle to phase 1 of a trade deal Kayla Tausche live at the white house all day. Breaking news all day long and joining us now with the late breaking details kayla. Waiting official word from the white house and the u. S. Trade representative on a limited agreement between the u. S. And china that would see tariffs on sunday delayed or cancelled and would potentially roll back some earlier tariffs or cut the tariff levels from previous rounds. The wall street journal and bloomberg both reporting that President Trump has signed off on this agreement that was presented to him by miss top trade and economic advisers earlier today. The meeting that the president held was for roughly an hour in the oval office. And at one point he was joined by ceo
We will tell you about u. S. Tech stocks taking a hit. Our exclusive conversation with the ceo of one of techs most secretive companies. Why protesters. Them from doing business with the Trump Administration. Announced ite u. S. Will extend the limited set of exemptions that have text in Rural Networks and other u. S. Customers from a ban. This comes as the trade war rages on with u. S. Tech feeling the heat in anticipation of tariffs. Taking his problems to the top. A move that is apparently impressed President Trump. Hes the one that is comey and that is why he is a great executive. And hire very expensive consultants in tim cook calls donald trump are. The only 1 whenever theres a problem, he will call. We spoke to the Ark Investment Management who invests across the tech sector. This president want u. S. Companies to succeed, so ive the of the day this is part of negotiations. So manyd, apple has interesting things going for it right now we are learning more about apple tv, apple p