Turning lower. The virus setting new records across the u. S. Californias hospitalizations jumping to a new high. Rates of new cases also hitting new levels. I want to bring in kailey leinz, who has been all over the Market Action today. We were hitting a lot highs yesterday but the selloff seeming to accelerate in the final hours of trading. Snapping eight five day winning streak on the s p 500, as we approach the close today. It seemed to be a story of tech outperformance throughout much of the day. That weakness heading into the end of training. The nasdaq holding up relatively better than some of the other major averages. It was still down by about 0. 9 . But that was not as great as the laws we saw on the nasdaq or s p 500. The russell 2000 down the better part of 2 . Much more sensitive to the Economic Growth story. That seems to be the issue today, that investors are kind of pondering whether or not the recovery will take a lot longer than perhaps previously thought. You saw tha
Harmful is noise to our house and what kind of effects can it half. And a sinking city bancorp is desperate for solutions to its flood problem. Traffic jams and backed up streets could be a thing of the past with self driving cars. With a computer at the helm they could smooth the traffic flow by up to 30 percent but do Artificial Intelligence systems know whats going on around them. The also official Intelligence Systems that drive Autonomous Vehicles have to interpret what computer scientists call optical flight. Patterns of light in official seem to identify objects that trigger. Its crucial the optical flow systems get it right all the time. So do they. Thats what 3 researchers at the Max Planck Institute for Intelligent Systems in typically in germany want to determine. This system represents the movement of an object in different colors and different degrees of brightness depending on the perceived direction and the speed its going in. Your car is moving to the right then and the
Company holiday to the calendar. And he are everyone tz artz o raise serious cash thats all here on Worldwide Exchange on cnbc. Good morning, good afternoon, good evening. Welcome to wherever in the world you may be watching. Here is how the money, your markets are setting up their day. Stock futures indicating the dow is likely to rise at the open. It is early. We are in the green. We are 116 pointsto the future side as well snapping the threeday streak. It did during the second day o temperature. With that pull back, blue chips need about 1,862 to complete that selloff look at the wild swing after a relatively calm one. Watching the credit and bond markets as well. 10year at 0. 73 look at oil. New data that shows Venezuela Oil output has collapsed to 570,000 barrels per day. That is down from more than three plus Million Barrels a day. That is a 76year low in oil output for the most oil rich country in the world a true collapse of venezuela there. Wti crude is up to 38. 32 around the
Together we have been observing 8 minutes, 46 seconds of silence apts the Stock Exchange in tribute of the life and legacy of george floyd and the movement his death has ignited. Well have full coverage roho tayere on cnbc. Well be right back. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. I want to welcome you back to the Halftime Report i want to take you to the wall its about 11 minutes, 12 minutes past 12 00 its a mixed picture on wall street 27,315 is a los. Nasdaq bucking the trend today taking a bit of a breather as the value stocks join
The hardening of the peoples money in a time of hyper softening of money of infinite feel it and who steps into the rink into the big coin rink with all of the arguments that weve been making for the past 09 years about bitcoin here on this show well Paul Tudor Jones buys the queen with reminder of gold in 1970 s. Maclin best for Paul Tudor Jones is buying big coin as a hedge against inflation he sees coming from Central Bank Money printing telling clients every mind him of the role gold played in the 1970 s. He says quote the best profit maximizing strategy is to own the fastest horse this is incredibly big news Paul Tudor Jones is a seminal figure in the Hedge Fund Industry in the money manage an industry going back to the early 1980 s. Even before and hes got about 40000000000. 00 hes got a position now and because in the low Single Digits we know that typically his style is to scale into a position so i expect him to be 5 or 10 percent of that plus he is the ultimate alpha dog in t